CMCL Caledonia Mining Corporation Plc

bullish track record → $25.26 +0.66 (+2.7%)
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Mkt Cap $505M P/E 9.2 fwd 5.0 52wk $12.35 - $38.75 Earnings 2026-05-11 52d ago
Factor divergence: DIVERGENCE: options_sentiment bullish vs estimate_revisions, analyst_revisions, narrative_gap bearis
Est. revisions: -5.6%
Factor Model (net -1.9)

Factor Model

net -1.9 4.6 / 10
Est. Revisions
-0.4
Insider Activity
+0.0
Momentum
+0.0
Analyst Rev.
-1.0
Narrative Gap
-0.5

Caledonia locks $300M in financing for Bilboes project

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.

Caledonia Mining secured two separate $150 million financing packages to advance its Bilboes gold project in Zimbabwe. The first is a project financing facility led by Stanbic Bank Zimbabwe and CBZ Bank Limited, expected to close by mid-2026 pending lender approvals. The second is a 7-year convertible senior notes offering that attracted over $600 million in investor demand — four times oversubscribed — signaling strong institutional appetite for the story.

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.

Evidence

32d ago Caledonia Mining Q4 Earnings Call Highlights yahoo-finance
52d ago Caledonia Mining Corporation Plc (CMCL) Secures $150M Financing to Advance Bilboes Project yahoo-finance
54d ago Caledonia Mining Corporation Plc (CMCL) Secures $150M Financing to Advance Bilboes Project yahoo-finance
Fundamentals & Data ▾
Caledonia Mining Corporation Plc Basic Materials · Gold
Mkt Cap
$505M
P/E
9.2 fwd 5.0
Beta
0.62
Div Yield
214.00%
52w Range
$12.35 - $38.75
Short Interest
1.3M 7.83%
Days to Cover
5.3 +7%
Technicals downtrend
from 52w Hi
-3.5%
1w return
-3.5%
Insiders
mixed 0B / 0S
EPS Estimate
$0.67 -5.6% 30d 0up / 1dn
Est. Dispersion
0% 1 analysts
Analyst Target
$43 $36 - $48
Options P/C
2.07
Financials
Revenue
$71M +52% YoY
FCF
$6M
Gross Margin
52%
Op Margin
44%
Momentum: decelerating
Recent Filings & Data
insider trade 22
net selling
7 insiders · 22 transactions (30d)
Recent transactions
Chester (Adam David Mark) · other
Jerrard (Ross Ian) · award · $46,580
Learmonth (John Mark) · other
Yu (Susan) · other
Goldwasser (Lesley) · other
Goldwasser (Lesley) · other · $104,230
Gapare (Victor) · other · $200,071
Chester (Adam David Mark) · other · $303,007
Chester (Adam David Mark) · other · $27,662
Gapare (Victor) · other · $184,500
Gapare (Victor) · other · $38,668
Gapare (Victor) · other · $180,137
Yu (Susan) · other
Goldwasser (Lesley) · other · $104,230
Allan Gray Proprietary Limited · other
Allan Gray Proprietary Limited · other
Learmonth (John Mark) · other · $372,414
Learmonth (John Mark) · other · $21,649
Allan Gray Proprietary Limited · other
Allan Gray Proprietary Limited · other
Allan Gray Proprietary Limited · other
Allan Gray Proprietary Limited · other
3 signals · latest 32d ago

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