July Ndlovu Sells 20,000 Shares of Caledonia Mining (NYSEAMERICAN:CMCL) Stock

Caledonia Mining Corporation PLC (NYSEAMERICAN:CMCLGet Free Report) Director July Ndlovu sold 20,000 shares of the stock in a transaction that occurred on Monday, May 18th. The stock was sold at an average price of $17.19, for a total value of $343,800.00. Following the transaction, the director owned 229,089 shares in the company, valued at $3,938,039.91. The trade was a 8.03% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website.

July Ndlovu also recently made the following trade(s):

  • On Wednesday, May 13th, July Ndlovu purchased 15,000 shares of Caledonia Mining stock. The shares were acquired at an average price of $24.81 per share, for a total transaction of $372,150.00.

Caledonia Mining Price Performance

Caledonia Mining stock opened at $22.96 on Thursday. The stock has a market capitalization of $443.36 million, a price-to-earnings ratio of 7.20 and a beta of 0.61. Caledonia Mining Corporation PLC has a 52-week low of $16.36 and a 52-week high of $38.75. The stock’s 50 day moving average price is $23.98 and its two-hundred day moving average price is $26.68. The company has a debt-to-equity ratio of 0.35, a quick ratio of 4.08 and a current ratio of 4.66.

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

Caledonia Mining Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, June 5th. Stockholders of record on Friday, May 22nd will be given a dividend of $0.14 per share. This represents a $0.56 dividend on an annualized basis and a dividend yield of 2.4%. The ex-dividend date of this dividend is Friday, May 22nd. Caledonia Mining’s dividend payout ratio is presently 116.67%.

Hedge Funds Weigh In On Caledonia Mining

A number of institutional investors have recently modified their holdings of CMCL. Empowered Funds LLC raised its position in shares of Caledonia Mining by 7.6% during the first quarter. Empowered Funds LLC now owns 95,454 shares of the company’s stock worth $1,192,000 after purchasing an additional 6,770 shares during the period. Geode Capital Management LLC raised its position in shares of Caledonia Mining by 1.2% during the second quarter. Geode Capital Management LLC now owns 205,326 shares of the company’s stock worth $3,967,000 after purchasing an additional 2,463 shares during the period. JPMorgan Chase & Co. raised its position 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 worth $185,000 after purchasing an additional 902 shares during the period. Legal & General Group Plc raised its position in shares of Caledonia Mining by 166.9% during the second 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 during the period. Finally, Russell Investments Group Ltd. raised its position in shares of Caledonia Mining by 32.1% during the second quarter. Russell Investments Group Ltd. now owns 7,933 shares of the company’s stock worth $153,000 after purchasing an additional 1,928 shares during the period. 31.78% of the stock is owned by institutional investors and hedge funds.

About Caledonia Mining

(Get Free Report)

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.

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