Caledonia Mining Corporation PLC (NYSEAMERICAN:CMCL – Get Free Report) Director July Ndlovu purchased 15,000 shares of the firm’s stock in a transaction on Wednesday, May 13th. The stock was acquired at an average cost of $24.81 per share, with a total value of $372,150.00. Following the transaction, the director directly owned 229,089 shares in the company, valued at $5,683,698.09. This trade represents a 7.01% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which can be accessed through this link.
Caledonia Mining Stock Performance
NYSEAMERICAN:CMCL opened at $23.92 on Friday. Caledonia Mining Corporation PLC has a 52 week low of $13.99 and a 52 week high of $38.75. The company has a fifty day simple moving average of $24.30 and a two-hundred day simple moving average of $26.86. The company has a quick ratio of 1.13, a current ratio of 4.66 and a debt-to-equity ratio of 0.35. The company has a market cap of $461.90 million, a price-to-earnings ratio of 7.50 and a beta of 0.61.
Caledonia Mining (NYSEAMERICAN:CMCL – Get Free Report) last announced its quarterly earnings data on Monday, May 11th. The company reported $0.80 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.67 by $0.13. The business 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 Announces Dividend
Hedge Funds Weigh In On Caledonia Mining
Institutional investors and hedge funds have recently made changes to their positions in the stock. Meeder Asset Management Inc. raised its holdings in Caledonia Mining by 296.9% in the first quarter. Meeder Asset Management Inc. now owns 1,151 shares of the company’s stock valued at $26,000 after acquiring an additional 861 shares in the last quarter. State of Alaska Department of Revenue acquired a new position in Caledonia Mining during the 3rd quarter worth approximately $27,000. EverSource Wealth Advisors LLC increased its position 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 valued at $37,000 after purchasing an additional 1,881 shares during the last quarter. Smartleaf Asset Management LLC increased its position in shares of Caledonia Mining by 65.7% in the 3rd quarter. Smartleaf Asset Management LLC now owns 1,037 shares of the company’s stock valued at $38,000 after purchasing an additional 411 shares during the last quarter. Finally, Virtus Advisers LLC acquired a new stake in shares of Caledonia Mining in the 4th quarter valued at $42,000. 31.78% of the stock is owned by institutional investors and hedge funds.
Caledonia Mining Company 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.
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