Caledonia Mining (LON:CMCL) Sets New 12-Month High – Should You Buy?

Caledonia Mining Co. Plc (LON:CMCLGet Free Report) reached a new 52-week high during mid-day trading on Tuesday . The stock traded as high as GBX 1,320 ($17.63) and last traded at GBX 1,275 ($17.03), with a volume of 27316 shares. The stock had previously closed at GBX 1,255 ($16.76).

Caledonia Mining Trading Up 1.6%

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 stock has a 50-day moving average price of GBX 971.09 and a 200-day moving average price of GBX 886.57. The stock has a market cap of £311.03 million, a P/E ratio of 32.15 and a beta of 0.73.

Caledonia Mining Announces Dividend

The business also recently declared a dividend, which was paid on Thursday, April 17th. Stockholders of record on Thursday, April 3rd were issued a $0.14 dividend. This represents a dividend yield of 1.22%. The ex-dividend date of this dividend was Thursday, April 3rd. Caledonia Mining’s payout ratio is 110.94%.

About Caledonia Mining

(Get Free Report)

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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