News about Caledonia Mining

Caledonia Mining (CMCL) cut its full-year 2026 gold production guidance for the Blanket Mine to 69,000 to 72,500 ounces after softer third-quarter output. The shares, at US$23.41, were down just under 3% over 7 and 30 days, but the 90-day return was up 28.2% and the 3-year total shareholder return rose 140.09%. One popular narrative sees fair value at $49.43 and the stock as undervalued, while the Simply Wall St DCF model puts fair value near $7.17 per share, framing the price as rich. The article says the debate hinges on Zimbabwe risk and whether the Bilboes project delivers as modeled.