Caledonia Mining Corporation PLC $CMCL Shares Sold by Renaissance Technologies LLC

Renaissance Technologies LLC lowered its stake in shares of Caledonia Mining Corporation PLC (NYSEAMERICAN:CMCL) by 77.5% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 19,027 shares of the company’s stock after selling 65,492 shares during the period. Renaissance Technologies LLC owned about 0.10% of Caledonia Mining worth $430,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently modified their holdings of the stock. Dimensional Fund Advisors LP boosted its holdings in Caledonia Mining by 18.9% in the 1st quarter. Dimensional Fund Advisors LP now owns 544,657 shares of the company’s stock worth $12,303,000 after buying an additional 86,575 shares during the last quarter. U S Global Investors Inc. raised its holdings in shares of 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 acquiring an additional 116,580 shares during the last quarter. Geode Capital Management LLC lifted its position in shares of Caledonia Mining by 1.2% in the second quarter. Geode Capital Management LLC now owns 205,326 shares of the company’s stock valued at $3,967,000 after acquiring an additional 2,463 shares in the last quarter. Arrowstreet Capital Limited Partnership lifted its position in shares of Caledonia Mining by 112.3% in the first quarter. Arrowstreet Capital Limited Partnership now owns 193,812 shares of the company’s stock valued at $4,378,000 after acquiring an additional 102,518 shares in the last quarter. Finally, Mizuho Markets Americas LLC purchased a new position in shares of Caledonia Mining in the first quarter valued at approximately $4,001,000. Institutional investors and hedge funds own 31.78% of the company’s stock.

Insider Activity

In other Caledonia Mining news, Director July Ndlovu acquired 21,400 shares of the company’s stock in a transaction that occurred on Thursday, August 13th. The stock was bought at an average price of $23.03 per share, with a total value of $492,842.00. Following the purchase, the director owned 250,489 shares in the company, valued at approximately $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 Securities & Exchange Commission, which is available through the SEC website. Also, Director Victor Gapare acquired 11,750 shares of the business’s stock in a transaction on Thursday, June 11th. The stock was acquired at an average price of $18.70 per share, with a total value of $219,725.00. Following the acquisition, the director owned 2,455,122 shares in the company, valued at $45,910,781.40. The trade was a 0.48% increase in their position. The SEC filing for this purchase provides additional information. Company insiders own 3.68% of the company’s stock.

Caledonia Mining Stock Performance

Shares of NYSEAMERICAN:CMCL opened at $23.45 on Tuesday. The company has a debt-to-equity ratio of 0.34, a current ratio of 5.73 and a quick ratio of 5.03. Caledonia Mining Corporation PLC has a 1 year low of $15.85 and a 1 year high of $38.75. The firm has a market capitalization of $452.82 million, a PE ratio of 6.72 and a beta of 0.67. The business’s 50 day moving average price is $19.62 and its 200-day moving average price is $23.38.

Caledonia Mining (NYSEAMERICAN:CMCL) last posted its quarterly earnings data on Monday, August 10th. The company reported $1.36 EPS for the quarter, beating 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 the consensus estimate of $82.00 million.

Caledonia Mining Announces Dividend

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

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.