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CMCL Caledonia Mining Corporation Plc

1,175.00
20.00 (1.73%)
11 Oct 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Caledonia Mining Corporation Plc LSE:CMCL London Ordinary Share JE00BF0XVB15 COM SHS NPV (DI)
  Price Change % Change Share Price Shares Traded Last Trade
  20.00 1.73% 1,175.00 3,228 16:21:38
Bid Price Offer Price High Price Low Price Open Price
1,150.00 1,200.00 1,175.00 1,155.00 1,155.00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Gold Ores USD 138.94M USD -4.2M USD -0.2188 -72.90 221.62M
Last Trade Time Trade Type Trade Size Trade Price Currency
16:21:26 O 105 1,180.00 GBX

Caledonia Mining (CMCL) Latest News

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Date Time Title Posts
09/10/202419:45Caledonia Mining - Zimbabwe Gold Recovery Play?990
01/2/202015:09CMCL - Buying Big Time for 1000% Profit111
20/9/201810:37Caledonia Mining (CMCL) One to Watch -
24/5/201813:54Caledonia Mining (CMCL) Numbers Revealed1
01/10/201722:29CMCL1

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Caledonia Mining (CMCL) Top Chat Posts

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Posted at 12/10/2024 09:20 by Caledonia Mining Daily Update
Caledonia Mining Corporation Plc is listed in the Gold Ores sector of the London Stock Exchange with ticker CMCL. The last closing price for Caledonia Mining was 1,155p.
Caledonia Mining currently has 19,188,073 shares in issue. The market capitalisation of Caledonia Mining is £306,049,764.
Caledonia Mining has a price to earnings ratio (PE ratio) of -72.90.
This morning CMCL shares opened at 1,155p
Posted at 21/8/2024 08:53 by stemis
Incredible to think that CMCL was double today's price, just over 4 years ago when the gold price was around $2,000/oz. Ok, there's been some dilution (11.5m shares to 19.2m) and some (hopefully, at least in part, temporary) increase in costs of maybe $200-300/oz, but also higher production 55k->75k and ownership of Bilboe. On a comparable basis I'd say the share price should be at least the same level as 4 years ago, not even attributing any value to Bilboe.
Posted at 10/7/2024 07:44 by pj84
Good production update let's hope combined with the high gold price this starts to have a positive effect on the share price.
Posted at 19/6/2024 10:02 by pj84
Rich countries plan to buy more gold despite record price
From the above article

“Around 13 per cent of advanced economies plan to increase their gold holdings in the next year, up from around 8 per cent last year and the highest level since the survey began. That follows the lead of emerging market central banks, which have been the main purchasers of gold since the 2008 global financial crisis.
Meanwhile, a rising proportion of advanced economies — 56 per cent, up from 46 per cent last year — also think the dollar’s share of global reserves will fall over the next 5 years. Among emerging market central banks, 64 per cent share this view.”

and

“The consecutive years of record buying, the pace of which has continued into this year, has been a driving factor behind gold’s rally to nearly $2,450 per troy ounce last month. It is up 42 per cent since the Israel-Hamas conflict began in October.
The dollar’s share of global foreign exchange reserves — excluding gold — has plummeted from more than 70 per cent in 2000 to around 55 per cent last year, stripping out the effect of US dollar appreciation, according to research from the IMF this month. Including gold, the dollar’s share has dropped below half, the WGC says.”

This should eventually feed into Caledonia's share price.
Posted at 03/6/2024 19:47 by pj84
I must admit I have been surprised with the poor share price recently particularly with the price of gold as well as the recent RNS indicating a payback in 1.9 years meaning 8 years of pure profit after payback.
Posted at 04/3/2024 11:16 by stemis
I've held these shares for quite a while, from below the current price, and had a lot of dividends. Hopefully this is just a temporary issue. However it does hit the credibility of management who previously were a safe pair of hands and casts a shadow on how they are possibly going to fund development of Bilboes without having built up a big cash balance and the share price on its *rse. The danger is we have bought (diluting shareholders in the process) a white elephant. Management have a lot to do to demonstrate a way forward from here.
Posted at 27/12/2023 10:27 by stemis
Gold price pretty much at an all time high and yet CMCL share price half it's all time high...
Posted at 15/5/2023 08:39 by papillon
No wonder the CMCL share price has been weak recently! Very poor Q1 figures announced this morning
Posted at 21/3/2023 19:47 by papillon
It was overbought yesterday, as was the gold price, according to the 14 day RSI so today's fall in the gold price and hence the CMCL share price is not a surprise.
Posted at 03/6/2021 12:37 by papillon
There is a lovely bottoming out process going in the CMCL chart. Like the left hand side of a big cup. The fundamentals look good for gold (and CMCL) going by last week's RNS. I expect the right hand side of that big cup to start to form soon. Could be that in H1 2022 we are looking at the CMCL share price retesting last summer's high. All dependent on the gold price rising in line with analyst's forecasts, of course.
Posted at 25/1/2021 10:12 by stemis
It's sometimes hard to know what drives the CMCL share price. At the moment all the news seems to be positive. We are heading quickly towards 80,000 oz at an all in cash cost of under $850/oz. At the current gold price of $1,850/oz that would produce >$80m a year. Current market value is around $188m (inc. $21m of cash, although a chunk of that is earmarked for the solar plant).

It's a pain to have the share price drop by 1/3 but as long as CMCL keep delivering operationally I'm confident the price will eventually recover.
Caledonia Mining share price data is direct from the London Stock Exchange

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