Caledonia Mining (NYSEAMERICAN:CMCL) Director Victor Gapare Acquires 11,750 Shares

Caledonia Mining Corporation PLC (NYSEAMERICAN:CMCL) Director Victor Gapare acquired 11,750 shares of Caledonia Mining stock in a transaction that occurred on Thursday, June 11th. The shares were purchased at an average cost of $18.70 per share, with a total value of $219,725.00. Following the completion of the acquisition, the director owned 2,455,122 shares of the company’s stock, valued at $45,910,781.40. The trade was a 0.48% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Caledonia Mining Stock Performance

Shares of CMCL stock opened at $20.98 on Tuesday. The stock has a fifty day moving average price of $23.23 and a 200 day moving average price of $25.86. The stock has a market cap of $405.12 million, a PE ratio of 6.58 and a beta of 0.61. Caledonia Mining Corporation PLC has a 1 year low of $18.40 and a 1 year high of $38.75. 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 (NYSEAMERICAN:CMCL) last issued its quarterly earnings data on Monday, May 11th. The company reported $0.80 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.67 by $0.13. The firm had revenue of $66.43 million during the quarter, compared to analysts’ expectations 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 business also recently declared a quarterly dividend, which was paid on Friday, June 5th. Shareholders of record on Friday, May 22nd were given a dividend of $0.14 per share. The ex-dividend date of this dividend was Friday, May 22nd. This represents a $0.56 annualized dividend and a yield of 2.7%. Caledonia Mining’s dividend payout ratio (DPR) is presently 116.67%.

Hedge Funds Weigh In On Caledonia Mining

Hedge funds have recently bought and sold shares of the stock. Smartleaf Asset Management LLC increased its position in Caledonia Mining by 65.7% during the third quarter. Smartleaf Asset Management LLC now owns 1,037 shares of the company’s stock worth $38,000 after buying an additional 411 shares in the last quarter. Meeder Asset Management Inc. increased its position in Caledonia Mining by 296.9% during the first quarter. Meeder Asset Management Inc. now owns 1,151 shares of the company’s stock worth $26,000 after buying an additional 861 shares in the last quarter. Quarry LP purchased a new position in Caledonia Mining during the third quarter worth $50,000. Virtus Advisers LLC purchased a new position in Caledonia Mining during the fourth quarter worth $42,000. Finally, Banque Cantonale Vaudoise purchased a new position in Caledonia Mining during the third quarter worth $64,000. Hedge funds and other institutional investors own 31.78% of the company’s stock.

Caledonia Mining Company 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.