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Shares Outstanding (EOP) are shares that have been authorized, issued, and purchased by investors and are held by them.
3-Year Share Buyback Ratio measures the average annual proportion of a company's outstanding shares repurchased over the past three years. It is calculated as the annualized percentage change in shares outstanding from three years ago to the current year. A positive ratio may indicate share buybacks over the period, while a zero or negative ratio may reflect no repurchases or potential share issuance. Caledonia Mining's current 3-Year Share Buyback Ratio was -14.60%.
The historical rank and industry rank for Caledonia Mining's 3-Year Share Buyback Ratio or its related term are showing as below:
CMCL'
s 3-Year Share Buyback Ratio Range Over the Past 10 Years
Min: -64.2 Med: -14.6 Max: -0.4
Current: -14.6
During the past 13 years, Caledonia Mining's highest 3-Year Share Buyback Ratio was -0.40%. The lowest was -64.20%. And the median was -14.60%.
CMCL's 3-Year Share Buyback Ratio is ranked better than 55.95% of 2168
companies
in the Metals & Mining industry
Industry Median: -17.5
vs CMCL: -14.60
Caledonia Mining (AMEX:CMCL) 3-Year Share Buyback Ratio Explanation
A negative number means the company might be issuing new shares. A positive number indicates that the company is buying back shares.
Be Aware
Investors usually like share buybacks. But as pointed by Warren Buffett, only if a company buys back shares at the prices below the stock's intrinsic value, it rewards remaining shareholders. If a company buys its overvalued stocks back, it destroys shareholder value.
Caledonia Mining 3-Year Share Buyback Ratio Related Terms
CMCL vs IDR, VGZ, USAU: 3-Year Share Buyback Ratio Comparison
For the Gold subindustry, Caledonia Mining's 3-Year Share Buyback Ratio, along with its competitors' market caps and 3-Year Share Buyback Ratio 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 3-Year Share Buyback Ratio vs Metals & Mining Industry
For the Metals & Mining industry and Basic Materials sector, Caledonia Mining's 3-Year Share Buyback Ratio distribution charts can be found below:
* The bar in red indicates where Caledonia Mining's 3-Year Share Buyback Ratio falls into.
Caledonia Mining 3-Year Share Buyback Ratio Calculation
This is the annualized percentage change in shares outstanding from three years ago to the current year. The annualized percentage change is calculated with expontential compound based on the latest four years of annual data on Shares Outstanding (EOP).
Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the average dividends per share growth rate.
What does a 3-Year Share Buyback Ratio of -14.60 mean?
Caledonia Mining (CMCL) has a 3-Year Share Buyback Ratio of -14.60 as of Jun. 2026. The 3-Year Share Buyback Ratio measures the average annual proportion of a company's outstanding shares repurchased over the past three years. It is calculated as the annualized percentage change in shares outstanding from three years ago to the current year. View historical data for Caledonia Mining and its competitors. According to the industry distribution chart, Caledonia Mining ranks #955 out of 2168 companies in the Metals & Mining industry, placing it in the top 44%.
Is Caledonia Mining's 3-Year Share Buyback Ratio too high?
Caledonia Mining's current 3-Year Share Buyback Ratio is -14.60. Based on the distribution chart, Caledonia Mining ranks #955 out of 2168 companies in the Metals & Mining industry, which is above the industry midpoint. Overall, Caledonia Mining has a GF Score™ of 83/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Caledonia Mining's 3-Year Share Buyback Ratio compare to IDR and VGZ?
According to the Metals & Mining industry distribution chart, Caledonia Mining ranks #955 out of 2168 companies for 3-Year Share Buyback Ratio. This puts Caledonia Mining in the upper half of its industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good 3-Year Share Buyback Ratio for a Metals & Mining company?
A good 3-Year Share Buyback Ratio depends on the Metals & Mining industry context. However, 3-Year Share Buyback Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high 3-Year Share Buyback Ratio mean?
A high 3-Year Share Buyback Ratio can signal that a stock is expensive relative to its fundamentals. The 3-Year Share Buyback Ratio measures the average annual proportion of a company's outstanding shares repurchased over the past three years. It is calculated as the annualized percentage change in shares outstanding from three years ago to the current year. View historical data for Caledonia Mining and its competitors. Caledonia Mining's current 3-Year Share Buyback Ratio is -14.60. 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 $22.68, compared to a current price of $22.47 — trading 0.9% below its estimated fair value. The current 3-Year Share Buyback Ratio is -14.60. Caledonia Mining's overall GF Score™ is 83/100 with 5 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is 3-Year Share Buyback Ratio calculated?
3-Year Share Buyback Ratio is calculated from a company's financial statements. For Caledonia Mining (CMCL), the current 3-Year Share Buyback Ratio is -14.60 as of Jun. 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 $22.47 is trading 0.9% below its estimated GF Value™ of $22.68.
GuruFocus considers Caledonia Mining to be Fairly Valued.
Key valuation signals for CMCL:
3-Year Share Buyback Ratio: -14.60
GF Value™: $22.68 vs. price of $22.47 (0.9% below fair value)
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.
83GF Score
Get the complete analysis for CMCL
3-Year Share Buyback Ratio is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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