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Caledonia Mining Corporation Plc (CMCL)
NYSE MKT:CMCL
Holding CMCL?
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Earnings Data
Report Date
Mar 19, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
$0.16Last Year’s EPS
$0.02Same Quarter Last Year
Moderate Buy
Based on 1 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Nov 11, 2024
|% Change Since: -36.99%
|Next Earnings Date:Mar 19, 2025
Earnings Call Sentiment|Neutral
The earnings call presented a mix of positive and negative aspects. Revenue and profit growth, along with promising exploration results at Motapa, were notable positives. However, these were tempered by a mine fatality, rising production costs, and significant foreign exchange losses due to Zimbabwe's volatile currency situation. The sentiment of the call is balanced, with both encouraging achievements and substantial challenges.Company Guidance
In the Q3 2024 earnings call for Caledonia Mining Corporation (CMCL), the executives provided several key metrics and insights into the company's performance and future guidance. The company produced just under 19,000 ounces of gold in the quarter and remains on track to achieve full-year guidance of 74,000 to 78,000 ounces. Revenue increased by 13.6%, driven by higher gold prices, which averaged over $2,400 per ounce in the quarter, leading to improved gross profit. However, net profit faced challenges from continued foreign exchange losses totaling $9.3 million for the year and increased production costs at the Blanket mine. The company highlighted cost control initiatives, such as power factor correction expected to save $1.3 million annually, and operational changes to improve efficiency. Caledonia also announced the sale of its solar plant for over $22 million, a strategic move to free up capital while continuing to benefit from reliable power generation. Additionally, the company declared another dividend of $0.14 per share, emphasizing a commitment to maintaining shareholder returns. The call also discussed encouraging preliminary exploration results at Motapa, with a focus on expanding resources through continued drilling activities in 2025 and 2026.Revenue Growth and Increased Gross Profit
Revenue increased by 13.6%, driven by a 28% increase in gold prices, resulting in a 7% rise in gross profit for the quarter.
Solar Plant Sale and Future Expansion
The solar plant constructed at a cost of $14 million is being sold for over $22 million, with plans to continue receiving power from it. The new owner is assessing an additional 8 megawatt expansion, potentially saving $1.6 million annually.
Positive Exploration Results at Motapa
Encouraging exploration results were reported at Motapa, with significant oxide potential identified. Plans to focus on this area in 2025 and 2026 are underway, indicating potential for future resources.
Continued Dividend Payments
The company declared another dividend of $0.14, maintaining its commitment to shareholder returns despite other capital demands.
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CMCL Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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CMCL Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Nov 11, 2024 | $14.79 | $13.25 | -10.41% |
| Aug 12, 2024 | $10.23 | $10.64 | +4.01% |
| May 13, 2024 | $10.03 | $9.76 | -2.69% |
| Mar 28, 2024 | $10.42 | $10.66 | +2.30% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Caledonia Mining Corporation Plc (CMCL) report earnings?
Caledonia Mining Corporation Plc (CMCL) is schdueled to report earning on Mar 19, 2025, TBA Not Confirmed.
What is Caledonia Mining Corporation Plc (CMCL) earnings time?
Caledonia Mining Corporation Plc (CMCL) earnings time is at Mar 19, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is CMCL EPS forecast?
CMCL EPS forecast for the fiscal quarter 2024 (Q4) is $0.16.
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