Caledonia Mining (CMCL) Shares Outstanding (Diluted Average) (2010 - 2025)

Caledonia Mining (CMCL) posted quarterly Shares Outstanding (Diluted Average) of $19.3 million for Q4 2025, up 40.23% YoY from $13.7 million in Q4 2024, and up 40.23% sequentially from $13.7 million in Q4 2024.

Caledonia Mining (CMCL) Shares Outstanding (Diluted Average) (2010 - 2025) Analysis & Trends

Caledonia Mining has disclosed Shares Outstanding (Diluted Average) across 16 years of filings, most recently posting $19.3 million for Q4 2025.

  • In Q4 2025, Shares Outstanding (Diluted Average) rose 40.23% year-over-year to $19.3 million; the TTM figure through Dec 2025 stood at $19.3 million (up 40.23% YoY), while the FY2025 annual figure was $19.3 million, up 37.44% from the prior year.
  • Shares Outstanding (Diluted Average) grew to $19.3 million in Q4 2025, from $13.7 million in the prior quarter.
  • Over the last five years, Shares Outstanding (Diluted Average) for CMCL reached as high as $44.6 million in Q1 2022 and fell as low as $37200.0 in Q1 2021.
  • The 5-year median for Shares Outstanding (Diluted Average) is $132300.0 (2022), against an average of $10.2 million.
  • Annual changes were most pronounced in 2021 — Shares Outstanding (Diluted Average) slumped 48.82% — and 2022, when it jumped 119792.47%.
  • A 5-year view of Shares Outstanding (Diluted Average) shows it stood at $115200.0 in 2021, then slipped by 13.41% to $99749.6 in 2022, then soared by 13620.31% to $13.7 million in 2023, then grew by 0.44% to $13.7 million in 2024, then soared by 40.23% to $19.3 million in 2025.
  • According to Business Quant data, Shares Outstanding (Diluted Average) over the past three periods registered $19.3 million, $13.7 million, and $13.7 million for Q4 2025, Q4 2024, and Q4 2023 respectively.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Shares (Diluted Avg.) (Qtr)
1 Barrick Mining 978.09 Bn 980.39 Bn 3.12 Bn 1.68 Bn
2 Trx Gold 189.48 Bn 189.48 Bn 21.05 Mn 80.00
3 Newmont 101.22 Bn 92.61 Bn 7.29 Bn 1.09 Bn
4 OR Royalties 53.18 Bn 53.08 Bn 88.84 Mn 390.00
5 Wheaton Precious Metals 50.59 Bn 48.43 Bn 699.37 Mn 454.96 Mn
6 Aura Minerals 50.25 Bn 50.25 Bn 19.58 Mn 84.54 Mn
7 Franco Nevada 40.21 Bn 39.50 Bn 526.30 Mn 193.20 Mn
8 Gold Fields 30.19 Bn 28.41 Bn - 897.34 Mn
9 Kinross Gold 28.01 Bn 25.95 Bn 1.44 Bn 1.20 Bn
10 Caledonia Mining 3.20 Bn 3.06 Bn 32.10 Mn -

Historic Data

Download Data
DateValue
Dec 31, 2025 19.28 Mn
Jun 30, 2025 1,057.00
Mar 31, 2025 446.00
Dec 31, 2024 19.20 Mn
Sep 30, 2024 120.00
Jun 30, 2024 429.00
Mar 31, 2024 106.00
Dec 31, 2023 18.63 Mn
Sep 30, 2023 240.00
Jun 30, 2023 6.00
Mar 31, 2023 302,000.00
Dec 31, 2022 12.84 Mn
Sep 30, 2022 633.00
Jun 30, 2022 132,300.00
Mar 31, 2022 44.60 Mn
Dec 31, 2021 12.18 Mn
Sep 30, 2021 115,200.00
Jun 30, 2021 58,400.00
Mar 31, 2021 37,200.00
Dec 31, 2020 11.72 Mn