Caledonia Mining (NYSEAMERICAN:CMCL) Director July Ndlovu Buys 21,400 Shares

Caledonia Mining Corporation PLC (NYSEAMERICAN:CMCLGet Free Report) Director July Ndlovu acquired 21,400 shares of the business’s stock in a transaction that occurred on Thursday, August 13th. The stock was purchased at an average cost of $23.03 per share, with a total value of $492,842.00. Following the acquisition, 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 ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available through this hyperlink.

Caledonia Mining Stock Up 4.4%

Caledonia Mining stock opened at $23.45 on Tuesday. Caledonia Mining Corporation PLC has a one year low of $15.85 and a one year high of $38.75. The stock has a fifty day moving average of $19.62 and a 200 day moving average of $23.38. The company has a debt-to-equity ratio of 0.34, a quick ratio of 5.03 and a current ratio of 5.73. The stock has a market cap of $452.82 million, a PE ratio of 6.72 and a beta of 0.67.

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

Caledonia Mining Dividend Announcement

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

Institutional Trading of Caledonia Mining

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Meeder Asset Management Inc. raised its holdings in shares of Caledonia Mining by 296.9% during the 1st quarter. Meeder Asset Management Inc. now owns 1,151 shares of the company’s stock worth $26,000 after acquiring an additional 861 shares in the last quarter. EverSource Wealth Advisors LLC grew its stake in shares of Caledonia Mining by 6,486.2% in 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 in the last quarter. Virtus Advisers LLC bought a new stake in shares of Caledonia Mining in the 4th quarter worth about $42,000. Quarry LP bought a new stake in shares of Caledonia Mining in the 3rd quarter worth about $50,000. Finally, State of Wyoming purchased a new stake in shares of Caledonia Mining during the 1st quarter valued at about $54,000. Institutional investors own 31.78% of the company’s stock.

Caledonia Mining Company Profile

(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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