Caledonia Mining (NYSEAMERICAN:CMCL) Director July Ndlovu Sells 20,000 Shares

Caledonia Mining Corporation PLC (NYSEAMERICAN:CMCL) Director July Ndlovu sold 20,000 shares of the firm’s stock in a transaction on Monday, May 18th. The stock was sold at an average price of $17.19, for a total value of $343,800.00. Following the sale, the director directly owned 229,089 shares of the company’s stock, valued at approximately $3,938,039.91. This represents a 8.03% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

July Ndlovu also recently made the following trade(s):

• On Wednesday, May 13th, July Ndlovu acquired 15,000 shares of Caledonia Mining stock. The shares were bought at an average cost of $24.81 per share, with a total value of $372,150.00.

Caledonia Mining Stock Down 2.9%

Shares of Caledonia Mining stock traded down $0.69 during midday trading on Tuesday, hitting $23.00. The company’s stock had a trading volume of 121,645 shares, compared to its average volume of 330,110. The firm has a market capitalization of $444.13 million, a P/E ratio of 7.21 and a beta of 0.61. The stock has a 50-day simple moving average of $24.10 and a 200-day simple moving average of $26.77. The company has a quick ratio of 4.08, a current ratio of 4.66 and a debt-to-equity ratio of 0.35. Caledonia Mining Corporation PLC has a 1-year low of $16.36 and a 1-year high of $38.75.

Caledonia Mining (NYSEAMERICAN:CMCL) last issued its earnings results on Monday, May 11th. The company reported $0.80 EPS for the quarter, topping the consensus estimate of $0.67 by $0.13. The business had revenue of $66.43 million during 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

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 5th. Stockholders of record on Friday, May 22nd will be given a $0.14 dividend. This represents a $0.56 annualized dividend and a dividend yield of 2.4%. The ex-dividend date of this dividend is Friday, May 22nd. Caledonia Mining’s dividend payout ratio (DPR) is 116.67%.

Institutional Trading of Caledonia Mining

Hedge funds and other institutional investors have recently modified their holdings of the business. Navellier & Associates Inc. acquired a new stake in shares of Caledonia Mining in the third quarter worth $2,047,000. U S Global Investors Inc. boosted its position in shares of Caledonia Mining by 115.7% in the fourth quarter. U S Global Investors Inc. now owns 217,334 shares of the company’s stock worth $5,688,000 after buying an additional 116,580 shares during the period. TrueMark Investments LLC acquired a new stake in shares of Caledonia Mining in the fourth quarter worth $1,244,000. Massachusetts Financial Services Co. MA acquired a new stake in shares of Caledonia Mining in the fourth quarter worth $2,615,000. Finally, American Century Companies Inc. boosted its position in shares of Caledonia Mining by 20.3% in the third quarter. American Century Companies Inc. now owns 521,477 shares of the company’s stock worth $18,883,000 after buying an additional 88,140 shares during the period. Institutional investors and hedge funds own 31.78% of the company’s stock.

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.