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CMCL
In the News
Caledonia Mining keeps dividend flat as sign of confidence in Blanket mine
Caledonia Mining Corporation PLC (AIM:CMCL, NYSE-A:CMCL) declared a quarterly dividend of US$0.14 per share as it reported a robust performance of Zimbabwe's Blanket mine in 2023, with cash flows improving in the second half. The dividend was kept the same level as the prior year even though, as revealed in a trading update at the start of this month, production was in line with expectations but one-off costs took the edge off profits.
Caledonia Mining Corporation Plc Results for the Year ended December 31, 2023; Notice of Management Conference Call; Dividend Declaration
ST HELIER, Jersey, March 28, 2024 (GLOBE NEWSWIRE) -- Caledonia Mining Corporation Plc ("Caledonia" or the "Company") (NYSE AMERICAN: CMCL; AIM: CMCL; VFEX: CMCL) announces its operating and financial results for the year ended December 31, 2023 (the "Year"). Further information on the financial and operating results for the Year and the quarter ended December 31, 2023 (the "Quarter" or "Q4") can be found in the Management Discussion and Analysis ("MD&A"), and the audited financial statements, which are available on the Company's website and which are being filed on SEDAR.
Caledonia Mining's former CEO steps down as non-exec as new director is appointed
Caledonia Mining Corporation PLC (AIM:CMCL, NYSE-A:CMCL) has appointed Tariro Gadzikwa as a new independent director. At the same time, Steve Curtis, former CEO, is stepping down for the non-executive role he has held since June 2022.
Caledonia Mining profits hit by one-off costs
Caledonia Mining warned that one-off costs will mean a reduction in profits this year even with a strong production performance from its Blanket gold mine in Zimbabwe. Full-year production for 2023 was 75,416 ounces of gold with revenues in line with expectations, but increased costs and several significant one-off charges in the final quarter of the year have resulted in lower profits, said the statement.
Caledonia Mining: Potential Strong Upside From A Low Stock Price
Caledonia Mining Corporation receives a Buy rating due to improving gold price outlook and the company's cost-cutting initiatives. CMCL stock price appears well-positioned for a strong rebound from current levels, which are close to the oversold level at the bottom of the stock price cycle. The company's strong financial position, dividend payments, and growth prospects make it an attractive investment option.
Caledonia Mining drilling at Blanket can add over four years to mine life, suggests house
Caledonia Mining's update from the deep-level drilling programme at its Blanket Mine was encouraging says broker Cavendish with grades and widths generally better than expected. As a result, the overall resource should increase and so lead to an extension of the mine life.
Caledonia Mining eyes Blanket extension after drilling beats expectations
Caledonia Mining said the life of its Blanket Mine in Zimbabwe will likely be extended after recent in-fill deep drilling produced better than expected grades and widths. Gold grades from around 1,000m below the surface at the Blanket and Eroica ore bodies ranged between 3.62 g/t to 8.8g/t over widths of 4-16 m.
Caledonia Mining stages 'good comeback' in second half, says broker
Caledonia Mining made a good comeback in the second half of the year to produce 75,416oz gold at Blanket in 2023, says broker Cavendish. Fourth quarter production from Blanket was 20,172oz.
Caledonia Mining predicts stable production over next twelve months
Caledonia Mining Corporation expects stable gold output in calendar 2024 with guidance for 74-78,000 oz production from the Blanket mine in Zimbabwe. Production in 2023 was in line with guidance at around 75,100oz following the completion of a new central shaft at Blanket.
Caledonia Mining: Buy For Dividends, But Watch Carefully
Caledonia Mining Corporation is a profitable gold miner operating primarily in Zimbabwe. CMCL has seen success through the development of the Blanket mine and newer acquisitions. The ~4.7% dividend is the draw; patient investors can see this increase.
