Caledonia Mining (NYSEAMERICAN:CMCL) Director Acquires $219,725.00 in Stock

Caledonia Mining Corporation PLC (NYSEAMERICAN:CMCL) Director Victor Gapare purchased 11,750 shares of the company’s stock in a transaction that occurred on Thursday, June 11th. The stock was bought at an average price 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 represents a 0.48% increase in their position. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this link.

Caledonia Mining Stock Performance

Shares of NYSEAMERICAN CMCL opened at $20.18 on Monday. Caledonia Mining Corporation PLC has a 1-year low of $18.40 and a 1-year high of $38.75. The company has a debt-to-equity ratio of 0.35, a current ratio of 4.66 and a quick ratio of 4.08. The business’s 50 day moving average is $23.29 and its two-hundred day moving average is $25.92. The stock has a market capitalization 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 data 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 business had revenue of $66.43 million during the quarter, compared to analyst estimates of $79.20 million. Caledonia Mining had a return on equity of 23.90% and a net margin of 23.59%.

Caledonia Mining Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, June 5th. Investors of record on Friday, May 22nd were given a $0.14 dividend. The ex-dividend date was Friday, May 22nd. This represents a $0.56 dividend on an annualized basis and a yield of 2.8%. Caledonia Mining’s dividend payout ratio (DPR) is currently 116.67%.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the company. Meeder Asset Management Inc. lifted its holdings in shares of Caledonia Mining by 296.9% in the 1st quarter. Meeder Asset Management Inc. now owns 1,151 shares of the company’s stock worth $26,000 after acquiring an additional 861 shares during the last quarter. EverSource Wealth Advisors LLC grew its holdings in Caledonia Mining by 6,486.2% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,910 shares of the company’s stock valued at $37,000 after purchasing an additional 1,881 shares during the last quarter. Smartleaf Asset Management LLC raised its position in Caledonia Mining by 65.7% in the 3rd quarter. Smartleaf Asset Management LLC now owns 1,037 shares of the company’s stock worth $38,000 after purchasing an additional 411 shares during the period. Virtus Advisers LLC bought a new stake in Caledonia Mining in the fourth quarter worth about $42,000. Finally, Quarry LP bought a new stake in Caledonia Mining in the third quarter worth about $50,000. Institutional investors 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.