Search This Blog

Friday, October 6, 2017

Stock Idea…Caledonia Mining Corp PLC



Stock Idea…Caledonia Mining Corp PLC

Symbol : CAL
Exchange: TSX
Market Cap : 77.0 Million
Revenue : 65 Million
Three Year Revenue Growth : -0.7 %
Investment Type : Micro Cap Value/Growth
Price/Earnings : 8.4
Forward P/E : 182.5
Price/Book : 1.1
Price/Sales : 1.0
Price/Cash Flow : 3.0
Price : 7.30
Investment Stem : Cheap Small Cap Screen

Caledonia Mining Corp PLC and its subsidiaries are engaged in the operation of a gold mine and the exploration and development of mineral properties for precious metals. Its segments include Corporate, Zimbabwe, South Africa and Zambia.

Caledonia Mining Corporation Plc is primarily involved in the operation of a gold mine, and the exploration and development of mineral properties for precious metals. The Company's activities are focused on the Blanket Mine in Zimbabwe. Its segments include Corporate, Zimbabwe, South Africa and Zambia. The Corporate segment includes the Company and Greenstone Management Services Limited (UK) responsible for administrative functions. The Zimbabwe segments include Caledonia Holdings Zimbabwe Limited and subsidiaries. The Zambia segments consist of Nama copper project and cobalt project. The South Africa segment comprises a gold mine, as well as sales made by Caledonia Mining South Africa Proprietary Limited to the Blanket Mine. The Blanket Mine is located approximately 560 kilometers south of Harare and over 150 kilometers south of Bulawayo. It has exploration title holdings in the Gwanda Greenstone Belt totaling approximately 80 claims, covering a total area of over 2,500 hectares.


The dreaded metrics from Morningstar…


The company’s website…


An article from seeking alpha from 2016...


Another company which came up in my cheap small caps scan of the Canadian market. Very cheap with surprisingly good operational metrics. Has a dividend yield of 4.80 percent which is very rare for a micro cap gold miner. Capex is expected to drop dramatically starting next year. Allan Gray (South Africa Institution) owns 19.8 percent of the company. There are risks of course but as far as I can see they have already been discounted into the company’s stock price. Not trading too far above its tangible book value. A very interesting investment idea especially for the longer term. Is listed on the NYSE as CMCL






No comments:

Post a Comment