Caledonia Mining (NYSEAMERICAN:CMCL) Releases Earnings Results

Caledonia Mining (NYSEAMERICAN:CMCL) issued its quarterly earnings results on Monday. The company reported $0.66 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.59 by $0.07, FiscalAI reports. Caledonia Mining had a return on equity of 22.64% and a net margin of 20.96%.The company had revenue of $74.74 million for the quarter, compared to analyst estimates of $71.90 million.

Caledonia Mining Stock Performance

NYSEAMERICAN:CMCL opened at $21.44 on Monday. Caledonia Mining has a twelve month low of $10.65 and a twelve month high of $38.75. The company has a quick ratio of 1.20, a current ratio of 1.78 and a debt-to-equity ratio of 0.02. The stock’s 50-day simple moving average is $28.65 and its 200 day simple moving average is $29.48. The firm has a market capitalization of $412.08 million, a PE ratio of 8.31 and a beta of 0.48.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Deutsche Bank AG increased its position in Caledonia Mining by 6.0% during the 4th quarter. Deutsche Bank AG now owns 10,699 shares of the company’s stock worth $280,000 after purchasing an additional 606 shares in the last quarter. Empowered Funds LLC grew its stake in shares of Caledonia Mining by 0.7% during the fourth quarter. Empowered Funds LLC now owns 115,380 shares of the company’s stock worth $3,019,000 after buying an additional 830 shares during the last quarter. JPMorgan Chase & Co. increased its holdings in shares of Caledonia Mining by 10.4% during the second quarter. JPMorgan Chase & Co. now owns 9,559 shares of the company’s stock worth $185,000 after buying an additional 902 shares in the last quarter. Price T Rowe Associates Inc. MD increased its holdings in shares of Caledonia Mining by 12.3% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 9,856 shares of the company’s stock worth $258,000 after buying an additional 1,078 shares in the last quarter. Finally, Alliancebernstein L.P. lifted its stake in shares of Caledonia Mining by 10.8% in the 3rd quarter. Alliancebernstein L.P. now owns 12,340 shares of the company’s stock valued at $447,000 after acquiring an additional 1,200 shares during the last quarter. Institutional investors own 31.78% of the company’s stock.

About Caledonia Mining

Caledonia Mining Corporation PLC is a UK‐domiciled gold producer listed on the NYSE American under the ticker CMCL and on the London AIM market. The company’s flagship asset is the Blanket gold mine, located near Gwanda in southwestern Zimbabwe. Blanket is a conventional underground and surface gold operation that includes a carbon‐in‐leach processing plant and tailings retreatment facilities, providing a structurally diverse resource base and established production infrastructure.

Caledonia acquired the Blanket mine in 2004, adding to its long operating history that traces back to the early 20th century.