Caledonia Mining (NYSEAMERICAN:CMCL) Issues Quarterly Earnings Results, Beats Estimates By $0.07 EPS

Caledonia Mining (NYSEAMERICAN:CMCL) posted its quarterly earnings data 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 net margin of 20.96% and a return on equity of 22.64%. The firm had revenue of $74.74 million for the quarter, compared to the consensus estimate of $71.90 million.

Caledonia Mining Trading Down 3.2%

NYSEAMERICAN CMCL opened at $21.44 on Monday. Caledonia Mining has a 1 year low of $10.65 and a 1 year high of $38.75. The company has a debt-to-equity ratio of 0.02, a current ratio of 1.78 and a quick ratio of 1.20. The company has a market capitalization of $412.08 million, a PE ratio of 8.31 and a beta of 0.48. The company has a fifty day moving average of $28.65 and a 200 day moving average of $29.48.

Institutional Investors Weigh In On Caledonia Mining

A number of institutional investors have recently added to or reduced their stakes in the stock. Deutsche Bank AG boosted its position in Caledonia Mining by 6.0% during the fourth quarter. Deutsche Bank AG now owns 10,699 shares of the company’s stock worth $280,000 after acquiring an additional 606 shares during the last quarter. Empowered Funds LLC boosted its position 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 period. JPMorgan Chase & Co. boosted its position 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 during the period. Price T Rowe Associates Inc. MD grew its stake in shares of Caledonia Mining by 12.3% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 9,856 shares of the company’s stock valued at $258,000 after buying an additional 1,078 shares in the last quarter. Finally, Alliancebernstein L.P. raised its holdings 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 buying an additional 1,200 shares during the period. Institutional investors and hedge funds own 31.78% of the company’s stock.

Caledonia Mining Company Profile

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.