Caledonia Mining (NYSEAMERICAN:CMCL) Issues Quarterly Earnings Results

Caledonia Mining (NYSEAMERICAN:CMCL) released its quarterly earnings data on Monday. The company reported $0.68 earnings per share for the quarter, beating the consensus estimate of $0.54 by $0.14, FiscalAI reports. Caledonia Mining had a return on equity of 23.90% and a net margin of 23.59%.The company had revenue of $75.91 million for the quarter, compared to the consensus estimate of $82.00 million.

Caledonia Mining Stock Performance

Shares of Caledonia Mining stock opened at $21.75 on Monday. The stock has a market cap of $419.99 million, a price-to-earnings ratio of 6.82 and a beta of 0.67. The company’s fifty day moving average is $19.38 and its 200 day moving average is $23.69. The company has a quick ratio of 4.08, a current ratio of 4.66 and a debt-to-equity ratio of 0.35. Caledonia Mining has a twelve month low of $15.85 and a twelve month high of $38.75.

Insider Activity at Caledonia Mining

In other news, Director July Ndlovu sold 20,000 shares of the business’s stock in a transaction that occurred on Monday, May 18th. The stock was sold at an average price of $17.19, for a total transaction of $343,800.00. Following the completion of the sale, the director owned 229,089 shares in the company, valued at $3,938,039.91. The trade was a 8.03% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Victor Gapare acquired 11,750 shares of the stock in a transaction dated Thursday, June 11th. The stock was bought at an average cost of $18.70 per share, with a total value of $219,725.00. Following the completion of the purchase, the director owned 2,455,122 shares of the company’s stock, valued at approximately $45,910,781.40. The trade was a 0.48% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. 3.68% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Caledonia Mining

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Cetera Investment Advisers grew its position in Caledonia Mining by 34.9% during the fourth quarter. Cetera Investment Advisers now owns 7,920 shares of the company’s stock valued at $207,000 after acquiring an additional 2,051 shares during the last quarter. Lazard Asset Management LLC bought a new stake in shares of Caledonia Mining in the 4th quarter worth approximately $208,000. Royal Bank of Canada boosted its stake in shares of Caledonia Mining by 127.2% in the 4th quarter. Royal Bank of Canada now owns 3,583 shares of the company’s stock valued at $93,000 after purchasing an additional 2,006 shares in the last quarter. Creative Planning bought a new position in shares of Caledonia Mining during the 3rd quarter valued at $254,000. Finally, Quantbot Technologies LP bought a new position in shares of Caledonia Mining during the 2nd quarter valued at $120,000. Hedge funds and other institutional investors 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.