The stock of CALEDONIA MINING CORPORATION PLC COM SHS NPV (DI) (LON:CMCL) hit a new 52-week high and has GBX 172.50 target or 50.00% above today’s GBX 115.00 share price. The 9 months bullish chart indicates low risk for the GBX company. The 1-year high was reported on Sep, 14 by Barchart.com. If the GBX 172.50 price target is reached, the company will be worth GBX more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock. The stock increased 2.22% or GBX 2.5 on September 13, hitting GBX 115. About 94,884 shares traded hands or 152.45% up from the average. CALEDONIA MINING CORPORATION PLC COM SHS NPV (DI) (LON:CMCL) has risen 162.50% since February 12, 2016 and is uptrending. It has outperformed by 146.01% the S&P500.
Out of 3 analysts covering Caledonia Mining Corp (LON:CMCL), 2 rate it a “Buy”, 0 “Sell”, while 1 “Hold”. This means 67% are positive. GBX 95 is the highest target while GBX 55 is the lowest. The GBX 85.50 average target is -25.65% below today’s (GBX 115) stock price. Caledonia Mining Corp has been the topic of 16 analyst reports since September 21, 2015 according to StockzIntelligence Inc. Panmure Gordon downgraded the stock on September 1 to “Hold” rating.
Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.