NFJ Investment Group LLC Purchases Shares of 112,872 Caledonia Mining Corporation PLC $CMCL

NFJ Investment Group LLC purchased a new stake in shares of Caledonia Mining Corporation PLC (NYSEAMERICAN:CMCL) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 112,872 shares of the company’s stock, valued at approximately $2,954,000.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of CMCL. Marshall Wace LLP lifted its position in Caledonia Mining by 287.0% during the second quarter. Marshall Wace LLP now owns 164,533 shares of the company’s stock valued at $3,179,000 after buying an additional 122,022 shares in the last quarter. U S Global Investors Inc. lifted its position in Caledonia Mining by 115.7% during the fourth quarter. U S Global Investors Inc. now owns 217,334 shares of the company’s stock valued at $5,688,000 after buying an additional 116,580 shares in the last quarter. Massachusetts Financial Services Co. MA acquired a new position in shares of Caledonia Mining during the fourth quarter worth $2,615,000. American Century Companies Inc. lifted its position in shares of Caledonia Mining by 20.3% during the third quarter. American Century Companies Inc. now owns 521,477 shares of the company’s stock worth $18,883,000 after purchasing an additional 88,140 shares in the last quarter. Finally, Invesco Ltd. lifted its position in shares of Caledonia Mining by 346.0% during the third quarter. Invesco Ltd. now owns 109,994 shares of the company’s stock worth $3,983,000 after purchasing an additional 85,334 shares in the last quarter. 31.78% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Caledonia Mining

In other news, Director July Ndlovu sold 20,000 shares of the company’s stock in a transaction dated Monday, May 18th. The shares were sold at an average price of $17.19, for a total transaction of $343,800.00. Following the completion of the transaction, 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 Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 3.68% of the company’s stock.

Caledonia Mining Stock Performance

NYSEAMERICAN CMCL opened at $20.18 on Monday. The company’s fifty day simple moving average is $23.29 and its 200-day simple moving average is $25.92. Caledonia Mining Corporation PLC has a 52 week low of $18.40 and a 52 week high of $38.75. The company has a current ratio of 4.66, a quick ratio of 4.08 and a debt-to-equity ratio of 0.35. The stock has a market cap of $389.68 million, a P/E ratio of 6.33 and a beta of 0.61.

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

Caledonia Mining Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, June 5th. Shareholders of record on Friday, May 22nd were paid 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 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.