112,872 Shares in Caledonia Mining Corporation PLC $CMCL Acquired by NFJ Investment Group LLC

NFJ Investment Group LLC bought a new position in shares of Caledonia Mining Corporation PLC (NYSEAMERICAN:CMCL) during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor bought 112,872 shares of the company’s stock, valued at approximately $2,954,000. NFJ Investment Group LLC owned 0.59% of Caledonia Mining as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in CMCL. Empowered Funds LLC increased its position in shares of Caledonia Mining by 7.6% in the 1st quarter. Empowered Funds LLC now owns 95,454 shares of the company’s stock valued at $1,192,000 after purchasing an additional 6,770 shares during the last quarter. Geode Capital Management LLC increased its position 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 valued at $3,967,000 after purchasing an additional 2,463 shares during the last quarter. JPMorgan Chase & Co. increased its position in shares of Caledonia Mining by 10.4% in the 2nd quarter. JPMorgan Chase & Co. now owns 9,559 shares of the company’s stock valued at $185,000 after purchasing an additional 902 shares during the last quarter. Legal & General Group Plc increased its position in shares of Caledonia Mining by 166.9% in the 2nd quarter. Legal & General Group Plc now owns 3,617 shares of the company’s stock valued at $70,000 after purchasing an additional 2,262 shares during the last quarter. Finally, Russell Investments Group Ltd. increased its position in shares of Caledonia Mining by 32.1% in the 2nd quarter. Russell Investments Group Ltd. now owns 7,933 shares of the company’s stock valued at $153,000 after purchasing an additional 1,928 shares during the last quarter. 31.78% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Caledonia Mining

In other news, Director July Ndlovu sold 20,000 shares of the firm’s stock in a transaction on Monday, May 18th. The shares were sold at an average price of $17.19, for a total value of $343,800.00. Following the completion of the sale, the director owned 229,089 shares in the company, valued at approximately $3,938,039.91. This trade represents a 8.03% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 3.68% of the company’s stock.

Caledonia Mining Stock Performance

Shares of NYSEAMERICAN:CMCL opened at $20.18 on Monday. 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 company’s 50 day moving average is $23.29 and its two-hundred day moving average is $25.92. The company has a market cap of $389.68 million, a PE 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.

Caledonia Mining (NYSEAMERICAN:CMCL) last posted its earnings results on Monday, May 11th. The company reported $0.80 EPS for the quarter, beating analysts’ consensus estimates 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 for the quarter, compared to the consensus estimate of $79.20 million.

Caledonia Mining Dividend Announcement

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

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.