CMCL trades 19.0% 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 6.8x. 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 November 8, 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 $21.30, this represents a potential downside of -19.0%. The company has a market capitalization of $411M.
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 6.3x and forward P/E of 6.8x. The forward PEG ratio of 0.65 suggests the stock may be undervalued relative to its growth. Analysts expect EPS to grow -7.0% over the next year.
Our proprietary valuation model, which blends historical multiples with forward estimates, suggests a base-case price target of $23.58, with bear and bull scenarios of $14.85 and $31.07 respectively. Model confidence stands at 46/100, suggesting limited visibility into future performance.
| Company | Market Cap | Price | Target | Upside Potential | Rating | Fwd P/E | Analysts |
|---|---|---|---|---|---|---|---|
 BTGB2Gold Corp. | $7.2B | $5.40 | $6.17 | +14.3% | Buy | 9.6x | 9 |
 EGOEldorado Gold Corporation | $7.6B | $35.58 | $44.67 | +25.5% | Hold | 12.7x | 24 |
 GOROGoldgroup Mining Inc. | $237M | $3.15 | $2.00 | -36.5% | Buy | 9.2x | 4 |
 MUXMcEwen Mining Inc. | $925M | $15.48 | $29.50 | +90.6% | Buy | 15.3x | 7 |
 AEMAgnico Eagle Mines Limited | $97.0B | $191.57 | $216.17 | +12.8% | Buy | 16.6x | 31 |
 KGCKinross Gold Corporation | $26.6B | $22.24 | $35.60 | +60.1% | Buy | 9.0x | 29 |
 AUAngloGold Ashanti plc | $47.0B | $92.99 | $109.50 | +17.8% | Buy | 10.7x | 15 |
 HMYHarmony Gold Mining Company Limited | $10.7B | $17.17 | — | — | Hold | 0.4x | 10 |
 DRDDRDGOLD Limited | $222M | $25.48 | $35.00 | +37.4% | Buy | 0.5x | 5 |
 SBSWSibanye Stillwater Limited | $7.6B | $9.50 | $14.25 | +50.0% | Buy | 0.3x | 14 |
Quick answers to the most common questions about buying CMCL stock.
CMCL's consensus price target is $17.25, -19.0% below the current price of $21.3. 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 -19.0% downside from current levels.
With a forward P/E of 6.7602x, CMCL trades at a relatively low valuation. The consensus target of $17.25 implies -19.0% 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 46/100.
CMCL trades at a forward P/E ratio of 6.8x based on next-twelve-months earnings estimates compared to a trailing P/E of 6.3x. The higher forward P/E suggests near-term earnings pressure. 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 (-19.0% 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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