(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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