Illumine Investment Management LLC Makes New $781,000 Investment in Caledonia Mining Corporation PLC $CMCL

Illumine Investment Management LLC acquired a new stake in shares of Caledonia Mining Corporation PLC (NYSEAMERICAN:CMCL) during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund acquired 34,570 shares of the company’s stock, valued at approximately $781,000.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Quarry LP acquired a new position in shares of Caledonia Mining during the third quarter worth about $50,000. Virtus Advisers LLC bought a new position in shares of Caledonia Mining in the fourth quarter valued at $42,000. Banque Cantonale Vaudoise bought a new position in shares of Caledonia Mining in the 3rd quarter valued at about $64,000. EverSource Wealth Advisors LLC grew its holdings in Caledonia Mining by 6,486.2% during the second quarter. EverSource Wealth Advisors LLC now owns 1,910 shares of the company’s stock worth $37,000 after purchasing an additional 1,881 shares during the period. Finally, Royal Bank of Canada boosted its stake in shares of Caledonia Mining by 127.2% during the 4th quarter. Royal Bank of Canada now owns 3,583 shares of the company’s stock worth $93,000 after acquiring an additional 2,006 shares during the period. 31.78% of the stock is owned by institutional investors and hedge funds.

Caledonia Mining Price Performance

NYSEAMERICAN:CMCL opened at $17.33 on Tuesday. Caledonia Mining Corporation PLC has a one year low of $15.85 and a one year high of $38.75. The company has a market cap of $334.64 million, a P/E ratio of 5.43 and a beta of 0.67. The firm’s fifty day moving average price is $21.23 and its two-hundred day moving average price is $24.97. The company has a debt-to-equity ratio of 0.35, a current ratio of 4.66 and a quick ratio of 4.08.

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. Caledonia Mining had a net margin of 23.59% and a return on equity of 23.90%. The firm had revenue of $66.43 million during the quarter, compared to the consensus estimate of $79.20 million.

Caledonia Mining Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, June 5th. Investors of record on Friday, May 22nd were paid a $0.14 dividend. The ex-dividend date was Friday, May 22nd. This represents a $0.56 annualized dividend and a dividend yield of 3.2%. Caledonia Mining’s dividend payout ratio is 116.67%.

Insider Activity at Caledonia Mining

In other news, Director July Ndlovu sold 20,000 shares of the firm’s stock in a transaction that occurred on Monday, May 18th. The shares were sold at an average price of $17.19, for a total transaction of $343,800.00. Following the transaction, the director directly owned 229,089 shares of the company’s stock, valued at approximately $3,938,039.91. This trade represents a 8.03% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Victor Gapare acquired 11,750 shares of the stock in a transaction on Thursday, June 11th. The shares were bought at an average price of $18.70 per share, for a total transaction of $219,725.00. Following the purchase, the director owned 2,455,122 shares in the company, valued at approximately $45,910,781.40. This trade represents a 0.48% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. 3.68% of the stock is currently owned by company insiders.

Caledonia Mining 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.