Caledonia-Mining PT Lowered to GBX 120 (CMCL)
Stock analysts at Numis Securities Ltd lowered their price objective on shares of Caledonia-Mining (LON:CMCL) from GBX 130 ($2.14) to GBX 120 ($1.98) in a report issued on Monday, American Banking and Market News reports. The firm currently has a “buy” rating on the stock. Numis Securities Ltd’s price objective suggests a potential upside of 162.58% from the stock’s previous close.
Caledonia-Mining (LON:CMCL) opened at 45.70 on Monday. Caledonia-Mining has a one year low of GBX 55.00 and a one year high of GBX 96.75. The stock’s 50-day moving average is GBX 46.48 and its 200-day moving average is GBX 51.57.
A number of other firms have also recently commented on CMCL. Analysts at Beaufort Securities reiterated a “speculative buy” rating on shares of Caledonia-Mining in a research note to investors on Tuesday, November 26th. Finally, analysts at WH Ireland reiterated a “buy” rating on shares of Caledonia-Mining in a research note to investors on Wednesday, November 13th. They now have a GBX 104 ($1.71) price target on the stock. One research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. The company has a consensus rating of “Buy” and an average price target of GBX 97.25 ($1.60).
Caledonia Mining Corporation (LON:CMCL) is an exploration, development and mining corporation focused on Southern Africa.
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