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Stock impact report

Assessing Caledonia Mining (NYSEAM:CMCL) Valuation After $125 Million Convertible Notes Financing [Yahoo! Finance]

Caledonia Mining Corporation Plc Common Shares (CMCL) 
NASDAQ:AMEX Investor Relations: caledoniamining.com
Company Research Source: Yahoo! Finance
Caledonia Mining (NYSEAM:CMCL) is back on investors' radar after upsizing and completing a $125 million convertible senior notes offering due 2033, with proceeds earmarked mainly for its Bilboes gold project in Zimbabwe. See our latest analysis for Caledonia Mining. That financing comes after a mixed few months for the shares, with a 16.6% decline in the 7 day share price return, a 16.0% decline over 90 days, but a 196.7% 1 year total shareholder return, which suggests momentum has been strong over a longer horizon. If Caledonia's latest funding round has you looking beyond a single miner, this could be a good moment to scan the market for fast growing stocks with high insider ownership With the shares still well below one analyst price target and screens flagging Caledonia as having room on intrinsic value, the key question is simple: is this funding-backed miner undervalued, or is the market already pricing in future growth? With Caledonia Mining last closing at $27.22 ag Show less Read more
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