UBS Group AG Has $2.86 Million Position in Caledonia Mining Corporation PLC $CMCL

UBS Group AG lifted its position in shares of Caledonia Mining Corporation PLC (NYSEAMERICAN:CMCL) by 103.2% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 109,297 shares of the company’s stock after buying an additional 55,510 shares during the period. UBS Group AG owned about 0.57% of Caledonia Mining worth $2,860,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently modified their holdings of the company. Smartleaf Asset Management LLC boosted its position in shares of Caledonia Mining by 65.7% during the third quarter. Smartleaf Asset Management LLC now owns 1,037 shares of the company’s stock worth $38,000 after buying an additional 411 shares during the period. State of Alaska Department of Revenue bought a new stake in Caledonia Mining during the third quarter worth about $27,000. JPMorgan Chase & Co. raised its holdings in Caledonia Mining by 10.4% during the second quarter. JPMorgan Chase & Co. now owns 9,559 shares of the company’s stock worth $185,000 after acquiring an additional 902 shares in the last quarter. Alliancebernstein L.P. raised its holdings in Caledonia Mining by 10.8% during the third quarter. Alliancebernstein L.P. now owns 12,340 shares of the company’s stock worth $447,000 after acquiring an additional 1,200 shares in the last quarter. Finally, Quarry LP bought a new stake in Caledonia Mining during the third quarter worth about $50,000. 31.78% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Caledonia Mining

In related 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 approximately $3,938,039.91. This represents a 8.03% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 3.68% of the company’s stock.

Caledonia Mining Stock Performance

CMCL opened at $22.80 on Tuesday. Caledonia Mining Corporation PLC has a 52-week low of $16.36 and a 52-week high of $38.75. The firm has a market capitalization of $440.27 million, a PE ratio of 7.15 and a beta of 0.61. The company has a debt-to-equity ratio of 0.35, a quick ratio of 4.08 and a current ratio of 4.66. The business’s 50-day simple moving average is $23.79 and its 200 day simple moving average is $26.58.

Caledonia Mining (NYSEAMERICAN:CMCL) last released its earnings results on Monday, May 11th. The company reported $0.80 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.67 by $0.13. Caledonia Mining had a return on equity of 23.90% and a net margin of 23.59%.The business had revenue of $66.43 million for the quarter, compared to analyst estimates of $79.20 million.

Caledonia Mining Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, June 5th. Investors of record on Friday, May 22nd will be issued a dividend of $0.14 per share. This represents a $0.56 annualized dividend and a yield of 2.5%. The ex-dividend date is Friday, May 22nd. Caledonia Mining’s dividend payout ratio is presently 116.67%.

About Caledonia Mining

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.