CMCL Financial details
CMCL Financial Performance
Yearly Fundamentals Overview
Last date of statement is 2022-12-31
Metric | History | 2018-12-31 | 2019-12-31 | 2020-12-31 | 2021-12-31 | 2022-12-31 |
---|---|---|---|---|---|---|
2.02K | 2.02K | 2.02K | 2.02K | 2.02K | ||
Revenue per share | 6.45 | 7.06 | 8.54 | 9.97 | 11.07 | |
Net income per share | 1.02 | 3.91 | 1.78 | 1.51 | 1.4 | |
Operating cash flow per share | 1.67 | 1.68 | 2.65 | 2.54 | 3.32 | |
Free cash flow per share | -0.24 | -0.18 | 0.27 | -0.57 | -0.11 | |
Cash per share | 1.06 | 0.87 | 1.63 | 1.41 | 0.37 | |
Book value per share | 6.65 | 10.09 | 12.09 | 13.25 | 13.33 | |
Tangible book value per share | 7.43 | 11.61 | 13.5 | 14.84 | 15.08 | |
Share holders equity per share | 6.65 | 10.09 | 12.09 | 13.25 | 13.33 | |
Interest debt per share | 0.59 | 0.34 | 0.09 | 0.14 | 1.04 | |
Market cap | 55.67M | 90.45M | 185.85M | 141.91M | 159.1M | |
Enterprise value | 50.44M | 84.37M | 167.41M | 126.11M | 167.02M | |
P/E ratio | 5.17 | 2.15 | 8.94 | 7.71 | 8.89 | |
Price to sales ratio | 0.81 | 1.19 | 1.86 | 1.17 | 1.12 | |
POCF ratio | 3.15 | 5.01 | 6 | 4.59 | 3.73 | |
PFCF ratio | -22.05 | -46.05 | 59.53 | -20.49 | -107.87 | |
P/B Ratio | 0.79 | 0.83 | 1.31 | 0.88 | 0.93 | |
PTB ratio | 0.79 | 0.83 | 1.31 | 0.88 | 0.93 | |
EV to sales | 0.74 | 1.11 | 1.67 | 1.04 | 1.18 | |
Enterprise value over EBITDA | 1.98 | 2.72 | 3.67 | 2.49 | 2.94 | |
EV to operating cash flow | 2.86 | 4.67 | 5.41 | 4.08 | 3.92 | |
EV to free cash flow | -19.98 | -42.96 | 53.62 | -18.21 | -113.23 | |
Earnings yield | 0.19 | 0.46 | 0.11 | 0.13 | 0.11 | |
Free cash flow yield | -0.05 | -0.02 | 0.02 | -0.05 | -0.01 | |
Debt to equity | 0.08 | 0.03 | 0 | 0.01 | 0.07 | |
Debt to assets | 0.05 | 0.02 | 0 | 0.01 | 0.05 | |
Net debt to EBITDA | -0.21 | -0.2 | -0.4 | -0.31 | 0.14 | |
Current ratio | 2.31 | 3.02 | 4.47 | 2.99 | 1.18 | |
Interest coverage | 78.47 | 77.23 | 110.99 | 102.29 | 61.3 | |
Income quality | 0.82 | 0.3 | 0.76 | 0.81 | 1.06 | |
Dividend Yield | 0.06 | 0.04 | 0.02 | 0.06 | 0.06 | |
Payout ratio | 0.32 | 0.08 | 0.22 | 0.44 | 0.5 | |
Sales general and administrative to revenue | 0.09 | 0.08 | 0.09 | 0.07 | 0.09 | |
Research and developement to revenue | 0 | 0 | 0 | 0 | 0 | |
Intangibles to total assets | 0 | 0 | 0 | 0 | 0 | |
Capex to operating cash flow | -1.14 | -1.11 | -0.9 | -1.22 | -1.03 | |
Capex to revenue | -0.3 | -0.26 | -0.28 | -0.31 | -0.31 | |
Capex to depreciation | -4.96 | -4.52 | -6.02 | -4.7 | -4.35 | |
Stock based compensation to revenue | 0 | -0.01 | 0.02 | 0.01 | 0 | |
Graham number | 12.32 | 29.8 | 21.98 | 21.24 | 20.46 | |
