Caledonia Mining Corp (CMCL)

• Market cap: $176M
• 1 day: 0.00%
• 5 days: -3.17%
• 1 month: -15.01%
• 3 months: -41.26%
• 6 months: -11.40%
• Year to date: -3.58%
• 1 year: -20.74%
• 5 years: 7.38%
• 10 years: 40.00%

About: Caledonia Mining Corp PLC is a gold exploration, development, and mining company. The company's segment includes Blanket, South Africa, Bilboes Oxide mine, and E&E projects. The company generates the majority of its revenue from the blanket project. The Blanket Mine is located in the south-west of Zimbabwe and operates at a depth of approximately 750 meters below the surface. The company's project includes Maligreen and Motapa.

Employees: 2,332

Fund manager confidence

Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)

850% more first-time investments, than exits

New positions opened: 19 | Existing positions closed: 2

146% more repeat investments, than reductions

Existing positions increased: 32 | Existing positions reduced: 13

59% more capital invested

Capital invested by funds: $49.8M [Q2] → $79.3M (+$29.4M) [Q3]

27% more funds holding

Funds holding: 60 [Q2] → 76 (+16) [Q3]

0.83% more ownership

Funds ownership: 26.7% [Q2] → 27.53% (+0.83%) [Q3]

15% less call options, than puts

Call options by funds: $333K | Put options by funds: $392K

Research analyst outlook

1 Wall Street Analyst provided 1 year price targets over the past 3 months

• Low target: $17 85% upside
• Avg. target: $17 85% upside
• High target: $17 85% upside

1 analyst rating

• positive: 1 100%
• neutral: 0 0%
• negative: 0 0%

Maxim Group

85% upside $17

Buy Initiated

16 Dec 2024