While Gold (XAUUSD:CUR) prices are experiencing their typical seasonal sell-off right into mid of June, it is certainly an interesting time to scan the markets for promising and beaten down precious metals mining stocks.
One
Caledonia Mining: High-Dividend Gold Producer From Zimbabwe
Summary
- While Gold experiences its typical seasonal sell-off, contrarian opportunities among the beaten down gold stocks are starting to show up.
- Caledonia Mining is an established and profitable gold producer in Zimbabwe expanding production from the Blanket Mine in the Gwanda Greenstone Belt, Zimbabwe.
- With the new shaft, gold production will likely increase by 45% in 2022.
- Lucrative dividend policy, currently yielding 3.63%.
- The stock is currently extremely oversold and could snap back quickly 15-20% from here.
Florian Grummes is an independent financial analyst, advisor, consultant, trader & investor as well as an international speaker with more than 25 years of experience in financial markets. Via Midas Touch Consulting, he is publishing weekly gold, silver, bitcoin, and cryptocurrency analysis for his numerous international readers. Florian is well known for Midas Touch Consulting, combining technical, fundamental and sentiment analysis into one often-accurate conclusion about the markets.
Analyst’s Disclosure:I/we have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.
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