CALEDONIA MINING CORPORATION PLC’s Stock Is Buy After Today’s Gap Up

 CALEDONIA MINING CORPORATION PLC's Stock Is Buy After Today's Gap Up

The stock of CALEDONIA MINING CORPORATION PLC (TSE:CAL) gapped up by $0.02 today and has $4.91 target or 119.00% above today’s $2.24 share price. The 7 months technical chart setup indicates low risk for the $113.41M company. The gap was reported on Nov, 1 by Barchart.com. If the $4.91 price target is reached, the company will be worth $134.96 million more.
Gaps up are useful for using as a support level and to some extent as a tradeable event. If investors already hold the stock and experience a price gap up, then its usually a good idea to hold the stock for a stronger up move. Back-tests of these patterns indicate that two-thirds of the times the stock performance improves after the gap. The area gaps close 89% of the time, the breakaway gaps, 2%, the continuation gaps 4% and the exhaustion gaps 61%. About 21,444 shares traded hands. CALEDONIA MINING CORPORATION PLC (TSE:CAL) has risen 130.85% since March 28, 2016 and is uptrending. It has outperformed by 127.84% the S&P500.

CALEDONIA MINING CORPORATION PLC (TSE:CAL) Ratings Coverage

Out of 3 analysts covering Caledonia Mining Plc (TSE:CAL), 3 rate it a “Buy”, 0 “Sell”, while 0 “Hold”. This means 100% are positive. Caledonia Mining Plc has been the topic of 3 analyst reports since September 21, 2015 according to StockzIntelligence Inc. The stock of CALEDONIA MINING CORPORATION PLC (TSE:CAL) has “Buy” rating given on Monday, September 21 by Panmure Gordon. Ringler Research initiated it with “Outperform” rating and $1.55 target price in Tuesday, November 3 report. The stock of CALEDONIA MINING CORPORATION PLC (TSE:CAL) has “Speculative Buy” rating given on Wednesday, January 6 by Beaufort Securities.

More notable recent CALEDONIA MINING CORPORATION PLC (TSE:CAL) news were published by: Marketwired.com which released: “Caledonia Mining Corporation Plc: Issue and Exercise of Share Options” on October 14, 2016, also Marketwired.com with their article: “Caledonia Mining Corporation Plc: Caledonia Declares Its Twelfth Quarterly …” published on October 04, 2016, Marketwired.com published: “Caledonia Mining Corporation Plc: Exercise of Share Options” on October 03, 2016. More interesting news about CALEDONIA MINING CORPORATION PLC (TSE:CAL) were released by: Marketwired.com and their article: “Caledonia Mining Corporation Plc: Caledonia Declares Tenth Quarterly Dividend” published on April 05, 2016 as well as Uk.Finance.Yahoo.com‘s news article titled: “-LSE Ticker: D35H90/ISIN: JE00BD35H902” with publication date: March 31, 2014.

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