Caledonia Mining (NYSEAMERICAN:CMCL) Stock Rating Upgraded by Cantor Fitzgerald

Caledonia Mining (NYSEAMERICAN:CMCL) was upgraded by Cantor Fitzgerald from a “hold” rating to a “speculative buy” rating in a note issued to investors on Monday, Benzinga reports. The brokerage currently has a $13.50 target price on the stock. Cantor Fitzgerald’s price objective would indicate a potential upside of 37.90% from the stock’s current price.

Caledonia Mining Trading Down 4.5 %

NYSEAMERICAN CMCL opened at $9.79 on Monday. The company has a debt-to-equity ratio of 0.02, a current ratio of 1.35 and a quick ratio of 0.85. The company has a market cap of $125.61 million, a P/E ratio of -28.79 and a beta of 0.68. Caledonia Mining has a 52 week low of $8.91 and a 52 week high of $15.14.

Caledonia Mining (NYSEAMERICAN:CMCL) last released its earnings results on Thursday, March 28th. The company reported $0.02 earnings per share for the quarter. The company had revenue of $38.66 million for the quarter. Caledonia Mining had a negative net margin of 2.87% and a positive return on equity of 4.06%.

Institutional Trading of Caledonia Mining

Hedge funds have recently added to or reduced their stakes in the company. Allspring Global Investments Holdings LLC acquired a new position in Caledonia Mining during the third quarter worth $50,000. Headinvest LLC acquired a new position in Caledonia Mining during the third quarter worth $55,000. SG Americas Securities LLC acquired a new position in Caledonia Mining during the fourth quarter worth $124,000. Barclays PLC raised its position in Caledonia Mining by 266.2% during the third quarter. Barclays PLC now owns 21,621 shares of the company’s stock worth $214,000 after acquiring an additional 15,717 shares during the period. Finally, Hsbc Holdings PLC acquired a new position in Caledonia Mining during the third quarter worth $237,000. 31.78% of the stock is owned by hedge funds and other institutional investors.

About Caledonia Mining

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 a 64% interest in the Blanket Mine, a gold mine located in Zimbabwe. It also owns 100% interests in the Maligreen project, a brownfield gold exploration project located in the Gweru mining district in the Zimbabwe Midlands; the Bilboes, a gold deposit located to the north of Bulawayo, Zimbabwe; and the Motapa, a gold exploration property located in Southern Zimbabwe.