Caledonia Mining (NYSEAMERICAN:CMCL) Trading Up 8.1% – What’s Next?

Caledonia Mining Corporation PLC (NYSEAMERICAN:CMCL) traded up 8.1% during trading on Tuesday . The stock traded as high as $29.90 and last traded at $29.4270. 298,274 shares changed hands during mid-day trading, a decline of 51% from the average session volume of 602,987 shares. The stock had previously closed at $27.22.

Caledonia Mining Trading Up 1.3%

The company has a quick ratio of 1.20, a current ratio of 1.78 and a debt-to-equity ratio of 0.02. The firm’s 50 day moving average is $27.30 and its two-hundred day moving average is $27.65. The stock has a market cap of $529.74 million, a price-to-earnings ratio of 10.66 and a beta of 0.50.

Caledonia Mining Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, December 5th. Investors of record on Friday, November 21st were issued a $0.14 dividend. The ex-dividend date of this dividend was Friday, November 21st. This represents a $0.56 annualized dividend and a dividend yield of 2.0%. Caledonia Mining’s dividend payout ratio (DPR) is 116.67%.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in CMCL. Smartleaf Asset Management LLC increased its position in Caledonia Mining by 65.7% in the 3rd quarter. Smartleaf Asset Management LLC now owns 1,037 shares of the company’s stock valued at $38,000 after acquiring an additional 411 shares during the period. State of Alaska Department of Revenue bought a new position in shares of Caledonia Mining in the third quarter worth $27,000. JPMorgan Chase & Co. increased its holdings in shares of Caledonia Mining by 10.4% during the second quarter. JPMorgan Chase & Co. now owns 9,559 shares of the company’s stock valued at $185,000 after purchasing an additional 902 shares during the period. Alliancebernstein L.P. increased its holdings in shares of Caledonia Mining by 10.8% during 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. Finally, Quarry LP bought a new stake in shares of Caledonia Mining during the third quarter valued at about $50,000. 31.78% of the stock is currently owned by institutional investors.

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.