26,051 Shares in Caledonia Mining Corporation PLC $CMCL Purchased by Public Employees Retirement System of Ohio

Public Employees Retirement System of Ohio bought a new position in shares of Caledonia Mining Corporation PLC (NYSEAMERICAN:CMCL) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 26,051 shares of the company’s stock, valued at approximately $498,000.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Meeder Asset Management Inc. grew its stake 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 buying an additional 861 shares during the period. Quarry LP purchased a new stake in shares of Caledonia Mining during the 3rd quarter valued at approximately $50,000. Virtus Advisers LLC purchased a new stake in shares of Caledonia Mining during the 4th quarter valued at approximately $42,000. Banque Cantonale Vaudoise acquired a new position in Caledonia Mining in the third quarter valued at approximately $64,000. Finally, EverSource Wealth Advisors LLC lifted 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 acquiring an additional 1,881 shares during the last quarter. 31.78% of the stock is currently owned by institutional investors and hedge funds.

Caledonia Mining Trading Down 2.4%

Shares of Caledonia Mining stock opened at $25.36 on Friday. The stock has a 50 day moving average of $21.54 and a 200 day moving average of $22.90. The company has a debt-to-equity ratio of 0.34, a quick ratio of 5.03 and a current ratio of 5.73. The firm has a market capitalization of $489.70 million, a price-to-earnings ratio of 7.27 and a beta of 0.73. Caledonia Mining Corporation PLC has a fifty-two week low of $15.85 and a fifty-two week high of $38.75.

Caledonia Mining (NYSEAMERICAN:CMCL) last posted its earnings results on Monday, August 10th. The company reported $1.36 EPS for the quarter, beating analysts’ consensus estimates of $0.54 by $0.82. Caledonia Mining had a return on equity of 23.29% and a net margin of 23.87%.The company had revenue of $75.91 million for the quarter, compared to the consensus estimate of $82.00 million.

Caledonia Mining Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 4th. Investors of record on Friday, August 21st were issued a $0.14 dividend. This represents a $0.56 annualized dividend and a yield of 2.2%. The ex-dividend date was Friday, August 21st. Caledonia Mining’s payout ratio is 116.67%.

Insider Transactions at Caledonia Mining

In related news, Director July Ndlovu bought 21,400 shares of the firm’s stock in a transaction on Thursday, August 13th. The shares were bought at an average price of $23.03 per share, with a total value of $492,842.00. Following the completion of the transaction, the director directly owned 250,489 shares of the company’s stock, valued at $5,768,761.67. This represents a 9.34% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Company 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.