Overview Dividends

(CMCL) Caledonia Mining - Ratings and Ratios

Exchange: NYSE MKT • Country: Jersey • Currency: USD • Type: Common Stock • ISIN: JE00BF0XVB15

Gold, Precious Metals

CMCL EPS (Earnings per Share)

EPS Growth (3Y CAGR): -25.89%
EPS Trend (3Y Correlation): 36.4%

CMCL Revenue

Revenue Growth (3Y CAGR): 24.38%
Revenue Trend (3Y Correlation): 87.6%

Description: CMCL Caledonia Mining

Caledonia Mining Corporation Plc is a gold mining company with a primary focus on operating the Blanket Mine in Zimbabwe, where it holds a 64% interest. The company is also engaged in exploration and development projects in Zimbabwe, including the Maligreen, Bilboes, and Motapa projects. With a diversified portfolio of assets, Caledonia aims to capitalize on the gold mining opportunities in the region.

From a financial perspective, Caledonias market capitalization stands at approximately $358.88 million USD, indicating a mid-cap status. The companys price-to-earnings ratio is around 20.44, while the forward P/E is significantly lower at 9.66, suggesting potential for future earnings growth. Return on Equity (RoE) is reported at 10.99%, indicating a relatively healthy profitability metric.

To further evaluate Caledonias performance, additional Key Performance Indicators (KPIs) can be considered. For instance, the companys gold production volume and cash costs per ounce can provide insights into operational efficiency. Furthermore, metrics such as All-In Sustaining Costs (AISC) and reserve replacement ratio can help assess the sustainability of Caledonias mining operations. A review of the companys debt-to-equity ratio and interest coverage ratio can also shed light on its financial leverage and ability to meet interest payments.

Given the current gold price environment, Caledonias operational and financial performance will be crucial in determining its stock price trajectory. As a Trading Analyst, it is essential to closely monitor the companys quarterly production reports, financial statements, and guidance updates to make informed investment decisions.

CMCL Stock Overview

Market Cap in USD	712m
Sub-Industry	Gold
IPO / Inception	2017-06-29

CMCL Stock Ratings

Growth Rating	73.2%
Fundamental	81.8%
Dividend Rating	62.6%
Return 12m vs S&P 500	110%
Analyst Rating	4.0 of 5

CMCL Dividends

Dividend Yield 12m	2.17%
Yield on Cost 5y	3.60%
Annual Growth 5y	10.82%
Payout Consistency	91.7%
Payout Ratio	30.1%

CMCL Growth Ratios

Growth Correlation 3m	95.8%
Growth Correlation 12m	77.2%
Growth Correlation 5y	7.4%
CAGR 5y	61.83%
CAGR/Max DD 3y (Calmar Ratio)	1.37
CAGR/Mean DD 3y (Pain Ratio)	2.73
Sharpe Ratio 12m	1.89
Alpha	147.65
Beta	0.386
Volatility	48.63%
Current Volume	210.4k
Average Volume 20d	252.8k
Stop Loss	35.6 (-5.3%)
Signal	0.84

Piotroski VR‑10 (Strict, 0-10) 8.0

Net Income (37.5m TTM) > 0 and > 6% of Revenue (6% = 12.8m TTM)

FCFTA 0.05 (>2.0%) and ΔFCFTA 2.32pp (YES ≥ +1.0pp, WARN ≥ +0.5pp)

NWC/Revenue 16.28% (prev 13.27%; Δ 3.01pp) (YES ≤20% & Δ≤-1pp; WARN ≤25% & Δ≤0 oder ≤40% & Δ≤-3pp)

CFO/TA 0.15 (>3.0%) and CFO 58.7m > Net Income 37.5m (YES >=105%, WARN >=100%)

Net Debt (8.12m) to EBITDA (48.7m) ratio: 0.17 <= 3.0 (WARN <= 3.5)

Current Ratio 1.65 (target 1.5–3.0; WARN 1.2–<1.5 or >3.0–5.0; CFO/TA gate active)

Outstanding Shares last Quarter (19.3m) change vs 12m ago 0.69% (target <= -2.0% for YES)

Gross Margin 47.31% (prev 36.26%; Δ 11.05pp) >=18% & Δ>=+0.5pp (WARN >=15% & Δ>=0)

Asset Turnover 58.66% (prev 47.88%; Δ 10.78pp) >=50% & Δ>=+2pp (WARN >=35% & Δ>=0)

Interest Coverage Ratio 11.84 (EBITDA TTM 48.7m / Interest Expense TTM 3.11m) >= 6 (WARN >= 3)

Altman Z'' 1.46

(A) 0.09 = (Total Current Assets 88.5m - Total Current Liabilities 53.8m) / Total Assets 389.2m

(B) -0.17 = Retained Earnings (Balance) -66.0m / Total Assets 389.2m

(D) 0.71 = Book Value of Equity 90.2m / Total Liabilities 127.5m

Total Rating: 1.46 = (6.56 * A) + (3.26 * B) + (6.72 * C) + (1.05 * D)

ValueRay F-Score (Strict, 0-100) 81.79

1. Piotroski 8.0pt = 3.0

2. FCF Yield 3.03% = 1.51

3. FCF Margin 9.96% = 2.49

4. Debt/Equity 0.11 = 2.49

5. Debt/Ebitda 0.55 = 2.27

6. ROIC - WACC (= 8.22)% = 10.27

7. RoE 16.36% = 1.36

8. Rev. Trend 87.62% = 6.57

9. EPS Trend 36.44% = 1.82

What is the price of CMCL shares?

