Caledonia Mining Ownership

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

Recent Insider Transactions

NYSEAM:CMCL Recent Insider Transactions by Companies or Individuals
Date	Value	Name	Entity	Shares	Max Price
18 May 26	SellUS$460,500	Fremiro Investments (Private) Limited	Company	20,000	US$23.02
13 May 26	BuyUS$372,150	July Ndlovu	Individual	15,000	US$24.81
13 May 26	BuyUS$372,150	July Ndlovu	Individual	15,000	US$24.81
03 Feb 26	BuyUS$104,230	Lesley Goldwasser	Individual	3,500	US$29.78
23 Dec 25	BuyUS$200,071	Victor Gapare	Individual	7,457	US$26.83
22 Dec 25	BuyUS$200,071	Victor Gapare	Individual	7,457	US$26.83
19 Sep 25	SellUS$330,671	Adam Chester	Individual	10,000	US$33.17
11 Jun 25	BuyUS$184,500	Victor Gapare	Individual	10,000	US$18.45
11 Jun 25	BuyUS$184,500	Victor Gapare	Individual	10,000	US$18.45

Insider Trading Volume

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

Ownership Breakdown

What is the ownership structure of CMCL?
Owner Type	Number of Shares	Ownership Percentage
State or Government	0	0%
Private Companies	547,266	2.83%
VC/PE Firms	1,922,858	9.96%
Individual Insiders	2,742,819	14.2%
General Public	3,620,672	18.7%
Institutions	10,479,413	54.3%

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

Top Shareholders

Top 25 shareholders own 60.95% of the company

Ownership	Name	Shares	Current Value	Change %	Portfolio %
12.7%	Victor Gapare	2,450,829	US$48.3m	0.31%	no data
9.96%	Shining Cuisine Investment Management	1,922,858	US$37.9m	0%	100.0%
4.8%	BlackRock, Inc.	927,069	US$18.3m	-17.6%	no data
2.95%	Baker Steel Capital Managers LLP	570,000	US$11.2m	0%	0.59%
2.83%	Fremiro Investments (Private) Limited	547,266	US$10.8m	-3.53%	no data
2.82%	Dimensional Fund Advisors LP	544,657	US$10.7m	18.9%	no data
2.65%	Konwave AG (Gold 2000)	512,447	US$10.1m	0%	0.28%
2.16%	Van Eck Associates Corporation	417,525	US$8.2m	-15.5%	no data
2.09%	Alyeska Investment Group, L.P.	402,714	US$7.9m	0%	0.02%
1.8%	Invesco Ltd.	348,075	US$6.9m	181%	no data
1.7%	Nomura Holdings, Inc.	328,650	US$6.5m	0%	0.02%
1.51%	Bridgeway Capital Management, LLC	290,700	US$5.7m	7.16%	0.07%
1.49%	American Century Investment Management Inc	287,212	US$5.7m	-51%	no data
1.34%	State Street Global Advisors, Inc.	258,217	US$5.1m	0.61%	no data
1.16%	John Learmonth	223,982	US$4.4m	3.29%	no data
1.07%	Geode Capital Management, LLC	206,021	US$4.1m	2.57%	no data
1%	Arrowstreet Capital, Limited Partnership	193,812	US$3.8m	112%	no data
0.99%	Acadian Asset Management LLC	191,474	US$3.8m	1,200%	no data
0.95%	Two Sigma Investments, LP	182,974	US$3.6m	1,360%	no data
0.92%	Mizuho Financial Group, Inc.	177,134	US$3.5m	0%	0.01%
0.87%	Vanguard Portfolio Management, LLC	168,759	US$3.3m	0%	no data
0.85%	GlobeFlex Capital LP	163,383	US$3.2m	0%	0.35%
0.82%	Jacobs Levy Equity Management Inc	159,263	US$3.1m	0%	0.01%
0.79%	Goehring & Rozencwajg Associates, LLC	153,264	US$3.0m	-7.28%	0.16%
0.74%	Tudor Investment Corporation	143,682	US$2.8m	50%	0.01%

Company Analysis and Financial Data Status

Data	Last Updated (UTC time)
Company Analysis	2026/06/09 04:45
End of Day Share Price	2026/06/09 00:00
Earnings	2026/03/31
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 8 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