Is Beaufort Securities Now Positive on Caledonia Mining (NYSE:CAL) After Recent Upgrade?

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Caledonia Mining (NYSE:CAL) Stock Upgrade

In a note announced on Friday, 4 December, Beaufort Securities has lifted shares of Caledonia Mining (NYSE:CAL) stock to a “Speculative Buy” rating.

From a total of 7 analysts covering Caleres (NYSE:CAL) stock, 6 rate it a ”Buy”, 0 a “Sell”, and 3 a ”Hold”. This means that 67% of the ratings are positive. The highest target price is $40 while the lowest target price is $32. The mean of all analyst targets is $35.21 with a 56.96% above today’s ($28.67) stock price. Caleres was the topic of 4 analyst reports since August 25, 2015 according to the firm StockzIntelligence Inc. Panmure Gordon maintained shares on September 21 with “Buy” rating.

The stock decreased 0.80% or $0.23 on December 3, striking $28.67. Approximately shares of stock traded hands. Caleres Inc (NYSE:CAL) has declined 4.56% since May 1, 2015 and is downtrending. It has underperformed by 1.78% the S&P500.

 Is Beaufort Securities Now Positive on Caledonia Mining (NYSE:CAL) After Recent Upgrade?

Caleres, Inc., formerly Brown Shoe Company, Inc., is a global footwear retailer and wholesaler. The company has a market cap of $1.25 billion. The Firm is engaged in the operation of retail shoe stores and e-commerce Websites, as well as the design, sourcing and marketing of footwear for women and men. It has 24.94 P/E ratio. The Firm operates through two divisions: Famous Footwear and Brand Portfolio.

According to Zacks Investment Research, “Caleres, Inc. is a footwear retailer and wholesaler. The Company is involved in the operation of retail shoe stores and e-commerce Websites as well as the design, sourcing and marketing of footwear for women and men. Its operating segment consists of Famous Footwear and Brand Portfolio. The company brands include Nike, Skechers, Bearpaw, Converse, Vans, New Balance, adidas, Asics, Sperry and Sof Sole, LifeStride, Dr. Scholl’s, Fergalicious, Naturalizer and Carlos. Caleres, Inc., formerly known as Brown Shoe Company, Inc., is headquartered in St. Louis, Missouri.” Get a free copy of the Zacks research report on Caleres Inc (CAL).

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