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): 17.77%

CMCL Revenue

Revenue Growth (3Y CAGR): 22.14%
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	439m
Sub-Industry	Gold
IPO / Inception	2017-06-29

CMCL Stock Ratings

Growth Rating	36.7%
Fundamental	77.8%
Dividend Rating	60.4%
Total Return vs S&P 500	79.6%
Analyst Rating	4.00 of 5

CMCL Dividends

Dividend Yield 12m	2.24%
Yield on Cost 5y	2.63%
Annual Growth 5y	10.82%
Payout Consistency	91.7%
Payout Ratio	30.1%

CMCL Growth Ratios

Growth Correlation 3m	89.1%
Growth Correlation 12m	48.4%
Growth Correlation 5y	-6.9%
CAGR 5y	9.04%
CAGR/Max DD 5y	0.17
Sharpe Ratio 12m	0.88
Alpha	105.61
Beta	1.015
Volatility	70.04%
Current Volume	251.2k
Average Volume 20d	164.4k
Stop Loss	23.2 (-5.6%)
Signal	2.53

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 (6.84m) to EBITDA (40.0m) 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 0.52% (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 10.35 (EBITDA TTM 40.0m / Interest Expense TTM 3.11m) >= 6 (WARN >= 3)

Altman Z'' 0.08

(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) -0.52 = Book Value of Equity -66.0m / Total Liabilities 127.5m

Total Rating: 0.08 = (6.56 * A) + (3.26 * B) + (6.72 * C) + (1.05 * D)

ValueRay F-Score (Strict, 0-100) 77.81

1. Piotroski 8.0pt = 3.0

2. FCF Yield 4.77% = 2.39

3. FCF Margin 9.96% = 2.49

4. Debt/Equity 0.11 = 2.49

5. Debt/Ebitda 0.67 = 2.16

6. ROIC - WACC 4.21% = 5.26

7. RoE 16.32% = 1.36

8. Rev. Trend 87.62% = 4.38

9. Rev. CAGR 22.14% = 2.50

10. EPS Trend data missing

11. EPS CAGR 17.77% = 1.78

What is the price of CMCL shares?

As of August 20, 2025, the stock is trading at USD 24.58 with a total of 251,238 shares traded.
Over the past week, the price has changed by +15.02%, over one month by +20.96%, over three months by +38.48% and over the past year by +108.98%.

Is Caledonia Mining a good stock to buy?

Partly, yes. Based on ValueRay´s Fundamental Analyses, Caledonia Mining (NYSE MKT:CMCL) is currently (August 2025) ok to buy, but has to be watched. It has a ValueRay Fundamental Rating of 77.81 and therefor a somewhat positive outlook according to the companies health.
Based on momentum, paid dividends and discounted-cash-flow analyses, the fair value of CMCL is around 23.26 USD . This means that CMCL is currently overvalued and has a potential downside of -5.37%.

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	27.5	11.9%
Analysts Target Price	20.3	-17.6%
ValueRay Target Price	26.1	6.2%

Last update: 2025-08-16 02:57

CMCL Fundamental Data Overview

Market Cap USD = 438.6m (438.6m USD * 1.0 USD.USD)
CCE Cash And Equivalents = 19.9m USD (Cash only, last quarter)
P/E Trailing = 11.8385
P/E Forward = 7.0771
P/S = 2.1421
P/B = 1.8394
Beta = 0.215
Revenue TTM = 213.4m USD
EBIT TTM = 32.2m USD
EBITDA TTM = 40.0m USD
Long Term Debt = 12.2m USD (from longTermDebt, last quarter)
Short Term Debt = 14.5m USD (from shortLongTermDebt, last quarter)
Debt = 26.7m USD (Calculated: Short Term 14.5m + Long Term 12.2m)
Net Debt = 6.84m USD (from netDebt column, last quarter)
Enterprise Value = 445.4m USD (438.6m + Debt 26.7m - CCE 19.9m)
Interest Coverage Ratio = 10.35 (Ebit TTM 32.2m / Interest Expense TTM 3.11m)
FCF Yield = 4.77% (FCF TTM 21.3m / Enterprise Value 445.4m)
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 = -6.75 (set to none) (Enterprise Value 445.4m / Book Value Of Equity -66.0m)
Interest Expense / Debt = 2.25% (Interest Expense 602.0k / Debt 26.7m)
Taxrate = 43.14% (from yearly Income Tax Expense: 17.5m / 40.5m)
NOPAT = 18.3m (EBIT 32.2m * (1 - 43.14%))
Current Ratio = 1.65 (Total Current Assets 88.5m / Total Current Liabilities 53.8m)
Debt / Equity = 0.11 (Debt 26.7m / last Quarter total Stockholder Equity 238.4m)
Debt / EBITDA = 0.67 (Net Debt 6.84m / EBITDA 40.0m)
Debt / FCF = 1.26 (Debt 26.7m / FCF TTM 21.3m)
Total Stockholder Equity = 230.0m (last 4 quarters mean)
RoA = 9.64% (Net Income 37.5m, Total Assets 389.2m )
RoE = 16.32% (Net Income TTM 37.5m / Total Stockholder Equity 230.0m)
RoCE = 13.30% (Ebit 32.2m / (Equity 230.0m + L.T.Debt 12.2m))
RoIC = 13.48% (NOPAT 18.3m / Invested Capital 135.9m)
WACC = 9.27% (E(438.6m)/V(465.3m) * Re(9.76%)) + (D(26.7m)/V(465.3m) * Rd(2.25%) * (1-Tc(0.43)))
Shares Correlation 5-Years: 100.0 | Cagr: 8.76%
Discount Rate = 9.76% (= CAPM, Blume Beta Adj.)
[DCF Debug] Terminal Value 76.65% ; FCFE base≈17.0m ; Y1≈21.8m ; Y5≈40.4m
Fair Price DCF = 26.12 (DCF Value 503.9m / Shares Outstanding 19.3m; 5y FCF grow 30.0% → 3.0% )
Revenue Correlation: 87.62 | Revenue CAGR: 22.14%
Revenue Growth Correlation: 72.77%
EPS Correlation: N/A | EPS CAGR: 17.77%
EPS Growth Correlation: 22.11%

Additional Sources for CMCL Stock

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