Caledonia Mining (NYSEAMERICAN:CMCL) Shares Gap Down – Here’s What Happened

Caledonia Mining Corporation PLC (NYSEAMERICAN:CMCL) gapped down before the market opened on Tuesday . The stock had previously closed at $31.57, but opened at $30.14. Caledonia Mining shares last traded at $29.1930, with a volume of 154,153 shares.

Caledonia Mining Stock Down 4.9%

The firm has a market cap of $591.02 million, a PE ratio of 11.92 and a beta of 0.50. The company has a current ratio of 1.78, a quick ratio of 1.20 and a debt-to-equity ratio of 0.02. The firm has a 50 day moving average price of $27.63 and a 200-day moving average price of $28.08.

Caledonia Mining Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, December 5th. Stockholders of record on Friday, November 21st were given a dividend of $0.14 per share. This represents a $0.56 annualized dividend and a dividend yield of 1.8%. The ex-dividend date of this dividend was Friday, November 21st. Caledonia Mining’s payout ratio is 116.67%.

Institutional Trading of Caledonia Mining

Hedge funds and other institutional investors have recently bought and sold shares of the business. American Century Companies Inc. increased its holdings in shares of Caledonia Mining by 20.3% in the 3rd quarter. American Century Companies Inc. now owns 521,477 shares of the company’s stock valued at $18,883,000 after acquiring an additional 88,140 shares during the last quarter. Dimensional Fund Advisors LP increased its stake in Caledonia Mining by 2.2% in the third quarter. Dimensional Fund Advisors LP now owns 426,913 shares of the company’s stock valued at $15,459,000 after purchasing an additional 9,209 shares during the last quarter. Goehring & Rozencwajg Associates LLC increased its stake in 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 last quarter. U S Global Investors Inc. raised its holdings in 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. Finally, Geode Capital Management LLC lifted its position in shares of Caledonia Mining by 1.2% during the 2nd quarter. Geode Capital Management LLC now owns 205,326 shares of the company’s stock worth $3,967,000 after buying an additional 2,463 shares during the last quarter. 31.78% of the stock is currently owned by institutional investors and hedge funds.

About Caledonia Mining

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.