Copper Futures (COPPER)

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Caledonia Mining Rating Reiterated by Numis Securities Ltd (CMCL)
Posted by Seth Barnet on Apr 2nd, 2014 // No Comments

http://www.wkrb13.com/markets/286250/caledonia-mining-rating-reiterated-by-numis-securities-ltd-cmcl/

Caledonia Mining Co.


(LON:CMCL)‘s stock had its “buy” rating reaffirmed by stock
analysts at Numis Securities Ltd in a report issued on Monday,
Stock Ratings News reports.

They currently have a GBX 120 ($2.00)
target price on the stock.

Numis Securities Ltd’s price objective indicates a potential
upside of 169.66% from the stock’s previous close.

Separately, analysts at WH Ireland initiated coverage on shares of
Caledonia Mining in a research note on Monday, March 3rd.

They set a “buy” rating and a GBX 100 ($1.66) price target on the
stock.

One research analyst has rated the stock with a hold rating and
four have issued a buy rating to the stock.

The company presently has a consensus rating of “Buy” and an
average price target of GBX 96.25 ($1.60).

Shares of Caledonia Mining (LON:CMCL) opened at 42.55 on Monday.

Caledonia Mining has a one year low of GBX 46.25 and a one year
high of GBX 96.75.
The stock’s 50-day moving average is GBX 44.54 and its 200-day
moving average is GBX 46.02.

Caledonia Mining Corporation (LON:CMCL) is an exploration,
development and mining corporation focused on Southern Africa.

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http://www.wkrb13.com/markets/286250/caledonia-mining-rating-reiterated-by-numis-securities-ltd-cmcl/

Caledonia Mining Co. owns NAMA 100% and may be open for a
JV Joint Venture agreement with the large copper producing
mines all around NAMA large copper and cobalt resources -
a write down taken of expenses needed to deduction from
Caledonias Blanket Mines gold production net profits -

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CAL Chart TA TI P&F Alert Bullish Price Objective $3.63 / oz



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God Bless