Caledonia Mining (NYSEAMERICAN:CMCL) Director July Ndlovu Acquires 21,400 Shares of Stock

Caledonia Mining Corporation PLC (NYSEAMERICAN:CMCL) Director July Ndlovu bought 21,400 shares of Caledonia Mining stock in a transaction that occurred on Thursday, August 13th. The stock was purchased at an average price of $23.03 per share, with a total value of $492,842.00. Following the purchase, the director directly owned 250,489 shares in the company, valued at $5,768,761.67. The trade was a 9.34% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link.

Caledonia Mining Stock Performance

Caledonia Mining stock traded up $0.98 during trading hours on Monday, hitting $23.45. 258,798 shares of the stock traded hands, compared to its average volume of 296,525. The company has a debt-to-equity ratio of 0.34, a current ratio of 5.73 and a quick ratio of 5.03. The firm’s 50 day moving average price is $19.54 and its 200-day moving average price is $23.44. The stock has a market capitalization of $452.82 million, a price-to-earnings ratio of 6.72 and a beta of 0.67. Caledonia Mining Corporation PLC has a 1 year low of $15.85 and a 1 year high of $38.75.

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

Caledonia Mining Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 4th. Investors of record on Friday, August 21st will be issued a $0.14 dividend. This represents a $0.56 annualized dividend and a yield of 2.4%. The ex-dividend date is Friday, August 21st. Caledonia Mining’s dividend payout ratio is 116.67%.

Institutional Trading of Caledonia Mining

Several institutional investors and hedge funds have recently bought and sold shares of the business. Meeder Asset Management Inc. boosted 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 valued at $26,000 after acquiring an additional 861 shares during the last quarter. Quarry LP purchased a new position in shares of Caledonia Mining during the third quarter worth $50,000. Virtus Advisers LLC acquired a new position in Caledonia Mining during the fourth quarter valued at $42,000. Banque Cantonale Vaudoise purchased a new stake in Caledonia Mining in the third quarter valued at $64,000. Finally, EverSource Wealth Advisors LLC boosted its holdings in Caledonia Mining by 6,486.2% in the second 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. 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.