Caledonia Mining Corporation PLC $CMCL Shares Sold by Goehring & Rozencwajg Associates LLC

Goehring & Rozencwajg Associates LLC lessened its holdings in Caledonia Mining Corporation PLC (NYSEAMERICAN:CMCL) by 29.4% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 165,304 shares of the company’s stock after selling 68,761 shares during the period. Goehring & Rozencwajg Associates LLC owned approximately 0.86% of Caledonia Mining worth $4,326,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also modified their holdings of the business. Dynamic Technology Lab Private Ltd acquired a new position in shares of Caledonia Mining in the 4th quarter valued at $273,000. Wells Fargo & Company MN lifted its stake in shares of Caledonia Mining by 39.8% in the 4th quarter. Wells Fargo & Company MN now owns 18,495 shares of the company’s stock valued at $484,000 after purchasing an additional 5,267 shares during the last quarter. Renaissance Technologies LLC lifted its stake in shares of Caledonia Mining by 300.1% in the 4th quarter. Renaissance Technologies LLC now owns 84,519 shares of the company’s stock valued at $2,212,000 after purchasing an additional 63,392 shares during the last quarter. Dimensional Fund Advisors LP lifted its stake in shares of Caledonia Mining by 7.3% in the 4th quarter. Dimensional Fund Advisors LP now owns 458,082 shares of the company’s stock valued at $11,989,000 after purchasing an additional 31,169 shares during the last quarter. Finally, Aviva PLC lifted its stake in shares of Caledonia Mining by 90.1% in the 4th quarter. Aviva PLC now owns 18,900 shares of the company’s stock valued at $495,000 after purchasing an additional 8,959 shares during the last quarter. Institutional investors and hedge funds own 31.78% of the company’s stock.

Caledonia Mining Stock Performance

Shares of Caledonia Mining stock opened at $20.18 on Friday. Caledonia Mining Corporation PLC has a 52 week low of $18.40 and a 52 week high of $38.75. The business’s fifty day simple moving average is $23.29 and its 200-day simple moving average is $25.93. The firm has a market cap of $389.68 million, a PE ratio of 6.33 and a beta of 0.61. 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 (NYSEAMERICAN:CMCL) last announced its quarterly earnings results on Monday, May 11th. The company reported $0.80 EPS for the quarter, beating the consensus estimate of $0.67 by $0.13. The business had revenue of $66.43 million for 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 company also recently disclosed a quarterly dividend, which was paid on Friday, June 5th. Investors of record on Friday, May 22nd were issued a $0.14 dividend. This represents a $0.56 annualized dividend and a dividend yield of 2.8%. The ex-dividend date was Friday, May 22nd. Caledonia Mining’s payout ratio is currently 116.67%.

Insider Activity

In related news, Director July Ndlovu sold 20,000 shares of the business’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 owned 229,089 shares in the company, valued at approximately $3,938,039.91. The trade was a 8.03% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 3.68% of the company’s stock.

Caledonia Mining 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.