Caledonia Mining Corporation Plc (AMEX: CMCL) is 42.83% higher on its value in year-to-date trading and has touched a low of $8.81 and a high of $16.95 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The CMCL stock was last observed hovering at around $13.95 in the last trading session, with the day’s loss setting it -0.51%.
Currently trading at $13.44, the stock is 10.81% and 19.88% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.12 million and changing -3.66% at the moment leaves the stock 13.85% off its SMA200. CMCL registered 26.79% gain for a year compared to 6-month loss of -17.29%. The firm has a 50-day simple moving average (SMA 50) of $11.2108 and a 200-day simple moving average (SMA200) of $11.8048.
The stock witnessed a 13.13% gain in the last 1 month and extending the period to 3 months gives it a 44.98%, and is 9.00% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 5.25% over the week and 5.53% over the month.
Current P/E ratio is 13.82 and Fwd P/E is 9.04. Profit margin for the company is 10.76%. Distance from 52-week low is 52.64% and -20.71% from its 52-week high. The company has generated returns on investments over the last 12 months (8.35%).
The EPS is expected to grow by 16.68% this year
139.0 institutions hold shares in Caledonia Mining Corporation Plc (CMCL), with institutional investors hold 59.69% of the company’s shares. The shares outstanding are 19.21M, and float is at 14.43M with Short Float at 1.85%. Institutions hold 50.65% of the Float.
The top institutional shareholder in the company is ORBIS ALLAN GRAY LTD with over 1.43 million shares valued at $13.9 million. The investor’s holdings represent 7.4509 of the CMCL Shares outstanding. As of 2024-06-30, the second largest holder is BLACKROCK INC. with 0.85 million shares valued at $8.28 million to account for 4.4376 of the shares outstanding. The other top investors are VAN ECK ASSOCIATES CORP which holds 0.73 million shares representing 3.8159 and valued at over $7.12 million, while GOEHRING & ROZENCWAJG ASSOCIATES, LLC holds 1.0927 of the shares totaling 0.21 million with a market value of $2.04 million.
