July Ndlovu Purchases 15,000 Shares of Caledonia Mining (NYSEAMERICAN:CMCL) Stock

Caledonia Mining Corporation PLC (NYSEAMERICAN:CMCL) Director July Ndlovu bought 15,000 shares of the firm’s stock in a transaction that occurred on Wednesday, May 13th. The shares were acquired at an average price of $24.81 per share, with a total value of $372,150.00. Following the purchase, the director owned 229,089 shares of the company’s stock, valued at $5,683,698.09. The trade was a 7.01% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

Caledonia Mining Stock Performance

Shares of Caledonia Mining stock opened at $23.04 on Friday. The company has a quick ratio of 1.13, a current ratio of 4.66 and a debt-to-equity ratio of 0.35. Caledonia Mining Corporation PLC has a 52 week low of $14.07 and a 52 week high of $38.75. The firm’s 50 day moving average is $24.18 and its two-hundred day moving average is $26.83. The firm has a market capitalization of $444.90 million, a P/E ratio of 7.22 and a beta of 0.61.

Caledonia Mining (NYSEAMERICAN:CMCL) last issued its quarterly earnings data on Monday, May 11th. The company reported $0.80 earnings per share for the quarter, topping the consensus estimate of $0.67 by $0.13. Caledonia Mining had a net margin of 23.59% and a return on equity of 23.90%. The business had revenue of $66.43 million during the quarter, compared to the consensus estimate of $79.20 million.

Caledonia Mining Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 5th. Shareholders of record on Friday, May 22nd will be paid a $0.14 dividend. This represents a $0.56 annualized dividend and a yield of 2.4%. The ex-dividend date is Friday, May 22nd. Caledonia Mining’s dividend payout ratio is currently 116.67%.

Institutional Trading of Caledonia Mining

Institutional investors and hedge funds have recently made changes to their positions in the company. Quantinno Capital Management LP boosted its position in shares of Caledonia Mining by 33.6% in the 1st quarter. Quantinno Capital Management LP now owns 51,398 shares of the company’s stock valued at $1,161,000 after purchasing an additional 12,922 shares during the period. Lazard Asset Management LLC increased its position in Caledonia Mining by 44.2% during the first quarter. Lazard Asset Management LLC now owns 11,446 shares of the company’s stock worth $259,000 after buying an additional 3,507 shares during the period. Healthcare of Ontario Pension Plan Trust Fund purchased a new stake in Caledonia Mining in the first quarter valued at approximately $89,000. Public Employees Retirement System of Ohio acquired a new stake in shares of Caledonia Mining in the first quarter valued at approximately $284,000. Finally, Arrowstreet Capital Limited Partnership boosted its holdings in shares of 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 period. 31.78% of the stock is owned by hedge funds and other institutional investors.

About Caledonia Mining

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.