Caledonia Mining (NYSEAMERICAN:CMCL) Director July Ndlovu Purchases 21,400 Shares of Stock

Key Points

• Director July Ndlovu purchased 21,400 Caledonia Mining shares at an average price of $23.03, investing approximately $492,842 and increasing his stake by 9.34%.
• Caledonia Mining shares rose 4.4% to $23.45, while the company reported quarterly EPS of $1.36—well above the $0.54 consensus estimate—on revenue of $75.91 million.
• The company declared a quarterly dividend of $0.14 per share, equivalent to an annualized $0.56 payout and a 2.4% yield; institutional investors own 31.78% of the stock.

Caledonia Mining Corporation PLC (NYSEAMERICAN:CMCL - Get Free Report) Director July Ndlovu bought 21,400 shares of the business's stock in a transaction dated Thursday, August 13th. The shares were acquired at an average cost of $23.03 per share, for a total transaction of $492,842.00. Following the purchase, the director owned 250,489 shares of the company's stock, valued at approximately $5,768,761.67. The trade was a 9.34% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

Caledonia Mining Stock Up 4.4%

NYSEAMERICAN CMCL traded up $0.98 during trading on Monday, reaching $23.45. 258,798 shares of the company's stock traded hands, compared to its average volume of 296,525. Caledonia Mining Corporation PLC has a 12-month low of $15.85 and a 12-month high of $38.75. The company has a debt-to-equity ratio of 0.34, a current ratio of 5.73 and a quick ratio of 5.03. The firm has a market cap of $452.82 million, a price-to-earnings ratio of 6.72 and a beta of 0.67. The company's 50 day simple moving average is $19.54 and its two-hundred day simple moving average is $23.44.

Caledonia Mining (NYSEAMERICAN:CMCL - Get Free Report) last announced its quarterly earnings results on Monday, August 10th. The company reported $1.36 earnings per share for the quarter, topping the consensus estimate of $0.54 by $0.82. The firm had revenue of $75.91 million during the quarter, compared to analysts' expectations of $82.00 million. Caledonia Mining had a net margin of 23.87% and a return on equity of 23.29%.

Caledonia Mining Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, September 4th. Shareholders of record on Friday, August 21st will be given a dividend of $0.14 per share. This represents a $0.56 annualized dividend and a yield of 2.4%. The ex-dividend date of this dividend is Friday, August 21st. Caledonia Mining's dividend payout ratio (DPR) is 116.67%.

Hedge Funds Weigh In On Caledonia Mining

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Summit Global Investments raised its stake in 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 buying an additional 598 shares during the last quarter. Deutsche Bank AG grew its stake in shares of Caledonia Mining by 6.0% during the fourth quarter. Deutsche Bank AG now owns 10,699 shares of the company's stock worth $280,000 after acquiring an additional 606 shares during the last quarter. Royal Bank of Canada grew its stake in shares of Caledonia Mining by 18.0% during the first quarter. Royal Bank of Canada now owns 4,229 shares of the company's stock worth $95,000 after acquiring an additional 646 shares during the last quarter. Empowered Funds LLC grew its stake in shares of Caledonia Mining by 0.7% during the fourth quarter. Empowered Funds LLC now owns 115,380 shares of the company's stock worth $3,019,000 after acquiring an additional 830 shares during the last quarter. Finally, Meeder Asset Management Inc. increased its holdings in shares of Caledonia Mining by 296.9% during the first quarter. Meeder Asset Management Inc. now owns 1,151 shares of the company's stock valued at $26,000 after acquiring an additional 861 shares in the last quarter. Hedge funds and other institutional investors own 31.78% of the company's stock.

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.

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