CMCL trades 17.3% above Wall Street's consensus target of $17.25.
Last 12 months price action with 12-month analyst target path
The base valuation assumes CMCL achieves its forward estimates and maintains a stable P/E multiple of 5.5x. This scenario reflects the blended consensus of 2 Wall Street analysts, balancing both positive catalysts and macroeconomic headwinds over the next 12 months.
As of June 22, 2026, Caledonia Mining Corporation Plc (CMCL) has a Wall Street consensus price target of $17.25, based on estimates from 2 covering analysts. With the stock currently trading at $20.86, this represents a potential downside of -17.3%. The company has a market capitalization of $403M.
Analyst price targets range from a low of $13.50 to a high of $21.00, representing a 43% spread in expectations. The median target of $17.25 aligns closely with the consensus average.
The current analyst consensus rating is Buy, with 2 analysts rating the stock as a Buy or Strong Buy,0 rating it Hold, and 0 rating it Sell or Strong Sell. This overwhelmingly bullish sentiment suggests analysts see significant catalysts for upside ahead.
From a valuation perspective, CMCL trades at a trailing P/E of 7.4x and forward P/E of 5.5x. The forward PEG ratio of 0.53 suggests the stock may be undervalued relative to its growth. Analysts expect EPS to grow +21.3% over the next year.
Our proprietary valuation model, which blends historical multiples with forward estimates, suggests a base-case price target of $23.71, with bear and bull scenarios of $14.94 and $31.24 respectively. Model confidence stands at 42/100, suggesting limited visibility into future performance.
| Company | Market Cap | Price | Target | Upside Potential | Rating | Fwd P/E | Analysts |
|---|---|---|---|---|---|---|---|
BTGB2Gold Corp. | $5.8B | $4.30 | $6.50 | +51.2% | Buy | 5.9x | 9 |
EGOEldorado Gold Corporation | $6.5B | $33.05 | $52.67 | +59.4% | Hold | 8.2x | 24 |
GOROGold Resource Corporation | $183M | $1.33 | $2.00 | +50.4% | Buy | 26.6x | 4 |
MUXMcEwen Mining Inc. | $1.2B | $19.38 | $30.00 | +54.8% | Buy | 14.8x | 7 |
AEMAgnico Eagle Mines Limited | $83.5B | $166.66 | $248.17 | +48.9% | Buy | 12.2x | 31 |
KGCKinross Gold Corporation | $31.9B | $26.67 | $45.33 | +70.0% | Buy | 8.8x | 29 |
AUAngloGold Ashanti Plc | $45.9B | $90.87 | $148.00 | +62.9% | Buy | 9.0x | 14 |
HMYHarmony Gold Mining Company Limited | $10.6B | $17.01 | — | — | Hold | 0.3x | 10 |
DRDDRDGOLD Limited | $2.1B | $24.37 | $46.50 | +90.8% | Buy | 0.4x | 5 |
SBSWSibanye Stillwater Limited | $6.8B | $9.67 | $21.40 | +121.3% | Hold | 0.2x | 12 |
Quick answers to the most common questions about buying CMCL stock.
CMCL's consensus price target is $17.25, -17.3% below the current price of $20.86. The 2 analysts tracking CMCL see downside risk at present valuations.
CMCL has a consensus rating of "Buy" based on 2 Wall Street analysts. The rating breakdown is predominantly bullish, with 2 Buy/Strong Buy ratings. The consensus 12-month price target of $17.25 implies -17.3% downside from current levels.
With a forward P/E of 5.4831x, CMCL trades at a relatively low valuation. The consensus target of $17.25 implies -17.3% move, suggesting the market may be pricing in risks.
The most bullish Wall Street analyst has a price target of $21 for CMCL, while the most conservative target is $13.5. The consensus of $17.25 represents the median expectation. Our quantitative valuation model projects a bull case target of $31 based on optimistic growth and margin assumptions. These targets typically reflect 12-month expectations.
CMCL is lightly followed, with 2 analysts providing price targets and ratings. Of these, 0 have Strong Buy ratings, 2 have Buy ratings, 0 recommend Hold, and 0 have Sell or Strong Sell ratings. Higher analyst coverage generally indicates greater institutional interest and more reliable consensus estimates.
The 12-month CMCL stock forecast based on 2 Wall Street analysts shows a consensus price target of $17.25, with estimates ranging from $13.5 (bear case) to $21 (bull case). The median consensus rating is "Buy". Our proprietary valuation model produces a base case fair value of $24, with bear/bull scenarios of $15/$31.
Our quantitative valuation model calculates CMCL's fair value at $24 (base case), with a bear case of $15 and bull case of $31. The model uses discounted cash flow analysis, historical growth rates, and margin mean-reversion to project FY+2 earnings, then applies an appropriate P/E multiple. The model confidence score is 42/100.
CMCL trades at a forward P/E ratio of 5.5x based on next-twelve-months earnings estimates compared to a trailing P/E of 7.4x. The lower forward P/E indicates analysts expect earnings growth. A forward P/E is useful for comparing valuations when earnings are expected to change significantly.
Analysts are cautious on CMCL, with 0 Sell ratings and a price target of $17.25 (-17.3% from current price). The "Buy" consensus suggests careful evaluation before buying. This information is for educational purposes only. Always conduct your own research, consider your financial situation, and consult a financial advisor before making investment decisions.
CMCL analyst price targets range from $13.5 to $21, a 43% moderate spread showing some variance in outlooks. Differences stem from varying assumptions about revenue growth, profit margins, competitive dynamics, and valuation multiples. The $17.25 consensus represents the middle ground. Our model's $15-$31 range provides an independent fundamental perspective.
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