2024-06-21 12:46:47 ET
Summary
- Buy rating reaffirmed for Caledonia Mining Corporation Plc.
- A strong start to the year coupled with rising gold prices are fueling the stock market of Caledonia when rallying.
- Investments over 7 years have improved the production profile and the resumption of exploration offers the potential for gold production beyond the next decade.
- This is a stock with low liquidity. The strongest driver for the upward share price is likely to come from a short-term sharp flare-up in gold prices due to rising expectations of a first-rate cut by the Fed.
Buy Rating Reaffirmed for Caledonia Mining Corporation Plc
This analysis gives a "Buy" rating to the shares of Caledonia Mining Corporation Plc ( CMCL ). The company is a gold mining and exploration company based in Saint Helier on the island of Jersey. Caledonia produces gold from its 64% interest in the Blanket Mine , 14 km northwest of Gwanda in Zimbabwe. Here is the same rating already assigned to Caledonia in the previous analysis ....
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Caledonia Mining: Upside On Bullish Gold, Better Through Dips