ROIC | 0.18 | 0.2 | 0.18 | 0.14 | 0.13 | |
Return on tangible assets | 0.09 | 0.29 | 0.12 | 0.09 | 0.08 | |
Graham Net | -2.47 | -0.02 | 0.9 | 0.27 | -1.63 | |
Working capital | 15.97M | 19.96M | 34.62M | 35.25M | 5.99M | |
Tangible asset value | 78.81M | 124.72M | 158.04M | 180.56M | 193.46M | |
Net current asset value | -18.72M | 11M | 24.71M | 22.61M | -3.31M | |
Invested capital | 0.08 | 0.03 | 0 | 0.01 | 0.07 | |
Average receivables | 5.68M | 5.66M | 4.43M | 5.99M | 8.59M | |
Average payables | 2.72M | 2.67M | 2.36M | 2.2M | 3M | |
Average inventory | 9.3M | 10.26M | 13.95M | 18.81M | 19.57M | |
Days sales outstanding | 34.11 | 23.69 | 14.37 | 24.18 | 23.49 | |
Days payables outstanding | 19.57 | 23.07 | 12.98 | 13.58 | 15.93 | |
Days of inventory on hand | 73.5 | 90.6 | 114.93 | 112.95 | 83.37 | |
Receivables turnover | 10.7 | 15.41 | 25.39 | 15.09 | 15.54 | |
Payables turnover | 18.65 | 15.82 | 28.12 | 26.87 | 22.92 | |
Inventory turnover | 4.97 | 4.03 | 3.18 | 3.23 | 4.38 | |
ROE | 0.15 | 0.39 | 0.15 | 0.11 | 0.1 | |
Capex per share | -1.9 | -1.86 | -2.38 | -3.11 | -3.44 |
Quarterly Fundamentals Overview
Last date of statement is 2023-09-30 for Q3
Metric | History | 2022-09-30 | 2022-12-31 | 2023-03-31 | 2023-06-30 | 2023-09-30 |
---|---|---|---|---|---|---|
2.02K | 2.02K | 2.02K | 2.02K | 2.02K | ||
Revenue per share | 2.79 | 2.66 | 1.76 | 1.93 | 2.2 | |
Net income per share | 0.67 | -0.65 | -0.25 | -0.03 | 0.24 | |
Operating cash flow per share | 0.7 | 0.53 | -0.05 | -0.12 | 0.78 | |
Free cash flow per share | -0.17 | -0.21 | -0.33 | -0.44 | 0.23 | |
Cash per share | 0.64 | 0.37 | 1.02 | 0.56 | 0.58 | |
Book value per share | 14.18 | 13.33 | 14.19 | 12.55 | 12.98 | |
Tangible book value per share | 15.95 | 15.07 | 15.48 | 13.72 | 14.25 | |
Share holders equity per share | 14.18 | 13.33 | 14.19 | 12.55 | 12.98 | |
Interest debt per share | 0.19 | 1.01 | 1.4 | 1.29 | 1.16 | |
Market cap | 126.02M | 159.13M | 254.85M | 222.97M | 184.35M | |
Enterprise value | 120.18M | 167.05M | 260.56M | 235.77M | 194.83M | |
P/E ratio | 3.66 | -4.78 | -14.92 | -108.66 | 10.23 | |
Price to sales ratio | 3.52 | 4.66 | 8.66 | 6.02 | 4.48 | |
POCF ratio | 14.12 | 23.32 | -290.93 | -100.16 | 12.72 | |
PFCF ratio | -56.56 | -58.18 | -45.4 | -26.63 | 42.63 | |
P/B Ratio | 0.69 | 0.93 | 1.07 | 0.93 | 0.76 | |
PTB ratio | 0.69 | 0.93 | 1.07 | 0.93 | 0.76 | |
EV to sales | 3.35 | 4.89 | 8.85 | 6.37 | 4.73 | |
Enterprise value over EBITDA | 8.12 | 19.08 | 224.62 | 37.73 | 18.78 | |
EV to operating cash flow | 13.47 | 24.48 | -297.44 | -105.92 | 13.44 | |