As of October 09, 2025, the stock is trading at USD 37.61 with a total of 210,388 shares traded.
Over the past week, the price has changed by +0.78%, over one month by +23.84%, over three months by +84.94% and over the past year by +149.47%.

Is Caledonia Mining a good stock to buy?

Yes, based on ValueRay´s Fundamental Analyses, Caledonia Mining (NYSE MKT:CMCL) is currently (October 2025) a good stock to buy. It has a ValueRay Fundamental Rating of 81.79 and therefor a positive outlook according to the companies health.
Based on momentum, paid dividends and discounted-cash-flow analyses, the fair value of CMCL is around 38.57 USD . This means that CMCL is currently overvalued and has a potential downside of 2.55%.

Is CMCL a buy, sell or hold?

Caledonia Mining has received a consensus analysts rating of 4.00. Therefore, it is recommended to buy CMCL.

Strong Buy: 0
Buy: 2
Hold: 0
Sell: 0
Strong Sell: 0

What are the forecasts/targets for the CMCL price?

Issuer	Target	Up/Down from current
Wallstreet Target Price	37.5	-0.3%
Analysts Target Price	37.5	-0.3%
ValueRay Target Price	42.5	13%

Last update: 2025-10-06 02:04

CMCL Fundamental Data Overview

Market Cap USD = 712.3m (712.3m USD * 1.0 USD.USD)
CCE Cash And Equivalents = 37.9m USD (Cash And Short Term Investments, last quarter)
P/E Trailing = 19.2188
P/E Forward = 18.2482
P/S = 3.4793
P/B = 2.9375
Beta = 0.386
Revenue TTM = 213.4m USD
EBIT TTM = 36.9m USD
EBITDA TTM = 48.7m USD
Long Term Debt = 12.2m USD (from longTermDebt, last quarter)
Short Term Debt = 14.8m USD (from shortTermDebt, last quarter)
Debt = 27.0m USD (Calculated: Short Term 14.8m + Long Term 12.2m)
Net Debt = 8.12m USD (from netDebt column, last quarter)
Enterprise Value = 701.5m USD (712.3m + Debt 27.0m - CCE 37.9m)
Interest Coverage Ratio = 11.84 (Ebit TTM 36.9m / Interest Expense TTM 3.11m)
FCF Yield = 3.03% (FCF TTM 21.3m / Enterprise Value 701.5m)
FCF Margin = 9.96% (FCF TTM 21.3m / Revenue TTM 213.4m)
Net Margin = 17.59% (Net Income TTM 37.5m / Revenue TTM 213.4m)
Gross Margin = 47.31% ((Revenue TTM 213.4m - Cost of Revenue TTM 112.5m) / Revenue TTM)
Tobins Q-Ratio = 7.78 (Enterprise Value 701.5m / Book Value Of Equity 90.2m)
Interest Expense / Debt = 2.23% (Interest Expense 602.0k / Debt 27.0m)
Taxrate = 43.14% (17.5m / 40.5m)
NOPAT = 21.0m (EBIT 36.9m * (1 - 43.14%))
Current Ratio = 1.65 (Total Current Assets 88.5m / Total Current Liabilities 53.8m)
Debt / Equity = 0.11 (Debt 27.0m / last Quarter total Stockholder Equity 238.4m)
Debt / EBITDA = 0.55 (Net Debt 8.12m / EBITDA 48.7m)
Debt / FCF = 1.27 (Debt 27.0m / FCF TTM 21.3m)
Total Stockholder Equity = 229.5m (last 4 quarters mean)
RoA = 9.64% (Net Income 37.5m, Total Assets 389.2m )
RoE = 16.36% (Net Income TTM 37.5m / Total Stockholder Equity 229.5m)
RoCE = 15.25% (Ebit 36.9m / (Equity 229.5m + L.T.Debt 12.2m))
RoIC = 15.43% (NOPAT 21.0m / Invested Capital 135.9m)
WACC = 7.21% (E(712.3m)/V(739.3m) * Re(7.44%)) + (D(27.0m)/V(739.3m) * Rd(2.23%) * (1-Tc(0.43)))
Shares Correlation 3-Years: 100.0 | Cagr: 1.72%
Discount Rate = 7.44% (= CAPM, Blume Beta Adj.) -> floored to rf + ERP 8.05%
[DCF Debug] Terminal Value 81.43% ; FCFE base≈17.0m ; Y1≈21.0m ; Y5≈35.8m
Fair Price DCF = 31.53 (DCF Value 608.7m / Shares Outstanding 19.3m; 5y FCF grow 25.0% → 3.0% )
EPS Correlation: 36.44 | EPS CAGR: -25.89% | SUE: -3.54 | # QB: 0
Revenue Correlation: 87.62 | Revenue CAGR: 24.38% | SUE: -0.11 | # QB: 0

Additional Sources for CMCL Stock

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