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Equities researchers at Numis Securities Ltd cut their target price on shares of Caledonia Mining (LON:CMCL) from GBX 100 ($1.68) to GBX 90 ($1.51) in a research report issued on Wednesday. The firm currently has a “buy” rating on the stock. Numis Securities Ltd’s price target indicates a potential upside of 52.54% from the stock’s previous close.

Shares of Caledonia Mining (LON:CMCL) opened at 59.50 on Wednesday. Caledonia Mining has a one year low of GBX 42.25 and a one year high of GBX 62.00. The stock’s 50-day moving average is GBX 56.70 and its 200-day moving average is GBX 48.2.

A number of other analysts have also recently weighed in on CMCL. Analysts at WH Ireland reiterated a “buy” rating on shares of Caledonia Mining in a research note on Tuesday. They now have a GBX 100 ($1.68) price target on the stock. Finally, analysts at Beaufort Securities reiterated a “speculative buy” rating on shares of Caledonia Mining in a research note on Wednesday, July 9th.

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

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