Caledonia Mining Corporation PLC (NYSEAMERICAN:CMCL - Get Free Report) Director Victor Gapare purchased 11,750 shares of the company's stock in a transaction on Thursday, June 11th. The shares were bought at an average cost of $18.70 per share, with a total value of $219,725.00. Following the transaction, the director directly owned 2,455,122 shares of the company's stock, valued at $45,910,781.40. This represents a 0.48% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website.
Caledonia Mining Price Performance
Shares of NYSEAMERICAN:CMCL opened at $20.98 on Tuesday. The company has a market cap of $405.12 million, a P/E ratio of 6.58 and a beta of 0.61. The company has a quick ratio of 4.08, a current ratio of 4.66 and a debt-to-equity ratio of 0.35. Caledonia Mining Corporation PLC has a 52 week low of $18.40 and a 52 week high of $38.75. The business has a fifty day simple moving average of $23.23 and a 200-day simple moving average of $25.86.
Caledonia Mining (NYSEAMERICAN:CMCL - Get Free Report) last announced its quarterly earnings data on Monday, May 11th. The company reported $0.80 EPS for the quarter, beating analysts' consensus estimates of $0.67 by $0.13. The business had revenue of $66.43 million during the quarter, compared to the consensus estimate of $79.20 million. Caledonia Mining had a return on equity of 23.90% and a net margin of 23.59%.
Caledonia Mining Announces Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Friday, June 5th. Stockholders of record on Friday, May 22nd were given a $0.14 dividend. The ex-dividend date of this dividend was Friday, May 22nd. This represents a $0.56 dividend on an annualized basis and a dividend yield of 2.7%. Caledonia Mining's payout ratio is currently 116.67%.
Institutional Investors Weigh In On Caledonia Mining
A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Dimensional Fund Advisors LP grew its position in shares of Caledonia Mining by 18.9% in the first quarter. Dimensional Fund Advisors LP now owns 544,657 shares of the company's stock valued at $12,303,000 after purchasing an additional 86,575 shares during the period. American Century Companies Inc. grew its position in shares of Caledonia Mining by 20.3% in the third quarter. American Century Companies Inc. now owns 521,477 shares of the company's stock valued at $18,883,000 after purchasing an additional 88,140 shares during the period. Goehring & Rozencwajg Associates LLC grew its position in shares of Caledonia Mining by 0.9% in the third quarter. Goehring & Rozencwajg Associates LLC now owns 234,065 shares of the company's stock valued at $8,475,000 after purchasing an additional 2,000 shares during the period. U S Global Investors Inc. grew its position in shares of Caledonia Mining by 115.7% in the fourth quarter. U S Global Investors Inc. now owns 217,334 shares of the company's stock valued at $5,688,000 after purchasing an additional 116,580 shares during the period. Finally, Geode Capital Management LLC grew 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 purchasing an additional 2,463 shares during the period. Hedge funds and other institutional investors own 31.78% of the company's stock.
Caledonia Mining Company Profile
(
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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