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
19 Sep 25	Sell€281,533	Adam Chester	Individual	10,000	€28.24
11 Jun 25	Buy€160,663	Victor Gapare	Individual	10,000	€16.07
11 Jun 25	Buy€160,663	Victor Gapare	Individual	10,000	€16.07
20 May 25	Buy€34,346	Victor Gapare	Individual	2,280	€15.06
19 May 25	Buy€194,343	Victor Gapare	Individual	14,729	€15.06
15 May 25	Buy€161,043	Victor Gapare	Individual	12,449	€12.94

Insider Trading Volume

Insider Buying: 9CD1 insiders have only sold shares in the past 3 months.

Ownership Breakdown

What is the ownership structure of 9CD1?
Owner Type	Number of Shares	Ownership Percentage
Private Companies	0	0%
VC/PE Firms	1,922,858	9.96%
Individual Insiders	2,753,786	14.3%
General Public	5,284,221	27.4%
Institutions	9,343,919	48.4%

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

Top Shareholders

Top 25 shareholders own 61.89% of the company

Ownership	Name	Shares	Current Value	Change %	Portfolio %
12.6%	Victor Gapare	2,435,915	€51.5m	0%	no data
9.96%	Shining Cuisine Investment Management	1,922,858	€40.6m	0%	90.72%
5.72%	Allan Gray Proprietary Ltd.	1,104,376	€23.3m	0%	0.19%
5.26%	BlackRock, Inc.	1,014,979	€21.4m	-2%	no data
3.34%	Allan Gray Bermuda Limited	644,151	€13.6m	-17.7%	2.22%
2.95%	Baker Steel Capital Managers LLP	570,000	€12.0m	0%	0.74%
2.7%	American Century Investment Management Inc	521,477	€11.0m	20.3%	no data
2.59%	Konwave AG (Gold 2000)	500,400	€10.6m	0%	0.51%
2.56%	Van Eck Associates Corporation	493,394	€10.4m	-3.71%	0.01%
2.21%	Dimensional Fund Advisors LP	426,913	€9.0m	2.2%	no data
1.4%	Bridgeway Capital Management, LLC	271,000	€5.7m	7.72%	0.09%
1.37%	State Street Global Advisors, Inc.	265,359	€5.6m	8.96%	no data
1.21%	Goehring & Rozencwajg Associates, LLC	234,065	€4.9m	0.86%	0.51%
1.12%	John Learmonth	216,848	€4.6m	0%	no data
1.06%	Geode Capital Management, LLC	204,912	€4.3m	-0.2%	no data
0.8%	Epoch Investment Partners, Inc.	153,624	€3.2m	0%	0.05%
0.75%	Segall Bryant & Hamill, LLC	145,543	€3.1m	-5.7%	0.04%
0.68%	The Vanguard Group, Inc.	131,889	€2.8m	28.3%	no data
0.6%	Marshall Wace LLP	116,150	€2.5m	-29.4%	no data
0.53%	GlobeFlex Capital LP	102,636	€2.2m	6.87%	0.29%
0.52%	U.S. Global Investors, Inc.	100,754	€2.1m	0%	0.17%
0.51%	Invesco Ltd.	99,173	€2.1m	1,360%	no data
0.49%	Northern Trust Global Investments	94,486	€2.0m	1.94%	no data
0.47%	Wealth Builder Funds, LLC	91,494	€1.9m	0%	2.01%
0.44%	Los Angeles Capital Management LLC	85,673	€1.8m	-22.7%	0.01%

Company Analysis and Financial Data Status

Data	Last Updated (UTC time)
Company Analysis	2025/12/10 12:10
End of Day Share Price	2025/12/10 00:00
Earnings	2025/09/30
Annual Earnings	2024/12/31

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 10 analysts. 3 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
William Thomas Dymott	Cavendish