Caledonia Mining (NYSEAMERICAN:CMCL) Director Buys $219,725.00 in Stock

Caledonia Mining Corporation PLC (NYSEAMERICAN:CMCL) Director Victor Gapare bought 11,750 shares of the stock in a transaction dated Thursday, June 11th. The stock was bought at an average cost of $18.70 per share, for a total transaction of $219,725.00. Following the acquisition, the director directly owned 2,455,122 shares of the company’s stock, valued at approximately $45,910,781.40. This represents a 0.48% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

Caledonia Mining Stock Performance

Shares of NYSEAMERICAN CMCL opened at $20.18 on Monday. The company has a market cap of $389.68 million, a P/E ratio of 6.33 and a beta of 0.61. Caledonia Mining Corporation PLC has a 52-week low of $18.40 and a 52-week 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. The firm’s fifty day moving average is $23.29 and its two-hundred day moving average is $25.92.

Caledonia Mining (NYSEAMERICAN:CMCL) last issued its quarterly earnings data 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. 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 during the quarter, compared to analyst estimates of $79.20 million.

Caledonia Mining Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, June 5th. Shareholders of record on Friday, May 22nd were issued a dividend of $0.14 per share. This represents a $0.56 annualized dividend and a yield of 2.8%. The ex-dividend date was Friday, May 22nd. Caledonia Mining’s dividend payout ratio (DPR) is currently 116.67%.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of CMCL. Dimensional Fund Advisors LP grew its holdings 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 in the last quarter. American Century Companies Inc. lifted its position in Caledonia Mining by 20.3% during 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 last quarter. Goehring & Rozencwajg Associates LLC lifted its position in Caledonia Mining by 0.9% during 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. grew its stake in shares of Caledonia Mining by 115.7% in the 4th quarter. U S Global Investors Inc. now owns 217,334 shares of the company’s stock worth $5,688,000 after buying an additional 116,580 shares in the last quarter. Finally, Geode Capital Management LLC increased its holdings in shares of Caledonia Mining by 1.2% in 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.

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.