Caledonia Mining (NYSEAMERICAN:CMCL) Upgraded to Speculative Buy at Cantor Fitzgerald

Cantor Fitzgerald upgraded shares of Caledonia Mining (NYSEAMERICAN:CMCL) from a hold rating to a speculative buy rating in a research note released on Monday, Benzinga reports. They currently have $13.50 target price on the stock.

Caledonia Mining Price Performance

Caledonia Mining stock opened at $10.25 on Monday. The company has a quick ratio of 0.85, a current ratio of 1.35 and a debt-to-equity ratio of 0.02. The firm has a market capitalization of $131.51 million, a PE ratio of -30.15 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 quarterly earnings data on Thursday, March 28th. The company reported $0.02 EPS for the quarter. The company had revenue of $38.66 million for the quarter. Caledonia Mining had a positive return on equity of 4.06% and a negative net margin of 2.87%.

Caledonia Mining Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, April 26th. Shareholders of record on Friday, April 12th were issued a $0.14 dividend. This represents a $0.56 dividend on an annualized basis and a yield of 5.46%. The ex-dividend date was Thursday, April 11th. Caledonia Mining’s dividend payout ratio is presently -164.70%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. Allspring Global Investments Holdings LLC acquired a new position in Caledonia Mining in the 3rd quarter worth $50,000. Headinvest LLC acquired a new position in shares of Caledonia Mining in the third quarter worth about $55,000. SG Americas Securities LLC purchased a new position in Caledonia Mining in the fourth quarter valued at about $124,000. Barclays PLC boosted its holdings in Caledonia Mining by 266.2% in the third quarter. Barclays PLC now owns 21,621 shares of the company’s stock valued at $214,000 after purchasing an additional 15,717 shares during the last quarter. Finally, Hsbc Holdings PLC acquired a new stake in Caledonia Mining during the 3rd quarter valued at approximately $237,000. 31.78% of the stock is currently 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.