Caledonia Mining (CMCL) Share Price, News & Analysis

Company Overview

Caledonia Mining (NYSE:CMCL, AIM:CMCL) is a profitable cash generative gold producer with a strong growth profile, Caledonia’s primary asset is the Blanket Mine in Zimbabwe. By 2022 the Company plans to increase its annual production by 37%, up to 80,000 ounces. The Company is listed in New York and London with a current Market Capitalisation of U$174m. Caledonia’s flagship asset is the Blanket Gold Mine in Zimbabwe, Caledonia has a prime position in Zimbabwe, one of the last gold frontiers in Africa with substantial exploration potential. Production in 2020 was 58,000 ounces at an AISC of around $900 per ounce. AISC Cost guidance post the growth to 80,000 ounces by 2022 will be $700 - $800 per ounce. Caledonia has a life of mine of 13 years to 2034. Caledonia has a strong balance sheet with no long-term debt and $21m in cash. The Company pays a quarterly dividend which increased in April 2021 to 12 cents a share. The dividend has been increased 5 times in the last 18 months & is a 75% cumulative increase from 6.875 cents announced in October 2019. Caledonia is committed to evaluating investment opportunities in Zimbabwe and has entered into two option agreements to acquire the mining claims over Glen Hume and Connemara North. The properties are in Gweru mining district, an area that has historically produced significant quantities of gold. The Company’s long-term vision is to become a sustainable, multi asset mid-tier producer, focused on organic growth and making genuine return for our shareholders

Key Stats

• Today's Range: 1,600 to 1,680
• 50-Day Range: 1,620 to 2,400
• 52-Week Range: 964.80 to 2,900
• Volume: 2,954 shs
• Average Volume: 6,966 shs
• Market Capitalization: £319.98 million
• P/E Ratio: 5.86
• Dividend Yield: 2.44%
• Price Target: N/A
• Consensus Rating: N/A

CMCL Stock Analysis - Frequently Asked Questions

How have CMCL shares performed this year?

Caledonia Mining's stock was trading at GBX 1,942 at the start of the year. Since then, CMCL stock has decreased by 14.6% and is now trading at GBX 1,657.50.

How do I buy shares of Caledonia Mining?

Shares of CMCL stock and other U.K. stocks can be purchased through online brokerage accounts that support trading on the London Stock Exchange (LSX). Some U.K. companies can be purchased through major U.S. brokerages in the form of American Depository Receipts (ADRs), which are placeholder equities held in a trust by a bank that represent shares of a foreign stock.

What other stocks do shareholders of Caledonia Mining own?

Based on aggregate information from My MarketBeat watchlists, some other companies that Caledonia Mining investors own include Wheaton Precious Metals (WPM), Avino Silver & Gold Mines (ASM), 3D Systems (DDD), Ambarella (AMBA), Alexco Resource (AXU), Baidu (BIDU) and Novagold Resources (NG).

Industry, Sector and Symbol

• Stock Exchange: LON
• Sector: Basic Materials
• Industry: Gold
• Sub-Industry: N/A
• Current Symbol: LON:CMCL
• CIK: N/A
• Web: www.caledoniamining.com
• Phone: 44 1534 679800
• Fax: N/A
• Employees: 1,718
• Year Founded: N/A

Profitability

• EPS (Trailing Twelve Months): GBX 283
• Trailing P/E Ratio: 5.86
• Forward P/E Ratio: 13.99
• P/E Growth: N/A
• Net Income: £12.28 million
• Net Margins: 20.93%
• Pretax Margin: N/A
• Return on Equity: 22.79%
• Return on Assets: 8.52%

Debt

• Debt-to-Equity Ratio: 12.59
• Current Ratio: 1.69
• Quick Ratio: 0.97

Sales & Book Value

• Annual Sales: £267.66 million
• Price / Sales: 1.20
• Cash Flow: GBX 112.78 per share
• Price / Cash Flow: 14.70
• Book Value: GBX 1,416.33 per share
• Price / Book: 1.17

Miscellaneous

• Outstanding Shares: 19,305,000
• Free Float: N/A
• Market Cap: £319.98 million
• Optionable: Not Optionable
• Beta: 0.62