Caledonia Mining

LN: CMCL

Market Cap£48m

Last Close 453p

Caledonia Mining mines gold at its main operating asset, the 49%-owned Blanket gold mine in southern Zimbabwe. It is also progressing its understanding of a number of promising satellite projects close to Blanket.

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Investment summary

Edison Investment Research is terminating coverage on Caledonia Mining (CMCL). Please note you should no longer rely on any previous research or estimates for this company. All forecasts should now be considered redundant.

Y/E Dec
Revenue (US$m)
EBITDA (US$m)
PBT (US$m)
EPS (c)
P/E (x)
P/CF (x)
2016A 62.0 23.3 19.6 106.9 5.5 2.4
2017A 69.8 26.2 22.4 79.0 7.5 2.2
2018E 74.7 29.8 24.9 170.4 3.5 2.0
2019E 80.8 40.1 33.9 223.1 2.7 1.8
Content on Caledonia Mining
Caledonia Mining – Termination of coverage
Metals & mining | Termination | 28 November 2018
gold flake
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Sector
Metals & mining
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Share price graph
Balance sheet
Forecast net cash (US$m) 14.9
Forecast gearing ratio (%) N/A
Price performance
%
1m
3m
12m
Actual (5.6) (19.1) (8.5)
Relative* (6.7) (12.3) (3.5)
52-week high/low 702.5p/419.0p
*% relative to local index
Key management
Leigh Alan Wilson Chairman
Steve Curtis CEO
Mark Learmonth CFO
Maurice Mason Head of IR