CMCL (Caledonia Mining) Moat Score: 4/10 (As of Jun. 28, 2026)


CMCL Caledonia Mining Corp PLC CMCL
91 GF Score
Price $19.81
GF Value $20.86
Valuation Fairly Valued
! 5 Warning Signs
View Full Analysis

What is Caledonia Mining Moat Score?

Caledonia Mining CMCL +1.64% 91 Moat Score is 4 as of Jun. 28, 2026. GuruFocus rates CMCL with a GF Score™ of 91/100 and a GF Value™ of $20.86 (Fairly Valued). The stock has 5 warning signs investors should review. Among 2,612 Metals & Mining companies, Caledonia Mining ranks better than 97.13% on this metric.

Caledonia Mining has the Moat Score of 4, which implies that the company might have Narrow Moat - Discernible but modest moat.

Caledonia Mining has Narrow Moat: Caledonia Mining has a discernible but modest moat due to its established mining operations and some cost advantages. However, it faces significant competition and lacks strong brand strength or regulatory barriers, limiting its moat to a narrow category.

Moat Score is a ranking system developed by GuruFocus to assess a company's ability to sustain a competitive advantage, rated on a scale from 0 to 10. It takes into account key factors such as market leadership, cost advantages, network effects, customer switching costs, and more.

The company's Moat Score is based on these criteria:

1. Market leadership and sustainable market share
2. Network effects and significant customer switching costs
3. Valuable intellectual property and patents
4. Strong brand strength and deep customer loyalty
5. Durable cost advantages (e.g., economies of scale, proprietary technology)
6. Significant regulatory barriers and exclusive licenses
7. Superior distribution network
8. Strong and sustainable pricing power
9. Consistent and impactful innovation and R&D capabilities

Based on the research, GuruFocus believes Caledonia Mining might have Narrow Moat - Discernible but modest moat.

Caledonia Mining  (AMEX:CMCL) Moat Score Explanation

The Moat Score ranges from 0 to 10, with 10 as the highest. GuruFocus divided Moat Score into following 8 categories:

Moat Score Moat Level
10Wide Moat - Exceptionally dominant and durable wide moat
8 - 9Wide Moat - Clear and robust wide moat
7Wide Moat - Entry-level wide moat, clearly possessing durable advantages
6Narrow Moat - Strong narrow moat, clearly distinguishable but not wide
5Narrow Moat - Solid narrow moat
4Narrow Moat - Discernible but modest moat
1 - 3No Moat - Very weak/transient advantages
0No Moat - No discernible moat

Caledonia Mining Moat Score Related Terms

CMCL vs VGZ, IDR, CTGO: Moat Score Comparison

For the Gold subindustry, Caledonia Mining's Moat Score, along with its competitors' market caps and Moat Score 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 Moat Score vs Metals & Mining Industry

For the Metals & Mining industry and Basic Materials sector, Caledonia Mining's Moat Score distribution charts can be found below:

* The bar in red indicates where Caledonia Mining's Moat Score falls into.


CMCL
91GF Score
Caledonia Mining Corp PLC CMCL
Moat Score is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis
Frequently Asked Questions Learn more about Moat Score →
What does a Moat Score of 4 mean?
Caledonia Mining (CMCL) has a Moat Score of 4 as of Jun. 28, 2026. Moat Score is a ranking system developed by GuruFocus to assess a company's ability to sustain a competitive advantage, rated on a scale from 0 to 10. It takes into account key factors such as market leadership, cost advantages, network effects, customer switching costs, and more. According to the industry distribution chart, Caledonia Mining ranks #75 out of 2612 companies in the Metals & Mining industry, placing it in the top 2.9%.
Is Caledonia Mining's Moat Score too high?
Caledonia Mining's current Moat Score is 4. The Metals & Mining industry median Moat Score is 1.00. Caledonia Mining's value of 4 is 300% above this industry median. Based on the distribution chart, Caledonia Mining ranks #75 out of 2612 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 Moat Score compare to VGZ and IDR?
According to the Metals & Mining industry distribution chart, Caledonia Mining ranks #75 out of 2612 companies for Moat Score. This places Caledonia Mining in the top 3% of its industry — outperforming the majority of peers. The industry median Moat Score is 1.00. Caledonia Mining's value of 4 is 300% above this benchmark. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Moat Score for a Metals & Mining company?
The median Moat Score among Metals & Mining companies is 1.00, based on 2,612 companies in the industry. Companies in the top quartile (top 25%) have a Moat Score significantly above this median, while those in the bottom quartile fall well below. However, Moat Score should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Caledonia Mining's current Moat Score of 4 is 300% 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 Moat Score mean?
A high Moat Score can signal that a stock is expensive relative to its fundamentals. Moat Score is a ranking system developed by GuruFocus to assess a company's ability to sustain a competitive advantage, rated on a scale from 0 to 10. It takes into account key factors such as market leadership, cost advantages, network effects, customer switching costs, and more. For the Metals & Mining industry, the median Moat Score is 1.00 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Caledonia Mining's current Moat Score is 4. 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 $20.86, compared to a current price of $19.81 — trading 5% below its estimated fair value. The current Moat Score is 4 and 300% above the Metals & Mining industry median of 1.00. 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 Moat Score calculated?
Moat Score is calculated from a company's financial statements. For Caledonia Mining (CMCL), the current Moat Score is 4 as of Jun. 28, 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 $19.81 is trading 5% below its estimated GF Value™ of $20.86. GuruFocus considers Caledonia Mining to be Fairly Valued.

Key valuation signals for CMCL:

  • Moat Score: 4
  • GF Value™: $20.86 vs. price of $19.81 (5% below fair value)
  • GF Score™: 91/100 with 5 warning signs
  • Industry Position: 300% above the Metals & Mining median (#75 of 2612)

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 Business Description

Other Exchanges CMCL:UK9CD1:Germany
Address 2 Mulcaster Street, 2nd Floor, Saint Helier, JEY, JE2 3NJ
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

Get the complete analysis for CMCL

Moat Score is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

$19.81
Price
$20.86
GF Value