Goehring & Rozencwajg Associates LLC lessened its position in Caledonia Mining Corporation PLC (NYSEAMERICAN:CMCL – Free Report) by 29.4% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 165,304 shares of the company’s stock after selling 68,761 shares during the quarter. Goehring & Rozencwajg Associates LLC’s holdings in Caledonia Mining were worth $4,326,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also recently modified their holdings of the company. Smartleaf Asset Management LLC raised its holdings 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 buying an additional 411 shares during the period. Quarry LP purchased a new stake in shares of Caledonia Mining in the 3rd quarter valued at $50,000. Banque Cantonale Vaudoise purchased a new stake in Caledonia Mining during the 3rd quarter worth about $64,000. EverSource Wealth Advisors LLC increased its holdings in Caledonia Mining by 6,486.2% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,910 shares of the company’s stock worth $37,000 after purchasing an additional 1,881 shares during the period. Finally, Legal & General Group Plc increased its holdings in 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 during the period. Hedge funds and other institutional investors own 31.78% of the company’s stock.
Caledonia Mining Price Performance
Shares of NYSEAMERICAN CMCL opened at $20.18 on Friday. The stock’s 50-day moving average is $23.29 and its two-hundred day moving average is $25.93. The company has a debt-to-equity ratio of 0.35, a current ratio of 4.66 and a quick ratio of 4.08. Caledonia Mining Corporation PLC has a 1-year low of $18.40 and a 1-year high of $38.75. The company has a market cap of $389.68 million, a price-to-earnings ratio of 6.33 and a beta of 0.61.
Caledonia Mining Dividend Announcement
The business also recently declared a quarterly dividend, which was paid on Friday, June 5th. Shareholders of record on Friday, May 22nd were issued a dividend of $0.14 per share. The ex-dividend date was Friday, May 22nd. This represents a $0.56 annualized dividend and a yield of 2.8%. Caledonia Mining’s dividend payout ratio is 116.67%.
Insiders Place Their Bets
In other Caledonia Mining news, Director July Ndlovu sold 20,000 shares of the company’s stock in a transaction dated Monday, May 18th. The stock was sold at an average price of $17.19, for a total transaction of $343,800.00. Following the sale, the director owned 229,089 shares in the company, valued at $3,938,039.91. This represents a 8.03% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 3.68% of the stock is currently owned by company insiders.
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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