Caledonia Mining (NYSEAMERICAN:CMCL) Posts Quarterly Earnings Results, Beats Expectations By $0.14 EPS

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

Caledonia Mining Price Performance

Caledonia Mining stock opened at $21.75 on Monday. Caledonia Mining has a twelve month low of $15.85 and a twelve month high of $38.75. The stock has a 50 day moving average of $19.38 and a two-hundred day moving average of $23.69. The company has a current ratio of 4.66, a quick ratio of 4.08 and a debt-to-equity ratio of 0.35. The stock has a market capitalization of $419.99 million, a price-to-earnings ratio of 6.82 and a beta of 0.67.

Insider Buying and Selling

In related news, Director July Ndlovu sold 20,000 shares of the stock in a transaction 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 directly owned 229,089 shares of the company’s stock, valued at $3,938,039.91. This trade represents a 8.03% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Victor Gapare acquired 11,750 shares of the stock in a transaction that occurred on Thursday, June 11th. The stock was purchased at an average price of $18.70 per share, for a total transaction of $219,725.00. Following the completion of the transaction, the director owned 2,455,122 shares in the company, valued at $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. Insiders own 3.68% of the company’s stock.

Institutional Trading of Caledonia Mining

Hedge funds have recently made changes to their positions in the company. Deutsche Bank AG lifted its holdings in Caledonia Mining by 6.0% in the fourth quarter. Deutsche Bank AG now owns 10,699 shares of the company’s stock valued at $280,000 after acquiring an additional 606 shares during the period. Empowered Funds LLC grew its stake in shares of Caledonia Mining by 0.7% during the 4th quarter. Empowered Funds LLC now owns 115,380 shares of the company’s stock worth $3,019,000 after purchasing an additional 830 shares during the period. JPMorgan Chase & Co. increased its holdings in shares of Caledonia Mining by 10.4% in the 2nd quarter. JPMorgan Chase & Co. now owns 9,559 shares of the company’s stock valued at $185,000 after purchasing an additional 902 shares in the last quarter. Price T Rowe Associates Inc. MD lifted 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 purchasing an additional 1,078 shares during the period. Finally, Alliancebernstein L.P. lifted its stake in shares of Caledonia Mining by 10.8% in the third quarter. Alliancebernstein L.P. now owns 12,340 shares of the company’s stock valued at $447,000 after purchasing an additional 1,200 shares during the period. Institutional investors and hedge funds 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.