Caledonia Mining (NYSEAMERICAN:CMCL) Director Purchases $492,842.00 in Stock

Caledonia Mining Corporation PLC (NYSEAMERICAN:CMCL) Director July Ndlovu acquired 21,400 shares of the company’s stock in a transaction on Thursday, August 13th. The stock was bought at an average price of $23.03 per share, for a total transaction of $492,842.00. Following the purchase, the director owned 250,489 shares in the company, valued at approximately $5,768,761.67. This trade represents a 9.34% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.

Caledonia Mining Trading Up 5.5%

Shares of NYSEAMERICAN:CMCL opened at $24.35 on Thursday. The firm has a fifty day moving average of $19.81 and a two-hundred day moving average of $23.27. The company has a quick ratio of 5.03, a current ratio of 5.73 and a debt-to-equity ratio of 0.34. Caledonia Mining Corporation PLC has a 12-month low of $15.85 and a 12-month high of $38.75. The firm has a market capitalization of $470.20 million, a P/E ratio of 6.98 and a beta of 0.67.

Caledonia Mining (NYSEAMERICAN:CMCL) last posted its quarterly earnings results on Monday, August 10th. The company reported $1.36 earnings per share for the quarter, topping analysts’ consensus estimates of $0.54 by $0.82. Caledonia Mining had a net margin of 23.87% and a return on equity of 23.29%. The business had revenue of $75.91 million for the quarter, compared to the consensus estimate of $82.00 million.

Caledonia Mining Dividend Announcement

The company 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. This represents a $0.56 annualized dividend and a yield of 2.3%. The ex-dividend date of this dividend is Friday, August 21st. Caledonia Mining’s dividend payout ratio is presently 116.67%.

Institutional Investors Weigh In On Caledonia Mining

Several institutional investors have recently made changes to their positions in CMCL. Summit Global Investments grew its stake in shares of Caledonia Mining by 4.6% in the 1st quarter. Summit Global Investments now owns 13,514 shares of the company’s stock valued at $305,000 after buying an additional 598 shares in the last quarter. Deutsche Bank AG raised 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 valued at $280,000 after acquiring an additional 606 shares in the last quarter. Royal Bank of Canada lifted its stake in Caledonia Mining by 18.0% in the first quarter. Royal Bank of Canada now owns 4,229 shares of the company’s stock valued at $95,000 after acquiring an additional 646 shares during the last quarter. Empowered Funds LLC lifted its stake in Caledonia Mining by 0.7% in the fourth quarter. Empowered Funds LLC now owns 115,380 shares of the company’s stock valued at $3,019,000 after acquiring an additional 830 shares during the last quarter. Finally, Meeder Asset Management Inc. grew its position in Caledonia Mining by 296.9% in the first quarter. Meeder Asset Management Inc. now owns 1,151 shares of the company’s stock worth $26,000 after acquiring an additional 861 shares in the last quarter. 31.78% of the stock is currently owned by institutional investors and hedge funds.

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.