Key Points
- Director July Ndlovu sold 20,000 shares of Caledonia Mining at an average price of $17.19, for total proceeds of $343,800. After the sale, Ndlovu still held 229,089 shares valued at about $3.94 million.
- Caledonia Mining also reported a recent insider purchase by Ndlovu, who bought 15,000 shares on May 13 at an average price of $24.81, totaling $372,150.
- The company recently posted strong quarterly earnings of $0.80 per share, beating analyst estimates, and announced a quarterly dividend of $0.14 per share, implying a 2.4% yield.
Caledonia Mining Corporation PLC (NYSEAMERICAN:CMCL - Get Free Report) Director July Ndlovu sold 20,000 shares of Caledonia Mining stock in a transaction on Monday, May 18th. The stock was sold at an average price of $17.19, for a total transaction of $343,800.00. Following the sale, the director directly owned 229,089 shares of the company's stock, valued at $3,938,039.91. This represents a 8.03% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link.
July Ndlovu also recently made the following trade(s):
- On Wednesday, May 13th, July Ndlovu bought 15,000 shares of Caledonia Mining stock. The shares were acquired at an average cost of $24.81 per share, with a total value of $372,150.00.
Caledonia Mining Price Performance
CMCL opened at $23.12 on Wednesday. The company has a fifty day moving average price of $24.05 and a two-hundred day moving average price of $26.73. The company has a debt-to-equity ratio of 0.35, a quick ratio of 4.08 and a current ratio of 4.66. Caledonia Mining Corporation PLC has a 52 week low of $16.36 and a 52 week high of $38.75. The firm has a market capitalization of $446.45 million, a PE ratio of 7.25 and a beta of 0.61.
Caledonia Mining (NYSEAMERICAN:CMCL - Get Free Report) last released its earnings results on Monday, May 11th. The company reported $0.80 EPS for the quarter, topping analysts' consensus estimates of $0.67 by $0.13. Caledonia Mining had a net margin of 23.59% and a return on equity of 23.90%. The firm had revenue of $66.43 million during the quarter, compared to analyst estimates of $79.20 million.
Caledonia Mining Announces Dividend
The firm also recently announced a quarterly dividend, which will be paid on Friday, June 5th. Shareholders of record on Friday, May 22nd will be issued a dividend of $0.14 per share. This represents a $0.56 dividend on an annualized basis and a yield of 2.4%. The ex-dividend date of this dividend is Friday, May 22nd. Caledonia Mining's payout ratio is currently 116.67%.
Institutional Trading of Caledonia Mining
A number of institutional investors have recently bought and sold shares of CMCL. Navellier & Associates Inc. bought a new position in shares of Caledonia Mining during the third quarter worth $2,047,000. U S Global Investors Inc. boosted its position 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 worth $5,688,000 after purchasing an additional 116,580 shares in the last quarter. TrueMark Investments LLC bought a new position in shares of Caledonia Mining during the fourth quarter worth $1,244,000. Massachusetts Financial Services Co. MA bought a new position in shares of Caledonia Mining during the fourth quarter worth $2,615,000. Finally, American Century Companies Inc. boosted its position in shares of Caledonia Mining by 20.3% during the third quarter. American Century Companies Inc. now owns 521,477 shares of the company's stock worth $18,883,000 after purchasing an additional 88,140 shares in the last quarter. Institutional investors and hedge funds own 31.78% of the company's stock.
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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