July Ndlovu Acquires 21,400 Shares of Caledonia Mining (NYSEAMERICAN:CMCL) Stock

Caledonia Mining Corporation PLC (NYSEAMERICAN:CMCL) Director July Ndlovu bought 21,400 shares of Caledonia Mining stock in a transaction that occurred on Thursday, August 13th. The shares were acquired at an average price of $23.03 per share, for a total transaction of $492,842.00. Following the completion of the transaction, the director directly owned 250,489 shares of the company’s stock, valued at $5,768,761.67. This trade represents a 9.34% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Caledonia Mining Stock Down 1.6%

Shares of NYSEAMERICAN:CMCL opened at $23.07 on Wednesday. The stock’s 50-day moving average price is $19.70 and its two-hundred day moving average price is $23.32. The company has a current ratio of 5.73, a quick ratio of 5.03 and a debt-to-equity ratio of 0.34. Caledonia Mining Corporation PLC has a 12-month low of $15.85 and a 12-month high of $38.75. The firm has a market cap of $445.48 million, a price-to-earnings ratio of 6.61 and a beta of 0.67.

Caledonia Mining (NYSEAMERICAN:CMCL) last posted its quarterly earnings data on Monday, August 10th. The company reported $1.36 EPS for the quarter, beating analysts’ consensus estimates of $0.54 by $0.82. The company had revenue of $75.91 million during the quarter, compared to the consensus estimate of $82.00 million. Caledonia Mining had a net margin of 23.87% and a return on equity of 23.29%.

Caledonia Mining Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, September 4th. Investors of record on Friday, August 21st will be issued a $0.14 dividend. This represents a $0.56 dividend on an annualized basis and a yield of 2.4%. The ex-dividend date is Friday, August 21st. Caledonia Mining’s payout ratio is presently 116.67%.

Hedge Funds Weigh In On Caledonia Mining

A number of large investors have recently bought and sold shares of the stock. Dimensional Fund Advisors LP grew its stake in shares of Caledonia Mining by 18.9% during the 1st quarter. Dimensional Fund Advisors LP now owns 544,657 shares of the company’s stock valued at $12,303,000 after buying an additional 86,575 shares during the period. U S Global Investors Inc. raised its position in shares of Caledonia Mining by 115.7% in the 4th quarter. U S Global Investors Inc. now owns 217,334 shares of the company’s stock worth $5,688,000 after buying an additional 116,580 shares during the period. Geode Capital Management LLC boosted its holdings in Caledonia Mining by 1.2% in the second quarter. Geode Capital Management LLC now owns 205,326 shares of the company’s stock valued at $3,967,000 after acquiring an additional 2,463 shares during the last quarter. Arrowstreet Capital Limited Partnership boosted its holdings in Caledonia Mining by 112.3% in the first quarter. Arrowstreet Capital Limited Partnership now owns 193,812 shares of the company’s stock valued at $4,378,000 after acquiring an additional 102,518 shares during the last quarter. Finally, Mizuho Markets Americas LLC acquired a new position in Caledonia Mining in the first quarter valued at $4,001,000. Hedge funds and other institutional investors own 31.78% of the company’s stock.

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.