Caledonia Mining (NYSEAMERICAN:CMCL) Issues Earnings Results

Caledonia Mining (NYSEAMERICAN:CMCLGet Free Report) announced its quarterly earnings results on Thursday. The company reported $0.02 EPS for the quarter, reports. The firm had revenue of $38.66 million during the quarter. Caledonia Mining had a negative net margin of 2.87% and a positive return on equity of 4.06%.

Caledonia Mining Stock Performance

Caledonia Mining stock opened at $11.07 on Friday. Caledonia Mining has a one year low of $8.91 and a one year high of $17.58. The company has a debt-to-equity ratio of 0.02, a current ratio of 1.52 and a quick ratio of 1.00. The stock has a market cap of $142.03 million, a PE ratio of 369.00 and a beta of 0.68.

Caledonia Mining Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, April 26th. Investors of record on Friday, April 12th will be paid a $0.14 dividend. This represents a $0.56 dividend on an annualized basis and a yield of 5.06%. The ex-dividend date of this dividend is Thursday, April 11th. Caledonia Mining’s payout ratio is presently -164.70%.

Institutional Investors Weigh In On Caledonia Mining

Several hedge funds have recently bought and sold shares of CMCL. BlackRock Inc. boosted its position in Caledonia Mining by 1,661.7% in the second quarter. BlackRock Inc. now owns 693,263 shares of the company’s stock valued at $8,056,000 after buying an additional 653,911 shares in the last quarter. Van ECK Associates Corp boosted its holdings in Caledonia Mining by 2.9% during the fourth quarter. Van ECK Associates Corp now owns 651,728 shares of the company’s stock worth $7,951,000 after purchasing an additional 18,465 shares during the last quarter. State Street Corp purchased a new position in Caledonia Mining in the second quarter valued at about $2,264,000. Goehring & Rozencwajg Associates LLC boosted its stake in Caledonia Mining by 4.9% in the fourth quarter. Goehring & Rozencwajg Associates LLC now owns 170,117 shares of the company’s stock valued at $2,075,000 after acquiring an additional 7,960 shares during the last quarter. Finally, Geode Capital Management LLC purchased a new stake in shares of Caledonia Mining during the 2nd quarter valued at approximately $1,883,000. 31.78% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Separately, Cantor Fitzgerald reaffirmed a “hold” rating on shares of Caledonia Mining in a report on Thursday.

Check Out Our Latest Report on Caledonia Mining

About Caledonia Mining

(Get Free Report)

Caledonia Mining Corporation Plc primarily operates a gold mine. It also engages in the exploration and development of mineral properties for precious metals. The company holds 64% interest in the Blanket Mine, a gold mine located in Zimbabwe. It also owns 100% interest in the Maligreen project, a brownfield gold exploration project located in the Gweru mining district in the Zimbabwe Midlands; Bilboes, gold deposit located to the north of Bulawayo, Zimbabwe; and Motapa, a gold exploration property located in Southern Zimbabwe.

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Earnings History for Caledonia Mining (NYSEAMERICAN:CMCL)

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