Caledonia Mining (LON:CMCL) Reaches New 12-Month High - Still a Buy?

Key Points

• Caledonia Mining's stock reached a new 52-week high, trading at GBX 2,540 ($34.22), with a noteworthy trading volume of 10,091 shares.
• The company aims to increase its annual gold production by 37% to 80,000 ounces by 2022, driven by its primary asset, the Blanket Mine in Zimbabwe.
• Caledonia Mining has a market capitalization of £490.09 million and maintains a debt-to-equity ratio of 6.38, indicating a significant financial leverage.

Caledonia Mining Co. Plc (LON:CMCL - Get Free Report)'s stock price hit a new 52-week high during mid-day trading on Monday . The company traded as high as GBX 2,540 ($34.33) and last traded at GBX 2,540 ($34.33), with a volume of 10091 shares changing hands. The stock had previously closed at GBX 2,430 ($32.84).

Caledonia Mining Stock Performance

The company has a market cap of £486.23 million, a PE ratio of 1,312.50 and a beta of 0.73. The business has a fifty day moving average of GBX 1,835.72 and a 200-day moving average of GBX 1,386.54. The company has a current ratio of 1.44, a quick ratio of 0.97 and a debt-to-equity ratio of 6.38.

About Caledonia Mining

Caledonia Mining (NYSE:CMCL, AIM:CMCL) is a profitable cash generative gold producer with a strong growth profile, Caledonia's primary asset is the Blanket Mine in Zimbabwe. By 2022 the Company plans to increase its annual production by 37%, up to 80,000 ounces. The Company is listed in New York and London with a current Market Capitalisation of U$174m.