EV to free cash flow | -53.94 | -61.08 | -46.42 | -28.16 | 45.05 | |
Earnings yield | 0.07 | -0.05 | -0.02 | 0 | 0.02 | |
Free cash flow yield | -0.02 | -0.02 | -0.02 | -0.04 | 0.02 | |
Debt to equity | 0.01 | 0.07 | 0.1 | 0.1 | 0.09 | |
Debt to assets | 0.01 | 0.05 | 0.07 | 0.08 | 0.07 | |
Net debt to EBITDA | -0.39 | 0.9 | 4.92 | 2.05 | 1.01 | |
Current ratio | 2.36 | 1.18 | 1.08 | 1.21 | 1.52 | |
Interest coverage | 888.88 | 17.25 | -1.42 | 2.43 | 18.9 | |
Income quality | 0.63 | -1.3 | 876 | 4.34 | 3.22 | |
Dividend Yield | 0.02 | 0.01 | 0.01 | 0.01 | 0.02 | |
Payout ratio | 0.31 | -0.21 | -0.57 | -5.64 | 0.62 | |
Sales general and administrative to revenue | 0.08 | 0.13 | 0.1 | 0.09 | 0.08 | |
Research and developement to revenue | 0 | 0 | 0 | 0 | 0 | |
Intangibles to total assets | 0 | 0 | 0 | 0 | 0 | |
Capex to operating cash flow | -1.25 | -1.4 | 5.41 | 2.76 | -0.7 | |
Capex to revenue | -0.31 | -0.28 | -0.16 | -0.17 | -0.25 | |
Capex to depreciation | -4.18 | -3.45 | -2.1 | -1.82 | -2.2 | |
Stock based compensation to revenue | 0 | 0.03 | -0.03 | 0.01 | 0 | |
Graham number | 14.63 | 13.95 | 9.02 | 2.75 | 8.39 | |
ROIC | 0.06 | 0.05 | -0.02 | 0 | 0.02 | |
Return on tangible assets | 0.04 | -0.04 | -0.01 | 0 | 0.01 | |
Graham Net | 0.03 | -1.63 | -1.59 | -1.26 | -1.58 | |
Working capital | 23.42M | 5.99M | 3.68M | 7.67M | 18.76M | |
Tangible asset value | 204.67M | 193.46M | 259.55M | 263.18M | 266.36M | |
Net current asset value | 16.69M | -3.31M | -9.52M | -6.11M | 547K | |
Invested capital | 0.01 | 0.07 | 0.1 | 0.1 | 0.09 | |
Average receivables | 7.95M | 8.76M | 9.59M | 9.35M | 7.21M | |
Average payables | 4.08M | 3.15M | 4.63M | 5.22M | 4.32M | |
Average inventory | 20.11M | 19M | 18.41M | 18.47M | 18.64M | |
Days sales outstanding | 21.05 | 24.08 | 30.7 | 21.05 | 12.56 | |
Days payables outstanding | 12.42 | 13.81 | 21.95 | 16.13 | 13.2 | |
Days of inventory on hand | 87.37 | 72.31 | 70.51 | 63.64 | 62.65 | |
Receivables turnover | 4.28 | 3.74 | 2.93 | 4.27 | 7.16 | |
Payables turnover | 7.25 | 6.52 | 4.1 | 5.58 | 6.82 | |
Inventory turnover | 1.03 | 1.24 | 1.28 | 1.41 | 1.44 | |
ROE | 0.05 | -0.05 | -0.02 | 0 | 0.02 | |
Capex per share | -0.87 | -0.74 | -0.28 | -0.32 | -0.54 |
CMCL Frequently Asked Questions
What is Caledonia Mining Corporation Plc stock symbol ?
Caledonia Mining Corporation Plc is a JE stock and trading under the symbol CMCL
What is Caledonia Mining Corporation Plc stock quote today ?
Caledonia Mining Corporation Plc stock price is $11.07 today.
Is Caledonia Mining Corporation Plc stock public?
Yes, Caledonia Mining Corporation Plc is a publicly traded company.