Caledonia Mining Corporation Plc
Caledonia Mining Corporation Plc Common Stock represents ownership in Caledonia Mining Corporation Plc, a gold production, exploration, and development company focused on Zimbabwe. The company’s core operations center on the Blanket Mine, a producing gold asset, alongside the Bilboes Sulphide Project and the Motapa and Maligreen gold mining claims. Its business is built around extracting, evaluating, and advancing mineral properties for precious metals, with gold as the primary focus. Caledonia Mining also participates in exploration work aimed at identifying additional mineral resources and supporting operational output from its existing assets. Headquartered in Saint Helier, Jersey, and incorporated in 1992, the company plays a specialized role in the global mining market by concentrating on a defined set of Zimbabwe-based assets and precious metals projects.
$22.79
-$0.42 (-1.81%)
EOD Oct 21, 2026
Margins and capital returns are both well above average: 42.32% operating margin, ROIC at 24.93%. Consistent with durable pricing power, though that alone doesn't make it a buy.
Revenue up 46.2% YoY with margins expanding 11.4pp.
Even for strong businesses, today's 6x P/E means the stock needs to keep delivering. There's no margin of safety if growth disappoints.
6.2x earnings, 8.0x FCF. The multiple is below average. Either the market is pricing in deterioration you should investigate, or there's genuine value here.
Price History
Valuation & Multiples
Based on TTM earnings · Diluted shares
Profitability & Returns
Revenue (TTM)
$289M
▲ +46.2% YoY
Net Income (TTM)
$82M
▲ +192.8% YoY
Op. Margin
42.32%
▲ +11.4pp YoY
ROIC
24.93%
▲ +13.2pp YoY
Cash Flow & Balance Sheet
FCF (TTM)
$50M
▲ +277.2% YoY
Op. Cash Flow (TTM)
$83M
▲ +49.1% YoY
Net Debt
-$8M
Net Cash Position
Cash & Equiv.
$41M
3Y CAGR: +23.5%
Continue Research
Is Caledonia Mining Corporation (CMCL) overvalued?
At a P/E of 6.2 and a price-to-free-cash-flow of 8.0, Caledonia Mining Corporation (CMCL) trades below a two-stage DCF intrinsic value of about $144.27 per share, so at $22.79 the stock looks undervalued (533.1% below estimated intrinsic value). A high multiple is not the same as overvalued: fast-growing, high-quality businesses can deserve a premium. See the general approach in how to tell if a stock is overvalued.
On quality, Caledonia Mining Corporation scores 90/100 on Intrinsiqq's quality scorecard (a high-quality business on these measures), weighing growth, margins, returns on capital, share count, and balance-sheet strength. It currently yields about 0.6%; see dividend safety for coverage and history. All figures are computed from company filings; read the full methodology, or see how the market compares in our US profitability statistics. This is analysis, not investment advice.
Frequently asked
What is Caledonia Mining Corporation's fair value?+
Intrinsiqq's two-stage DCF estimates an intrinsic value of about $144.27 per share for CMCL, projecting its recent free cash flow forward with a growth rate that fades toward a long-run rate and discounting it back to today. Applying a 25% margin of safety gives a more conservative fair-value entry around $108.21. At today's $22.79, that puts the stock about 533.1% below estimated intrinsic value. The result is sensitive to the growth and discount-rate inputs, so it is best to run conservative, base and optimistic cases. You can adjust all of them yourself with the sliders on the DCF tab.
Is Caledonia Mining Corporation a high-quality business?+
Caledonia Mining Corporation scores 90 out of 100 on Intrinsiqq's quality score, a weighted blend of 8 metrics each scored 0 to 100, which makes it a high-quality business on these measures. Recent fundamentals include a 42.3% operating margin and a 24.9% return on invested capital. The score weighs revenue and free-cash-flow growth, operating margins, return on invested capital, share-count change, and balance-sheet strength, all computed from company filings, not opinion. Because valuation only means something relative to quality, the full metric-by-metric breakdown is on the quality scorecard.
Does Caledonia Mining Corporation (CMCL) pay a dividend, and how much?+
Yes, Caledonia Mining Corporation pays a regular dividend of about $0.14 per share per year (typically in quarterly installments), a yield of roughly 0.6% at the current price. That is a payout ratio of about 3.0% of earnings, so the dividend is amply covered by earnings. A low headline yield is not the same as a weak dividend: what matters is how well earnings and free cash flow cover the payout and whether it is growing, not the percentage alone. For CMCL's full payout history, growth streak and dividend-safety score, see the dividends tab.
Is Caledonia Mining Corporation a good stock to buy right now?+
That depends on valuation and quality together, not either alone. CMCL currently trades below its estimated intrinsic value and scores 90/100 on quality (high-quality). It also yields about 0.6%. A cheap price is only a bargain if the business is durable, and a premium can be justified by genuine quality, so the two questions, "is it cheap?" and "is it good?", only make sense side by side. Read the valuation against the quality scorecard, run the DCF on your own assumptions, and decide for yourself. This is analysis from company filings, not investment advice.
Related stocks: Gold
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Data sourced from company filings and third-party price providers. Scores, valuations, and metrics are algorithmic estimates. This is not investment advice. See our Terms and Methodology.
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