Illumine Investment Management LLC Invests $781,000 in Caledonia Mining Corporation PLC $CMCL

Illumine Investment Management LLC bought a new stake in shares of Caledonia Mining Corporation PLC (NYSEAMERICAN:CMCL) during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 34,570 shares of the company’s stock, valued at approximately $781,000. Illumine Investment Management LLC owned approximately 0.18% of Caledonia Mining at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of the company. Quarry LP acquired a new position in Caledonia Mining during the 3rd quarter worth $50,000. Virtus Advisers LLC bought a new position in shares of Caledonia Mining during the 4th quarter worth about $42,000. Banque Cantonale Vaudoise bought a new position in Caledonia Mining during the third quarter worth about $64,000. EverSource Wealth Advisors LLC lifted its position in shares of Caledonia Mining by 6,486.2% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,910 shares of the company’s stock worth $37,000 after buying an additional 1,881 shares during the period. Finally, Royal Bank of Canada boosted its stake in shares of Caledonia Mining by 127.2% in the 4th quarter. Royal Bank of Canada now owns 3,583 shares of the company’s stock valued at $93,000 after purchasing an additional 2,006 shares in the last quarter. Institutional investors own 31.78% of the company’s stock.

Insider Buying and Selling at Caledonia Mining

In other Caledonia Mining news, Director Victor Gapare bought 11,750 shares of Caledonia Mining stock in a transaction dated Thursday, June 11th. The shares were bought at an average price of $18.70 per share, with a total value of $219,725.00. Following the purchase, the director owned 2,455,122 shares of the company’s stock, valued at $45,910,781.40. This trade represents a 0.48% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, Director July Ndlovu sold 20,000 shares of the firm’s stock in a transaction that occurred on Monday, May 18th. The shares were sold at an average price of $17.19, for a total transaction of $343,800.00. Following the completion of the transaction, the director directly owned 229,089 shares in the company, valued at approximately $3,938,039.91. The trade was a 8.03% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 3.68% of the stock is currently owned by corporate insiders.

Caledonia Mining Price Performance

NYSEAMERICAN:CMCL opened at $17.33 on Tuesday. The firm has a market cap of $334.64 million, a PE ratio of 5.43 and a beta of 0.67. The company has a quick ratio of 4.08, a current ratio of 4.66 and a debt-to-equity ratio of 0.35. Caledonia Mining Corporation PLC has a 12 month low of $15.85 and a 12 month high of $38.75. The company’s 50-day moving average price is $21.23 and its two-hundred day moving average price is $24.97.

Caledonia Mining (NYSEAMERICAN:CMCL) last released its quarterly earnings results on Monday, May 11th. The company reported $0.80 EPS for the quarter, topping analysts’ consensus estimates of $0.67 by $0.13. The business had revenue of $66.43 million for the quarter, compared to analyst estimates of $79.20 million. Caledonia Mining had a return on equity of 23.90% and a net margin of 23.59%.

Caledonia Mining Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, June 5th. Stockholders of record on Friday, May 22nd were given a dividend of $0.14 per share. This represents a $0.56 dividend on an annualized basis and a dividend yield of 3.2%. The ex-dividend date was Friday, May 22nd. Caledonia Mining’s dividend payout ratio is presently 116.67%.

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.