Caledonia Mining’s (CMCL) Hold Rating Reaffirmed at Cantor Fitzgerald

Cantor Fitzgerald restated their hold rating on shares of Caledonia Mining (NYSEAMERICAN:CMCLFree Report) in a research note released on Thursday, Benzinga reports.

Caledonia Mining Price Performance

Shares of Caledonia Mining stock opened at $11.07 on Thursday. 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 company has a market cap of $142.03 million, a P/E ratio of -14.01 and a beta of 0.68. Caledonia Mining has a 12 month low of $8.91 and a 12 month high of $17.58.

Caledonia Mining Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, January 26th. Stockholders of record on Friday, January 12th were issued a $0.14 dividend. The ex-dividend date was Thursday, January 11th. This represents a $0.56 annualized dividend and a dividend yield of 5.06%. Caledonia Mining’s dividend payout ratio (DPR) is presently -70.89%.

Institutional Investors Weigh In On Caledonia Mining

A number of institutional investors and hedge funds have recently added to or reduced their stakes in CMCL. Advisor Group Holdings Inc. raised its holdings in shares of Caledonia Mining by 72.3% in the first quarter. Advisor Group Holdings Inc. now owns 9,053 shares of the company’s stock valued at $138,000 after acquiring an additional 3,800 shares in the last quarter. LSV Asset Management purchased a new stake in shares of Caledonia Mining during the 1st quarter worth $57,000. Dimensional Fund Advisors LP lifted its position in shares of Caledonia Mining by 48.7% during the first quarter. Dimensional Fund Advisors LP now owns 35,331 shares of the company’s stock valued at $537,000 after buying an additional 11,573 shares during the last quarter. Renaissance Technologies LLC lifted its position in Caledonia Mining by 16.6% during the first quarter. Renaissance Technologies LLC now owns 35,565 shares of the company’s stock valued at $541,000 after acquiring an additional 5,065 shares during the last quarter. Finally, Goldman Sachs Group Inc. purchased a new stake in shares of Caledonia Mining during the 2nd quarter valued at $139,000. Institutional investors own 31.78% of the company’s stock.

About Caledonia Mining

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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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