Company Analysis

Caledonia Mining Corporation Plc (CMCL)

NYSE: CMCL · Gold and Silver Ores · filing with the SEC since 2003
Grade4.4
◀ Past 4.3● Present 5.2▶ Future 3.5
1 est.

The grade of Caledonia Mining Corporation Plc

Nine metrics read from its own filings, by tense
Headline grade
4.4/10
◀ Past4.340% of the headline
● Present5.235% of the headline
▶ Future3.525% of the headline

All three tenses have at least two readings, so the archetype blend applies as printed.

Of the nine metrics, 8 read as filed from the record and 1 is an SI estimate, each with its reasoning, its confidence and what would change it on its card.

◀ Past

What did they actually do?

4.3/1040% of the headline grade · 3 of 3 filed

Surviving crises

as filed
1.2/10

Has it survived what it has been through?

3 warning events since 2017; the latest 2025-04-30.

weight 45% of this tense · 12th percentile among 73 sector filers · read for itself

From the record

Caledonia Mining Corporation Plc's filings since 2017 show 3 warning events: a late-report notice (Form NT 10-K or NT 10-Q, 3 times, the latest 2025-04-30) (its current reports).

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Track record

as filed
7.6/10

What has it actually done, year after year?

+15.8% a year over 10 filed years; profitable in 9 of 10.

weight 33% of this tense · 76th percentile among 44 sector filers · read for its customers

From the record

Caledonia Mining Corporation Plc's 10 filed years say what it did: revenue went from $49 million in fiscal 2015 to $183 million in fiscal 2024, up 15.8% a year; it rose in 8 of 9 years; the deepest fall was 2% from fiscal 2017 to fiscal 2018; net income was positive in 9 of 10 of those years (its annual reports).

What it rests on

  • revenue growth over the filed span15.8%top 49% of its family
  • the share of years revenue rosetop 15% of its family
  • the share of filed years with a profittop 12% of its family
  • the deepest fall from a revenue peak2.0%top 19% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Shareholder treatment

as filed
5.8/10

How has it treated the people who own it?

Share count grew 16.4% a year. 33% of cash flow returned. Insiders: 1 sales, 3 purchases.

weight 22% of this tense · 58th percentile among 38 sector filers · read for its shareholders

From the record

Over the 3 fiscal years to 2024-12-31, Caledonia Mining Corporation Plc's diluted share count grew about 16.4% a year, and dividends and buybacks returned about 33% of its operating cash flow over 3 years (its filed statements). Its officers and directors filed 1 sale and 3 purchases of their own stock on the open market in the year to 2026-09-30, buying about $1 million (their Form 4 filings).

What it rests on

  • the share count over the yearsbottom 30% of its family
  • cash returned against operating cash flowtop 14% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

● Present

What are they doing right now?

5.2/1035% of the headline grade · 2 of 3 filed, 1 estimated

Financial health

as filed
6.2/10

Is it financially healthy right now?

ROE 10%: 10¢ of profit per shareholder dollar. Leverage 33%: owes 33¢ per asset dollar.

weight 45% of this tense · 62nd percentile among 62 sector filers · read for itself

From the record

Return on equity: in the fiscal year ended 2024-12-31, Caledonia Mining Corporation Plc earned about 10 cents of profit for every dollar of shareholders' money, and gross profitability: its products earned about 22 cents per dollar of everything the company owns. Leverage: it owed about 33 cents per dollar of assets, and net share issuance: its share count grew 3.1% over the year (the filed statements).

What it rests on

  • what it owes per dollar of assetsbottom 47% of its family
  • return on equitytop 32% of its family
  • gross profit against assetstop 32% of its family
  • the share count against the year beforetop 34% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Industry position

as filed
3.9/10

How strong is its position in its industry?

bottom 38% of 44 in its family; net margin 12.6%.

weight 33% of this tense · 38th percentile among 44 sector filers · read for its customers

From the record

Caledonia Mining Corporation Plc's standing among 44 graded names in its industry family: revenue of $183 million in fiscal 2024 ranks in the bottom 35% by size; a net margin of 12.6% ranks in the top 50%; revenue growth of 14.7% a year over the last 3 filed years ranks in the bottom 31% (its annual reports).

What it rests on

  • revenue against the family$183Mbottom 35% of its family
  • net margin12.6%top 50% of its family
  • three-year revenue growth14.7%bottom 31% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Leadership

SI estimate
5.3/10

What are the people in charge doing?

