Navellier & Associates Inc. Has $341,000 Stock Position in Caledonia Mining Corporation PLC $CMCL

Navellier & Associates Inc. lessened its holdings in Caledonia Mining Corporation PLC (NYSEAMERICAN:CMCLFree Report) by 65.9% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 17,873 shares of the company’s stock after selling 34,498 shares during the period. Navellier & Associates Inc. owned about 0.09% of Caledonia Mining worth $341,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. Empowered Funds LLC boosted 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 valued at $1,192,000 after purchasing an additional 6,770 shares during the last quarter. Geode Capital Management LLC increased its holdings in Caledonia Mining by 1.2% during the 2nd 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 in the last quarter. JPMorgan Chase & Co. raised its stake in shares of Caledonia Mining by 10.4% in 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 last quarter. Legal & General Group Plc lifted its holdings in shares of Caledonia Mining by 166.9% in the second quarter. Legal & General Group Plc now owns 3,617 shares of the company’s stock valued at $70,000 after purchasing an additional 2,262 shares in the last quarter. Finally, Russell Investments Group Ltd. lifted its holdings in shares of Caledonia Mining by 32.1% in the second quarter. Russell Investments Group Ltd. now owns 7,933 shares of the company’s stock valued at $153,000 after purchasing an additional 1,928 shares in the last quarter. Institutional investors and hedge funds own 31.78% of the company’s stock.

Caledonia Mining Price Performance

Shares of NYSEAMERICAN:CMCL opened at $25.63 on Monday. The business’s 50 day moving average is $20.44 and its 200 day moving average is $23.11. Caledonia Mining Corporation PLC has a 12-month low of $15.85 and a 12-month high of $38.75. The stock has a market cap of $494.92 million, a price-to-earnings ratio of 7.34 and a beta of 0.67. The company has a quick ratio of 5.03, a current ratio of 5.73 and a debt-to-equity ratio of 0.34.

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

Caledonia Mining Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, September 4th. Investors of record on Friday, August 21st 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 2.2%. The ex-dividend date of this dividend is Friday, August 21st. Caledonia Mining’s dividend payout ratio (DPR) is presently 116.67%.

Insider Activity

In other news, Director July Ndlovu acquired 21,400 shares of Caledonia Mining stock in a transaction on Thursday, August 13th. The stock was acquired at an average cost of $23.03 per share, with a total value of $492,842.00. Following the transaction, the director owned 250,489 shares of the company’s stock, valued at approximately $5,768,761.67. This trade represents a 9.34% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Victor Gapare acquired 11,750 shares of the firm’s stock in a transaction on Thursday, June 11th. The stock was purchased at an average price of $18.70 per share, with a total value of $219,725.00. Following the purchase, the director owned 2,455,122 shares in the company, valued at approximately $45,910,781.40. The trade was a 0.48% increase in their position. The SEC filing for this purchase provides additional information. 3.68% of the stock is currently owned by insiders.

Caledonia Mining Profile

(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.

See Also

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Institutional Ownership by Quarter for Caledonia Mining (NYSEAMERICAN:CMCL)

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