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Caledonia Mining: Use The Growing Dividend To Lower Cost Basis

Dec. 03, 2021 3:03 PM ETCaledonia Mining Corporation Plc (CMCL)
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  • Although record production was announced in Q3, the market remains unconvinced.
  • The dividend now, though, has been increased by over 100% over the past 2 years.
  • We expect the disconnect to ultimately end.
  • Investors should use this period to dollar cost average.
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Primer plano detallado de la pirita de hierro Mineral también conocido como oro de los tontos

Radu Bighian/iStock via Getty Images

As we can see from the year-to-date chart in Caledonia Mining (NYSE:CMCL), shares have not enjoyed a productive 11 months. We remain long-term bullish on this stock although investors need to be prepared for more


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Analyst’s Disclosure: I/we have a beneficial long position in the shares of CMCL either through stock ownership, options, or other derivatives. 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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