TrueMark Investments LLC Takes $1.24 Million Position in Caledonia Mining Corporation PLC $CMCL

TrueMark Investments LLC purchased a new stake in Caledonia Mining Corporation PLC (NYSEAMERICAN:CMCL) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 47,531 shares of the company’s stock, valued at approximately $1,244,000. TrueMark Investments LLC owned 0.25% of Caledonia Mining at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in CMCL. Empowered Funds LLC increased its stake in Caledonia Mining by 7.6% during the 1st quarter. Empowered Funds LLC now owns 95,454 shares of the company’s stock worth $1,192,000 after acquiring an additional 6,770 shares during the period. Geode Capital Management LLC lifted its position in shares of Caledonia Mining by 1.2% during the 2nd 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 period. JPMorgan Chase & Co. grew its holdings in shares of Caledonia Mining by 10.4% during the 2nd quarter. JPMorgan Chase & Co. now owns 9,559 shares of the company’s stock worth $185,000 after purchasing an additional 902 shares in the last quarter. Legal & General Group Plc grew its holdings in shares of Caledonia Mining by 166.9% during the 2nd quarter. Legal & General Group Plc now owns 3,617 shares of the company’s stock worth $70,000 after purchasing an additional 2,262 shares in the last quarter. Finally, American Century Companies Inc. increased its position in shares of Caledonia Mining by 17.8% in the second quarter. American Century Companies Inc. now owns 433,337 shares of the company’s stock worth $8,372,000 after purchasing an additional 65,440 shares during the period. Institutional investors and hedge funds own 31.78% of the company’s stock.

Caledonia Mining Price Performance

CMCL stock opened at $22.27 on Monday. The company has a market cap of $428.03 million, a PE ratio of 7.84 and a beta of 0.48. The business has a 50-day simple moving average of $27.84 and a 200 day simple moving average of $29.23. Caledonia Mining Corporation PLC has a 52 week low of $10.65 and a 52 week high of $38.75. The company has a quick ratio of 1.25, a current ratio of 1.69 and a debt-to-equity ratio of 0.02.

Caledonia Mining (NYSEAMERICAN:CMCL) last announced its quarterly earnings data on Monday, March 23rd. The company reported $0.56 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.59 by ($0.03). Caledonia Mining had a return on equity of 23.61% and a net margin of 21.90%.The firm had revenue of $74.74 million for the quarter, compared to analyst estimates of $71.90 million.

Caledonia Mining Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, April 17th. Stockholders of record on Thursday, April 2nd will be issued a dividend of $0.14 per share. This represents a $0.56 dividend on an annualized basis and a dividend yield of 2.5%. The ex-dividend date of this dividend is Thursday, April 2nd. Caledonia Mining’s dividend payout ratio is 116.67%.

Caledonia Mining 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.