Is CDE or CMCL more undervalued in 2026?

CirclFi compares Coeur Mining, Inc. (CDE) and Caledonia Mining Corporation Pl (CMCL) using 13 institutional-grade valuation models. CDE has a Quality of Company score of 9.4/10 while CMCL scores 1.7/10.

Which is a better buy — CDE or CMCL?

Compare intrinsic values from 13 independent models against current market prices. CirclFi also calculates Value Trap scores. This is not financial advice — conduct your own analysis.

How do CDE and CMCL valuations compare?

CDE at $18.59 and CMCL at $23.71 are compared across Bayesian DCF, EPV, EROIC Spread, First Chicago, Markov DDM, and 8 additional models.

CDE vs CMCL Valuation Comparison 2026 — Intrinsic Value Analysis

CDE

Gold

Coeur Mining, Inc.

Quality

9.4

out of 10

Value Trap

SAFE

Price

$18.59

Last close

Models

13/13

Active

CMCL

Gold

Caledonia Mining Corporation Pl

Quality

1.7

out of 10

Value Trap

—

Price

$23.71

Last close

Models

13/13

Active

Model-by-Model Comparison

Model	Type	CDE Fair Value	CDE Upside	CMCL Fair Value	CMCL Upside
Bayesian DCF	Intrinsic	$9.74	-47.6%	$4.69	-80.2%
Earnings Power Value	Intrinsic	$6.14	-67.0%	$12.95	-43.1%
EROIC Spread	Intrinsic	$•••.••	••.•%	$•••.••	••.•%
First Chicago	Scenario	$•••.••	••.•%	$•••.••	••.•%
Markov DDM	Intrinsic	$•••.••	••.•%	$•••.••	••.•%
ML-RIV	Intrinsic	$•••.••	••.•%	$•••.••	••.•%
Dynamic NAV	Asset-Based	$•••.••	••.•%	$•••.••	••.•%
PWERM	Option-Based	$•••.••	••.•%	$•••.••	••.•%
Regime Cross-Sectional	Relative	$•••.••	••.•%	$•••.••	••.•%
Sentiment SOTP	Hybrid	$•••.••	••.•%	$•••.••	••.•%
CUCE Ensemble	Ensemble	$•••.••	••.•%	$•••.••	••.•%
FTNN Topology	Relative	$•••.••	••.•%	$•••.••	••.•%
RCMH-DCF	Intrinsic	$•••.••	••.•%	$•••.••	••.•%

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CDE vs CMCL — Which Stock Is More Undervalued?

CDE scores higher with a 9.4/10 quality rating vs CMCL's 1.7/10. Both stocks are analyzed daily using SEC EDGAR filings across 13 independent models.

Comparing Coeur Mining, Inc. (CDE) and Caledonia Mining Corporation Pl (CMCL) across 13 institutional-grade valuation models reveals how each company's intrinsic value stacks up against its market price. CirclFi's engine processes SEC EDGAR 10-K and 10-Q filings, FRED macroeconomic data, and GDELT news sentiment to generate independent fair value estimates daily.

CDE currently trades at $18.59 with a QOC of 9.4/10, while CMCL trades at $23.71 with a QOC of 1.7/10.

Both companies are analyzed with models spanning intrinsic (Bayesian DCF, EPV), scenario-based (First Chicago), regime-switching (Markov DDM, RCMH-DCF), machine learning (ML-RIV, FTNN Topology), and ensemble methods (CUCE).