Caledonia Mining (LON:CMCL) Sets New 12-Month High - Time to Buy?

Key Points

• Caledonia Mining's shares reached a new 52-week high of GBX 2,700 ($36.20) during trading on Monday, reflecting a significant increase over the previous close of GBX 2,540 ($34.05).
• The company has a market cap of £527.91 million and reported an impressive increase of 7.7% in its stock price.
• Caledonia Mining plans to expand its production at the Blanket Mine in Zimbabwe by 37% by 2022, aiming for annual production of up to 80,000 ounces of gold.

Caledonia Mining Co. Plc (LON:CMCL - ) shares reached a new 52-week high during mid-day trading on Monday . The company traded as high as GBX 2,700 ($36.20) and last traded at GBX 2,700 ($36.20), with a volume of 311 shares traded. The stock had previously closed at GBX 2,540 ($34.05).

Caledonia Mining Stock Up 7.7%

The company has a current ratio of 1.44, a quick ratio of 0.97 and a debt-to-equity ratio of 6.38. The business has a 50-day moving average price of GBX 1,912.86 and a 200-day moving average price of GBX 1,433.95. The firm has a market cap of £527.91 million, a P/E ratio of 1,425.00 and a beta of 0.73.

Caledonia Mining Company Profile

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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