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Robust Gold Demand Will Unlock Bilboes Project Potential

Published
11 Mar 25
Updated
24 Sep 25
AnalystConsensusTarget's Fair Value
US$37.50
7.2% undervalued intrinsic discount
24 Sep
US$34.79
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1Y
122.9%
7D
-4.2%

Author's Valuation

US$37.57.2% undervalued intrinsic discount

AnalystConsensusTarget Fair Value

Shared on24 Sep 25
Fair value Increased 36%

The analyst price target for Caledonia Mining was raised on the back of higher-than-expected Q2 gold production, improved 2025 production guidance, and stronger projected free cash flow supporting debt reduction and dividends, driving the consensus fair value up from $27.50 to $37.50. Analyst Commentary Higher-than-expected gold production reported in Q2 from the primary Zimbabwean mine.

Shared on04 Sep 25

Analysts maintained their $27.50 price target for Caledonia Mining, citing stronger-than-expected gold production, upwardly revised 2025 output guidance, and improved projected free cash flow supporting dividends and debt reduction. Analyst Commentary Bullish analysts highlight stronger-than-expected Q2 gold production from Caledonia Mining’s primary Zimbabwean mine.

Shared on01 May 25
Fair value Increased 41%

Shared on24 Apr 25
Fair value Increased 3.56%

AnalystConsensusTarget made no meaningful changes to valuation assumptions.

Shared on17 Apr 25

AnalystConsensusTarget made no meaningful changes to valuation assumptions.

Shared on09 Apr 25
Fair value Decreased 9.75%

AnalystConsensusTarget made no meaningful changes to valuation assumptions.

Shared on02 Apr 25
Fair value Increased 30%

Shared on26 Mar 25

AnalystConsensusTarget made no meaningful changes to valuation assumptions.

Shared on19 Mar 25
Fair value Decreased 21%

AnalystConsensusTarget has decreased revenue growth from 12.5% to 7.6%, decreased profit margin from 30.8% to 23.0%, increased future PE multiple from 5.7x to 7.9x and decreased shares outstanding growth rate from 0.0% to 0.0%.