Caledonia Mining Ownership

Who are the major shareholders and have insiders been buying or selling?

Recent Insider Transactions

DB:9CD1 Recent Insider Transactions by Companies or Individuals
Date	Value	Name	Entity	Shares	Max Price
13 Aug 26	Buy€427,195	July Ndlovu	Individual	21,400	€19.96
13 Aug 26	Buy€427,195	July Ndlovu	Individual	21,400	€19.96
11 Jun 26	Buy€190,677	Victor Gapare	Individual	11,750	€16.23
11 Jun 26	Buy€190,677	Victor Gapare	Individual	11,750	€16.23
11 Jun 26	Buy€190,677	Victor Gapare	Individual	11,750	€16.23
18 May 26	Sell€395,661	Fremiro Investments (Private) Limited	Company	20,000	€19.78
13 May 26	Buy€317,816	July Ndlovu	Individual	15,000	€21.19
13 May 26	Buy€317,816	July Ndlovu	Individual	15,000	€21.19
03 Feb 26	Buy€88,231	Lesley Goldwasser	Individual	3,500	€25.21
23 Dec 25	Buy€169,901	Victor Gapare	Individual	7,457	€22.78
22 Dec 25	Buy€170,161	Victor Gapare	Individual	7,457	€22.82
19 Sep 25	Sell€281,533	Adam Chester	Individual	10,000	€28.24

Insider Trading Volume

Insider Buying: 9CD1 insiders have bought more shares than they have sold in the past 3 months.

Ownership Breakdown

What is the ownership structure of 9CD1?
Owner Type	Number of Shares	Ownership Percentage
Private Companies	547,266	2.83%
VC/PE Firms	1,922,858	9.94%
Individual Insiders	2,982,601	15.4%
General Public	3,291,795	17%
Institutions	10,590,559	54.8%

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.

Top Shareholders

Top 25 shareholders own 63.7% of the company

Ownership	Name	Shares	Current Value	Change %	Portfolio %
12.7%	Victor Gapare	2,455,122	€52.1m	0.48%	no data
9.94%	Shining Cuisine Investment Management	1,922,858	€40.8m	0%	100.0%
5.11%	BlackRock, Inc.	988,271	€21.0m	-13.5%	no data
3.16%	Dimensional Fund Advisors LP	611,606	€13.0m	12.3%	no data
2.95%	Baker Steel Capital Managers LLP	570,000	€12.1m	0%	0.7%
2.83%	Fremiro Investments (Private) Limited	547,266	€11.6m	-3.53%	no data
2.65%	Konwave AG (Gold 2000)	512,447	€10.9m	0%	0.32%
2.26%	American Century Investment Management Inc	437,785	€9.3m	52.4%	no data
2.2%	Van Eck Associates Corporation	425,266	€9.0m	1.85%	0.01%
1.87%	Mackenzie Financial Corporation	361,528	€7.7m	430%	0.01%
1.81%	Invesco Ltd.	349,815	€7.4m	0.5%	no data
1.67%	Nomura Holdings, Inc.	323,426	€6.9m	-1.59%	0.02%
1.39%	Bridgeway Capital Management, LLC	269,574	€5.7m	-7.27%	0.08%
1.38%	State Street Investment Management	267,591	€5.7m	3.63%	no data
1.3%	Millennium Management LLC	251,630	€5.3m	136%	no data
1.3%	July Ndlovu	250,489	€5.3m	1,570%	no data
1.2%	Geode Capital Management, LLC	232,785	€4.9m	13%	no data
1.16%	John Learmonth	223,982	€4.8m	3.29%	no data
1.13%	Jacobs Levy Equity Management Inc	218,460	€4.6m	37.2%	0.02%
1.12%	Alyeska Investment Group, L.P.	217,354	€4.6m	-46%	0.01%
1.03%	Columbia Management Investment Advisers, LLC	198,433	€4.2m	68.8%	no data
0.96%	Mizuho Financial Group, Inc.	185,569	€3.9m	4.76%	0.01%
0.86%	Goldman Sachs Asset Management, L.P.	166,631	€3.5m	98.6%	no data
0.85%	Marshall Wace LLP	165,164	€3.5m	93.7%	no data
0.85%	GlobeFlex Capital LP	163,383	€3.5m	0%	0.41%

Company Analysis and Financial Data Status

Data	Last Updated (UTC time)
Company Analysis	2026/08/23 03:14
End of Day Share Price	2026/08/21 00:00
Earnings	2026/06/30
Annual Earnings	2025/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

Package	Data	Timeframe	Example US Source ^*
Company Financials	10 years	Income statement Cash flow statement Balance sheet	SEC Form 10-K SEC Form 10-Q
Analyst Consensus Estimates	+3 years	Forecast financials Analyst price targets	Analyst Research Reports Blue Matrix
Market Prices	30 years	Stock prices Dividends, Splits and Actions	ICE Market Data SEC Form S-1
Ownership	10 years	Top shareholders Insider trading	SEC Form 4 SEC Form 13D
Management	10 years	Leadership team Board of directors	SEC Form 10-K SEC Form DEF 14A
Key Developments	10 years	Company announcements	SEC Form 8-K

^* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

Caledonia Mining Corporation Plc is covered by 9 analysts. 4 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

Analyst	Institution
Dmitry Kalachev	Canaccord Genuity
null null	Cantor Fitzgerald Canada Corporation
Li Low	Cavendish