SI estimate 5.3/10, confidence 20 of 100 (family median).

weight 22% of this tense · 50th percentile among 16 sector filers · read for its shareholders

SI estimate Inferred, not read as filed

Why it is an estimate
It files no Form 8-K (a foreign issuer reports on Form 6-K), so officer and director changes cannot be read there; the record of its people begins on 2026-03-18 (a listing, a merger or a first filing under the rules) and its chief executive and most of the people in charge have filed since then, so the record shows a floor of 8 months and cannot see past it; a floor under five years is not read as years in charge, so the desk assumes the typical reading of its industry family, the median of 16 members with one.
What the record cannot read
It files no Form 8-K (a foreign issuer reports on Form 6-K), so officer and director changes cannot be read there; the record of its people begins on 2026-03-18 (a listing, a merger or a first filing under the rules) and its chief executive and most of the people in charge have filed since then, so the record shows a floor of 8 months and cannot see past it; a floor under five years is not read as years in charge.
How it was reasoned
family median, 16 readings behind it.
Confidence
20 of 100
What would change it
Its next annual report on file with the inputs replaces this estimate with the filed reading.

From the record

SI estimate, not a filed reading: Caledonia Mining Corporation Plc's leadership is put at 5.3 of 10 with a confidence of 20 of 100, because it files no Form 8-K (a foreign issuer reports on Form 6-K), so officer and director changes cannot be read there; the record of its people begins on 2026-03-18 (a listing, a merger or a first filing under the rules) and its chief executive and most of the people in charge have filed since then, so the record shows a floor of 8 months and cannot see past it; a floor under five years is not read as years in charge, so the desk assumes the typical reading of its industry family, the median of 16 members with one. Its next annual report on file with the inputs replaces this estimate with the filed reading.

▶ Future

What are they set up to do next?

3.5/1025% of the headline grade · 3 of 3 filed

Room to expand

as filed
3.4/10

How much room does it have to grow?

bottom 34% of 42 in its family for room to expand.

weight 22% of this tense · 34th percentile among 42 sector filers · read for itself

From the record

Caledonia Mining Corporation Plc's room to grow, from the newest filed statements (fiscal 2024): cash of $4 million against no long-term debt tagged leaves 1.2% of its assets as net cash, bottom 24% of its family; cash from operations less capital spending is 7.9% of revenue (bottom 31%); a gross margin of 42.1% (bottom 46%) (its annual report).

What it rests on

  • cash less debt against assets1.2%bottom 24% of its family
  • cash from operations less capital spending against revenue7.9%bottom 31% of its family
  • gross margin42.1%bottom 46% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Growth drivers

as filed
3.1/10

What could actually drive growth from here?

bottom 31% of 41 in its family for growth drivers.

weight 33% of this tense · 31st percentile among 41 sector filers · read for its customers

From the record

Caledonia Mining Corporation Plc's growth drivers, from the filed years to fiscal 2024: revenue grew 14.7% a year over the last three filed years against 15.8% over all 10, slowing (bottom 29% of its family); the newest year grew 25% (bottom 34%); capital spending grew -5.1% a year (bottom 30%) (its annual reports). Caledonia Mining Corporation Plc tags no split of its revenue by line in the annual report on file, so growth by line cannot be read here; research and capital spending are on the trend.

What it rests on

  • three-year growth against the whole span-1.1 points a yearbottom 29% of its family
  • the newest year's revenue growth25.0%bottom 34% of its family
  • three-year growth of capital spending-5.1%bottom 30% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Expectations vs reality

as filed
3.8/10

Did its newest year beat what its own record pointed to?

bottom 38% of 38 in its family for expectations against reality.

weight 45% of this tense · 38th percentile among 38 sector filers · read for its shareholders

From the record

Caledonia Mining Corporation Plc's newest year against its own record: revenue of $183 million in fiscal 2024 came in 13.9% above the $161 million its prior three years' pace pointed to (bottom 43% of its family); net income of $23 million against a prior three-year average of $11 million (bottom 45%); a net margin of 12.6% against 8.5% before (bottom 25%) (its annual reports).

What it rests on

  • revenue against the prior three years' pace13.9%bottom 43% of its family
  • net income against the prior three years' average+114%bottom 45% of its family
  • net margin against its prior average+4.1 pointsbottom 25% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

The grade is the company against its own industry, from its filings. It is not a view on the share price. How the grade is made

SI Assistanton CMCL · research, not advice