Renaissance Technologies LLC reduced its stake in Caledonia Mining Corporation PLC (NYSEAMERICAN:CMCL – Free Report) by 77.5% in the 1st quarter, Holdings Channel reports. The institutional investor owned 19,027 shares of the company’s stock after selling 65,492 shares during the period. Renaissance Technologies LLC’s holdings in Caledonia Mining were worth $430,000 at the end of the most recent quarter.
Other institutional investors have also modified their holdings of the company. Summit Global Investments boosted its position in shares of Caledonia Mining by 4.6% during the 1st quarter. Summit Global Investments now owns 13,514 shares of the company’s stock valued at $305,000 after acquiring an additional 598 shares during the last quarter. Deutsche Bank AG increased its position in Caledonia Mining by 6.0% during the fourth quarter. Deutsche Bank AG now owns 10,699 shares of the company’s stock worth $280,000 after purchasing an additional 606 shares during the last quarter. Empowered Funds LLC boosted its holdings in Caledonia Mining by 0.7% in the 4th quarter. Empowered Funds LLC now owns 115,380 shares of the company’s stock valued at $3,019,000 after purchasing an additional 830 shares during the last quarter. Meeder Asset Management Inc. boosted its holdings in Caledonia Mining by 296.9% in the 1st quarter. Meeder Asset Management Inc. now owns 1,151 shares of the company’s stock valued at $26,000 after purchasing an additional 861 shares during the last quarter. Finally, JPMorgan Chase & Co. grew its stake in shares of Caledonia Mining by 10.4% in the 2nd quarter. JPMorgan Chase & Co. now owns 9,559 shares of the company’s stock valued at $185,000 after buying an additional 902 shares during the period. Hedge funds and other institutional investors own 31.78% of the company’s stock.
Caledonia Mining Stock Up 4.4%
Shares of NYSEAMERICAN CMCL opened at $23.45 on Tuesday. The company has a 50 day simple moving average of $19.62 and a 200-day simple moving average of $23.38. The company has a market capitalization of $452.82 million, a P/E ratio of 6.72 and a beta of 0.67. The company has a debt-to-equity ratio of 0.34, a current ratio of 5.73 and a quick ratio of 5.03. Caledonia Mining Corporation PLC has a 1 year low of $15.85 and a 1 year high of $38.75.
Caledonia Mining Dividend Announcement
The firm also recently announced a quarterly dividend, which will be paid on Friday, September 4th. Shareholders of record on Friday, August 21st will be given a $0.14 dividend. The ex-dividend date is Friday, August 21st. This represents a $0.56 dividend on an annualized basis and a yield of 2.4%. Caledonia Mining’s payout ratio is currently 116.67%.
Insiders Place Their Bets
In other Caledonia Mining news, Director Victor Gapare acquired 11,750 shares of the business’s stock in a transaction that occurred on Thursday, June 11th. The stock was purchased at an average cost of $18.70 per share, with a total value of $219,725.00. Following the transaction, the director owned 2,455,122 shares of the company’s stock, valued at $45,910,781.40. This trade represents a 0.48% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director July Ndlovu acquired 21,400 shares of the business’s stock in a transaction that occurred on Thursday, August 13th. The shares were acquired at an average cost of $23.03 per share, with a total value of $492,842.00. Following the completion of the transaction, the director directly owned 250,489 shares in the company, valued at approximately $5,768,761.67. The trade was a 9.34% increase in their position. The SEC filing for this purchase provides additional information. 3.68% of the stock is owned by insiders.
Caledonia Mining 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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