Caledonia MiningCMCL -0.51%91 Gross Margin % is 48.32% as of Mar. 2026, which is 16% above its 10-year median of 41.57. GuruFocus rates CMCL with a GF Score™ of 91/100 and a GF Value™ of $20.85 (Fairly Valued). The stock has 5 warning signs investors should review. Among 730 Metals & Mining companies, Caledonia Mining ranks better than 75.34% on this metric.
Warren Buffett believes that firms with excellent long term economics tend to have consistently higher margins.
Durable competitive advantage creates a high Gross Margin % because of the freedom to price in excess of cost. Companies can be categorized by their Gross Margin %
1. Greater than 40% = Durable competitive advantage
2. Less than 40% = Competition eroding margins
3. Less than 20% = no sustainable competitive advantage
Consistency of Gross Margin is key
Caledonia Mining had a gross margin of 48.32% for the quarter that ended in Mar. 2026 => Durable competitive advantage
Be Aware
If a company loses its competitive advantages, usually its gross margin declines well before its sales declines. Watching Gross Margin % and Operating Margin % closely helps avoid value trap situations.
Caledonia Mining Gross Margin % Related Terms
Caledonia Mining Gross Margin % Historical Data
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The historical data trend for Caledonia Mining's Gross Margin % can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
For the Gold subindustry, Caledonia Mining's Gross Margin %, along with its competitors' market caps and Gross Margin % data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Caledonia Mining Gross Margin % vs Metals & Mining Industry
For the Metals & Mining industry and Basic Materials sector, Caledonia Mining's Gross Margin % distribution charts can be found below:
* The bar in red indicates where Caledonia Mining's Gross Margin % falls into.
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
A positive Gross Profit is only the first step for a company to make a net profit. The gross profit needs to be big enough to also cover related labor, equipment, rental, marketing/advertising, research and development and a lot of other costs in selling the products.
Caledonia Mining (CMCL) has a Gross Margin % of 48.32% as of Mar. 2026. Gross margin is the ratio of total gross profit to net sales. View historical data on Caledonia Mining and its competitors. This is 16% above median its historical median of 41.57. Over the past decade, Caledonia Mining's Gross Margin % has ranged from 28.35 to 51.23. According to the industry distribution chart, Caledonia Mining ranks #180 out of 730 companies in the Metals & Mining industry, placing it in the top 24.7%.
Is Caledonia Mining's Gross Margin % too high?
Caledonia Mining's current Gross Margin % of 48.32% is 16% above median its 10-year median of 41.57. Over the past 10 years, this metric has ranged from a low of 28.35 to a high of 51.23. The Metals & Mining industry median Gross Margin % is 26.18. Caledonia Mining's value of 48.32% is 84.6% above this industry median. Based on the distribution chart, Caledonia Mining ranks #180 out of 730 companies in the Metals & Mining industry, which is in the top quartile — a strong position relative to peers. Overall, Caledonia Mining has a GF Score™ of 91/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Caledonia Mining's Gross Margin % compare to VGZ and IDR?
According to the Metals & Mining industry distribution chart, Caledonia Mining ranks #180 out of 730 companies for Gross Margin %. This places Caledonia Mining in the top 25% of its industry — outperforming the majority of peers. The industry median Gross Margin % is 26.18. Caledonia Mining's value of 48.32% is 84.6% above this benchmark. Historically, Caledonia Mining's own Gross Margin % has ranged from 28.35 to 51.23 over the past decade. While the company's 10-year median is 41.57 vs. the industry median of 26.18, Caledonia Mining has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Gross Margin % for a Metals & Mining company?
The median Gross Margin % among Metals & Mining companies is 26.18, based on 730 companies in the industry. Companies in the top quartile (top 25%) have a Gross Margin % significantly above this median, while those in the bottom quartile fall well below. However, Gross Margin % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Caledonia Mining's current Gross Margin % of 48.32% is 84.6% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Gross Margin % mean?
A high Gross Margin % can signal that a stock is expensive relative to its fundamentals. Gross margin is the ratio of total gross profit to net sales. View historical data on Caledonia Mining and its competitors. For the Metals & Mining industry, the median Gross Margin % is 26.18 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Caledonia Mining's current Gross Margin % is 48.32%, which is 16% above median its own 10-year median of 41.57. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Caledonia Mining stock overvalued right now?
Based on GuruFocus' analysis, Caledonia Mining (CMCL) is currently considered Fairly Valued. The stock's GF Value™ is $20.85, compared to a current price of $19.49 — trading 6.5% below its estimated fair value. The current Gross Margin % is 48.32%, which is 16% above median its 10-year median of 41.57 and 84.6% above the Metals & Mining industry median of 26.18. Caledonia Mining's overall GF Score™ is 91/100 with 5 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Gross Margin % calculated?
Gross Margin % is calculated from a company's financial statements. For Caledonia Mining (CMCL), the current Gross Margin % is 48.32% as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is Caledonia Mining (CMCL) Overvalued in 2026?
Based on GuruFocus' analysis, Caledonia Mining stock appears to be undervalued.
The current stock price of $19.49 is trading 6.5% below its estimated GF Value™ of $20.85.
GuruFocus considers Caledonia Mining to be Fairly Valued.
Key valuation signals for CMCL:
Gross Margin %: 48.32% (16% above median its 10-year median of 41.57)
GF Value™: $20.85 vs. price of $19.49 (6.5% below fair value)
Industry Position: 84.6% above the Metals & Mining median (#180 of 730)
No single metric tells the full story. See the CMCL stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Caledonia Mining Corp PLC is a gold exploration, development, and mining company. The company's segment includes Blanket, South Africa, Bilboes Oxide mine, and E&E projects. The company generates the majority of its revenue from the Blanket project. The Blanket Mine is located in the south-west of Zimbabwe and operates at a depth of approximately 750 meters below the surface. Its project includes Maligreen and Motapa.
91GF Score
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