CMCL vs. AU

Last updated Apr 1, 2026

Compare and contrast key facts about Caledonia Mining Corporation Plc (CMCL) and AngloGold Ashanti Limited (AU).

Performance

CMCL vs. AU - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Caledonia Mining Corporation Plc (CMCL) and AngloGold Ashanti Limited (AU). The values are adjusted to include any dividend payments, if applicable.

CMCL vs. AU - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
CMCL Caledonia Mining Corporation Plc	-13.68%	186.75%	-18.90%	2.65%	11.39%	-23.84%	93.29%	67.37%	-26.33%	20.43%
AU AngloGold Ashanti Limited	16.08%	288.18%	25.43%	-2.68%	-5.09%	-4.87%	1.90%	78.89%	23.96%	4.41%

Fundamentals

Market Cap CMCL : $462.44M AU : $49.55B
EPS CMCL : $2.80 AU : $5.19
PE Ratio CMCL : 8.06 AU : 18.75
PEG Ratio CMCL : 0.21 AU : 0.22
PS Ratio CMCL : 1.69 AU : 4.99
PB Ratio CMCL : 1.79 AU : 6.12
Total Revenue (TTM) CMCL : $263.91M AU : $9.89B
Gross Profit (TTM) CMCL : $137.13M AU : $4.60B
EBITDA (TTM) CMCL : $132.82M AU : $4.51B

Returns By Period

In the year-to-date period, CMCL achieves a -13.68% return, which is significantly lower than AU's 16.08% return.

CMCL

• 1D: 2.50%
• 1M: -28.83%
• YTD: -13.68%
• 6M: -37.29%
• 1Y: 86.48%
• 3Y*: 18.51%
• 5Y*: 13.17%
• 10Y*: —

AU

• 1D: 7.51%
• 1M: -22.52%
• YTD: 16.08%
• 6M: 42.21%
• 1Y: 174.22%
• 3Y*: 63.57%
• 5Y*: 36.76%
• 10Y*: 23.71%

*Multi-year figures are annualized to reflect compound growth (CAGR)

Return for Risk

CMCL vs. AU — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

CMCL

CMCL Risk / Return Rank: 78
CMCL Sharpe Ratio Rank: 81
CMCL Sortino Ratio Rank: 75
CMCL Omega Ratio Rank: 73
CMCL Calmar Ratio Rank: 81
CMCL Martin Ratio Rank: 79

AU

AU Risk / Return Rank: 94
AU Sharpe Ratio Rank: 97
AU Sortino Ratio Rank: 92
AU Omega Ratio Rank: 91
AU Calmar Ratio Rank: 93
AU Martin Ratio Rank: 96

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

CMCL vs. AU - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Caledonia Mining Corporation Plc (CMCL) and AngloGold Ashanti Limited (AU). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

	CMCL	AU	Difference
Sharpe ratio Return per unit of total volatility	1.27	2.98	-1.71
Sortino ratio Return per unit of downside risk	1.81	2.97	-1.15
Omega ratio Gain probability vs. loss probability	1.23	1.40	-0.17
Calmar ratio Return relative to maximum drawdown	2.35	4.79	-2.44
Martin ratio Return relative to average drawdown	5.42	18.11	-12.69
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

CMCL vs. AU - Sharpe Ratio Comparison

The current CMCL Sharpe Ratio is 1.27, which is lower than the AU Sharpe Ratio of 2.98. The chart below compares the historical Sharpe Ratios of CMCL and AU, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	CMCL	AU	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.27	2.98	-1.71
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.25	0.77	-0.52
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.48	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.37	0.15	+0.22

Correlation

The correlation between CMCL and AU is 0.41, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.

Dividends

CMCL vs. AU - Dividend Comparison

CMCL's dividend yield for the trailing twelve months is around 2.48%, less than AU's 3.66% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017
CMCL Caledonia Mining Corporation Plc	2.48%	2.14%	5.95%	4.59%	4.52%	4.29%	2.11%	3.27%	5.23%	1.86%
AU AngloGold Ashanti Limited	3.66%	2.96%	1.78%	1.14%	2.26%	2.58%	0.49%	0.30%	0.48%	0.93%

Drawdowns

CMCL vs. AU - Drawdown Comparison

The maximum CMCL drawdown since its inception was -65.77%, smaller than the maximum AU drawdown of -90.12%. Use the drawdown chart below to compare losses from any high point for CMCL and AU.

Drawdown Indicators

	CMCL	AU	Difference
Max Drawdown Largest peak-to-trough decline	-65.77%	-90.12%	+24.35%
Max Drawdown (1Y) Largest decline over 1 year	-42.87%	-36.59%	-6.28%
Max Drawdown (5Y) Largest decline over 5 years	-50.00%	-51.75%	+1.75%
Max Drawdown (10Y) Largest decline over 10 years	—	-67.91%	—
Current Drawdown Current decline from peak	-39.80%	-22.82%	-16.98%
Average Drawdown Average peak-to-trough decline	-35.76%	-46.24%	+10.48%
Ulcer Index Depth and duration of drawdowns from previous peaks	18.57%	9.68%	+8.89%

Volatility

CMCL vs. AU - Volatility Comparison

The current volatility for Caledonia Mining Corporation Plc (CMCL) is 15.56%, while AngloGold Ashanti Limited (AU) has a volatility of 22.23%. This indicates that CMCL experiences smaller price fluctuations and is considered to be less risky than AU based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	CMCL	AU	Difference
Volatility (1M) Calculated over the trailing 1-month period	15.56%	22.23%	-6.67%
Volatility (6M) Calculated over the trailing 6-month period	52.25%	45.48%	+6.77%
Volatility (1Y) Calculated over the trailing 1-year period	69.05%	58.89%	+10.16%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	52.86%	48.10%	+4.76%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	54.73%	49.90%	+4.83%

Financials

CMCL vs. AU - Profitability Comparison

The chart below illustrates the profitability comparison between Caledonia Mining Corporation Plc and AngloGold Ashanti Limited over time, highlighting three key metrics: Gross Profit Margin, Operating Margin, and Net Profit Margin.

CMCL - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Apr 2026, Caledonia Mining Corporation Plc reported a gross profit of 39.55M and revenue of 70.98M. Therefore, the gross margin over that period was 55.7%.

AU - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Apr 2026, AngloGold Ashanti Limited reported a gross profit of 1.38B and revenue of 3.07B. Therefore, the gross margin over that period was 44.9%.

CMCL - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Apr 2026, Caledonia Mining Corporation Plc reported an operating income of 33.16M and revenue of 70.98M, resulting in an operating margin of 46.7%.

AU - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Apr 2026, AngloGold Ashanti Limited reported an operating income of 1.69B and revenue of 3.07B, resulting in an operating margin of 55.2%.

CMCL - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Apr 2026, Caledonia Mining Corporation Plc reported a net income of 10.70M and revenue of 70.98M, resulting in a net margin of 15.1%.

AU - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Apr 2026, AngloGold Ashanti Limited reported a net income of 855.00M and revenue of 3.07B, resulting in a net margin of 27.9%.