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

Caledonia Mining Corporation PLC (NYSEAMERICAN:CMCL) Director July Ndlovu sold 20,000 shares of the stock in a transaction that occurred on Monday, May 18th. The stock was sold at an average price of $17.19, for a total value of $343,800.00. Following the sale, the director owned 229,089 shares in the company, valued at $3,938,039.91. The trade was a 8.03% decrease in their ownership of the stock. The sale 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 stock was acquired at an average price of $24.81 per share, for a total transaction of $372,150.00.

Caledonia Mining Stock Performance

CMCL traded down $0.69 during trading hours on Tuesday, hitting $23.00. The company’s stock had a trading volume of 121,645 shares, compared to its average volume of 330,110. Caledonia Mining Corporation PLC has a fifty-two week low of $16.36 and a fifty-two week high of $38.75. 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 capitalization of $444.13 million, a PE ratio of 7.21 and a beta of 0.61. The company has a 50-day simple moving average of $24.10 and a 200 day simple moving average of $26.77.

Caledonia Mining (NYSEAMERICAN:CMCL) last posted its earnings results on Monday, May 11th. The company reported $0.80 EPS for the quarter, beating the consensus estimate of $0.67 by $0.13. Caledonia Mining had a return on equity of 23.90% and a net margin of 23.59%.The firm had revenue of $66.43 million for the quarter, compared to analysts’ expectations of $79.20 million.

Caledonia Mining Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 5th. Investors of record on Friday, May 22nd will be given a $0.14 dividend. This represents a $0.56 annualized dividend and a yield of 2.4%. The ex-dividend date is Friday, May 22nd. Caledonia Mining’s dividend payout ratio (DPR) is currently 116.67%.

Hedge Funds Weigh In On Caledonia Mining

Several hedge funds have recently modified their holdings of the company. Dimensional Fund Advisors LP increased its position in shares of Caledonia Mining by 18.9% during the 1st 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. increased its position in shares of Caledonia Mining by 20.3% during the 3rd 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 increased its position in shares of Caledonia Mining by 0.9% during the 3rd 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. increased its position in shares of Caledonia Mining by 115.7% during the 4th 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 increased 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 valued at $3,967,000 after purchasing an additional 2,463 shares during the period. 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.