Is Caledonia Mining Corp. Plc overvalued or undervalued?

As of 13 May 2025, the valuation grade for Caledonia Mining Corp. Plc has moved from attractive to fair. The company appears to be fairly valued at this time. Key ratios include a P/E ratio of 10.86, an EV to EBITDA of 4.63, and a PEG ratio of 0.03, indicating strong growth potential relative to its price.
In comparison with peers, Coeur Mining, Inc. has a significantly higher P/E ratio of 42.86 and an EV to EBITDA of 15.67, suggesting that Caledonia is undervalued relative to this competitor. Additionally, Gatos Silver, Inc. has a P/E of 29.51, further highlighting Caledonia's attractive valuation metrics. Notably, Caledonia has outperformed the S&P 500 with a year-to-date return of 109.46% compared to the index's 2.44%, reinforcing its strong market position despite the recent grade change.