Caledonia Mining (LON:CMCL) Reaches New 52-Week High - Still a Buy?

Key Points

• Caledonia Mining's stock reached a new 52-week high of GBX 2,198 ($29.65), last trading at GBX 2,140 ($28.87), with a volume of 34,475 shares.
• The company has ambitious plans to increase annual production by 37% to 80,000 ounces by 2022, primarily from its Blanket Mine in Zimbabwe.
• Currently, Caledonia Mining has a market capitalization of £412.91 million and indicates a strong growth profile as a profitable cash-generative gold producer.

Caledonia Mining Co. Plc (LON:CMCL - )'s stock price reached a new 52-week high during trading on Monday . The stock traded as high as GBX 2,198 ($29.65) and last traded at GBX 2,140 ($28.87), with a volume of 34475 shares. The stock had previously closed at GBX 2,019.30 ($27.24).

Caledonia Mining Trading Up 6.0%

The company has a 50 day simple moving average of GBX 1,657.50 and a 200 day simple moving average of GBX 1,272.15. The company has a debt-to-equity ratio of 6.38, a quick ratio of 0.97 and a current ratio of 1.44. The company has a market capitalization of £412.91 million, a PE ratio of 1,114.58 and a beta of 0.73.

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.

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