CMCL Earnings
Monday, May 11 2026
Revenue Estimate
$79M
Current Price
$25.26
Our Position
bullishCaledonia locks $300M in financing for Bilboes project
est. revisions falling
(-1.5pp / 30d)
The dual financing structure — project debt plus equity-linked paper — funds a major expansion beyond Caledonia's existing 64% stake in the Blanket Mine without immediate equity dilution. Convertible demand at 4x the offering size suggests institutional confidence in the company's ability to scale production and deliver returns as the Bilboes project advances.
Watch: Watch for final lender approval and drawdown of the project financing by mid-2026. Construction milestones at Bilboes will confirm whether Caledonia can execute on the growth plan that attracted such strong convertible demand.
Data Signal Summary
0 bullish
3 bearish
Estimates down -6%
Put/call 2.1 (bearish skew)
Price downtrend
Key Context
Insider Activity
mixed
Price Trend
downtrend
From 52w High
-3.5%
P/E Ratio
9.2
Est. Revisions (30d)
-5.6% 0up/1dn
Analyst Target (mean)
$43 $36–$48 +69%
Options P/C Ratio
2.07
Est. Dispersion
0% 1 analysts
Recent Activity
insider trades
22 transactions
Other
·
Chester (Adam David Mark) (Senior Officer of Issuer)
·2,070 shares
Award
·
Jerrard (Ross Ian) (Senior Officer of Issuer)
·2,062 shares
·$46,580
Other
·
Learmonth (John Mark) (Director of Issuer)
·7,134 shares
Other
·
Yu (Susan) (Senior Officer of Issuer)
·903 shares
Other
·
Goldwasser (Lesley) (Director of Issuer)
17 more
Other
·
Goldwasser (Lesley)
·3,500 shr
·$104,230
Other
·
Gapare (Victor)
·7,457 shr
·$200,071
Other
·
Chester (Adam David Mark)
·9,135 shr
·$303,007
Other
·
Chester (Adam David Mark)
·865 shr
·$27,662
Other
·
Gapare (Victor)
·10,000 shr
·$184,500
Other
·
Gapare (Victor)
·2,280 shr
·$38,668
Other
·
Gapare (Victor)
·12,449 shr
·$180,137
Other
·
Yu (Susan)
Other
·
Goldwasser (Lesley)
·3,500 shr
·$104,230
Other
·
Allan Gray Proprietary Limited
·198,443 shr
Other
·
Allan Gray Proprietary Limited
·161,360 shr
Other
·
Learmonth (John Mark)
·29,817 shr
·$372,414
Other
·
Learmonth (John Mark)
·2,047 shr
·$21,649
Other
·
Allan Gray Proprietary Limited
·178,271 shr
Other
·
Allan Gray Proprietary Limited
·134,364 shr
Other
·
Allan Gray Proprietary Limited
·105,679 shr
Other
·
Allan Gray Proprietary Limited
·193,802 shr
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