Key Points
- Director buying: Caledonia Mining director July Ndlovu bought 15,000 shares at $24.81 each, a $372,150 purchase that lifted his holdings by 7.01% to 229,089 shares.
- Recent performance: The stock was trading down 3.7% at $23.04, below both its 50-day moving average of $24.18 and 200-day moving average of $26.83.
- Fundamentals and shareholder returns: The company recently beat EPS expectations with $0.80 per share versus $0.67 expected and announced a quarterly dividend of $0.14 per share, equal to a 2.4% annualized yield.
Caledonia Mining Corporation PLC (NYSEAMERICAN:CMCL - Get Free Report) Director July Ndlovu purchased 15,000 shares of the business's stock in a transaction on Wednesday, May 13th. The stock was purchased at an average cost of $24.81 per share, with a total value of $372,150.00. Following the acquisition, the director owned 229,089 shares in the company, valued at approximately $5,683,698.09. This represents a 7.01% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which can be accessed through this hyperlink.
Caledonia Mining Trading Down 3.7%
Caledonia Mining stock opened at $23.04 on Friday. The business has a 50 day moving average price of $24.18 and a two-hundred day moving average price of $26.83. The company has a quick ratio of 1.13, a current ratio of 4.66 and a debt-to-equity ratio of 0.35. The stock has a market cap of $444.90 million, a price-to-earnings ratio of 7.22 and a beta of 0.61. Caledonia Mining Corporation PLC has a 12 month low of $14.07 and a 12 month high of $38.75.
Caledonia Mining (NYSEAMERICAN:CMCL - Get Free Report) last issued its earnings results on Monday, May 11th. The company reported $0.80 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.67 by $0.13. Caledonia Mining had a return on equity of 23.90% and a net margin of 23.59%.The business had revenue of $66.43 million during the quarter, compared to analysts' expectations of $79.20 million.
Caledonia Mining Dividend Announcement
The business also recently announced a quarterly dividend, which will be paid on Friday, June 5th. Stockholders of record on Friday, May 22nd will be issued a $0.14 dividend. The ex-dividend date of this dividend is Friday, May 22nd. This represents a $0.56 dividend on an annualized basis and a dividend yield of 2.4%. Caledonia Mining's dividend payout ratio is presently 116.67%.
Hedge Funds Weigh In On Caledonia Mining
A number of hedge funds have recently modified their holdings of CMCL. Mizuho Markets Americas LLC acquired a new position in shares of Caledonia Mining in the 1st quarter worth approximately $4,001,000. Marshall Wace LLP raised its holdings in shares of Caledonia Mining by 287.0% in the 2nd quarter. Marshall Wace LLP now owns 164,533 shares of the company's stock worth $3,179,000 after buying an additional 122,022 shares in the last quarter. U S Global Investors Inc. raised its holdings in shares of Caledonia Mining by 115.7% in the 4th quarter. U S Global Investors Inc. now owns 217,334 shares of the company's stock worth $5,688,000 after buying an additional 116,580 shares in the last quarter. NFJ Investment Group LLC acquired a new position in shares of Caledonia Mining in the 4th quarter worth approximately $2,954,000. Finally, Arrowstreet Capital Limited Partnership raised its holdings in shares of Caledonia Mining by 112.3% in the 1st quarter. Arrowstreet Capital Limited Partnership now owns 193,812 shares of the company's stock worth $4,378,000 after buying an additional 102,518 shares in the last quarter. 31.78% of the stock is owned by institutional investors and hedge funds.
About Caledonia Mining
(
Get Free Report)
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.
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