2024-02-09 00:05:19 ET
Summary
- Caledonia Mining Corporation receives a Buy rating due to improving gold price outlook and the company's cost-cutting initiatives.
- CMCL stock price appears well-positioned for a strong rebound from current levels, which are close to the oversold level at the bottom of the stock price cycle.
- The company's strong financial position, dividend payments, and growth prospects make it an attractive investment option.
Another Buy rating for Caledonia Mining Corporation Plc
This analysis confirms a "Buy" rating issued in the previous analysis for the shares of Caledonia Mining Corporation Plc ( CMCL ) - a miner and explorer based in Saint Helier, Jersey, which produces gold from its 60% interest in the Blanket Mine, 14 km northwest of Gwanda, Zimbabwe....
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Caledonia Mining: Potential Strong Upside From A Low Stock Price