Caledonia Mining (NYSEAMERICAN:CMCL) Director July Ndlovu Sells 20,000 Shares

Caledonia Mining Corporation PLC (NYSEAMERICAN:CMCL) Director July Ndlovu sold 20,000 shares of the firm’s stock in a transaction that occurred 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 approximately $3,938,039.91. The trade was a 8.03% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink.

July Ndlovu also recently made the following trade(s):

• On Wednesday, May 13th, July Ndlovu acquired 15,000 shares of Caledonia Mining stock. The shares were purchased at an average cost of $24.81 per share, with a total value of $372,150.00.

Caledonia Mining Stock Performance

NYSEAMERICAN CMCL opened at $23.12 on Wednesday. The company has a current ratio of 4.66, a quick ratio of 4.08 and a debt-to-equity ratio of 0.35. The firm has a market cap of $446.45 million, a price-to-earnings ratio of 7.25 and a beta of 0.61. The company has a 50 day moving average of $24.05 and a 200-day moving average of $26.73. Caledonia Mining Corporation PLC has a 1-year low of $16.36 and a 1-year high of $38.75.

Caledonia Mining (NYSEAMERICAN:CMCL) last issued its quarterly earnings results on Monday, May 11th. The company reported $0.80 earnings per share 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 analyst estimates of $79.20 million. Caledonia Mining had a net margin of 23.59% and a return on equity of 23.90%.

Caledonia Mining Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, June 5th. Investors 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 (DPR) is currently 116.67%.

Institutional Trading of Caledonia Mining

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Smartleaf Asset Management LLC increased its holdings in shares of Caledonia Mining by 65.7% in the third quarter. Smartleaf Asset Management LLC now owns 1,037 shares of the company’s stock valued at $38,000 after purchasing an additional 411 shares in the last quarter. Summit Global Investments increased its holdings in shares of Caledonia Mining by 4.6% in the first quarter. Summit Global Investments now owns 13,514 shares of the company’s stock valued at $305,000 after purchasing an additional 598 shares in the last quarter. Deutsche Bank AG increased its holdings in shares of Caledonia Mining by 6.0% in the fourth quarter. Deutsche Bank AG now owns 10,699 shares of the company’s stock valued at $280,000 after purchasing an additional 606 shares in the last quarter. Royal Bank of Canada increased its holdings in shares of Caledonia Mining by 18.0% in the first quarter. Royal Bank of Canada now owns 4,229 shares of the company’s stock valued at $95,000 after purchasing an additional 646 shares in the last quarter. Finally, State of Alaska Department of Revenue acquired a new stake in shares of Caledonia Mining in the third quarter valued at approximately $27,000. Institutional investors and hedge funds 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.