UBS Group AG Acquires 55,510 Shares of Caledonia Mining Corporation PLC $CMCL

UBS Group AG raised its holdings in Caledonia Mining Corporation PLC (NYSEAMERICAN:CMCL) by 103.2% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 109,297 shares of the company’s stock after purchasing an additional 55,510 shares during the quarter. UBS Group AG’s holdings in Caledonia Mining were worth $2,860,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently bought and sold shares of CMCL. Marshall Wace LLP raised its stake in Caledonia Mining by 287.0% in the second quarter. Marshall Wace LLP now owns 164,533 shares of the company’s stock valued at $3,179,000 after buying an additional 122,022 shares during the period. U S Global Investors Inc. raised its stake in Caledonia Mining by 115.7% in the fourth quarter. U S Global Investors Inc. now owns 217,334 shares of the company’s stock valued at $5,688,000 after buying an additional 116,580 shares during the period. Massachusetts Financial Services Co. MA bought a new stake in Caledonia Mining in the fourth quarter valued at approximately $2,615,000. American Century Companies Inc. raised its stake in Caledonia Mining by 20.3% in the third quarter. American Century Companies Inc. now owns 521,477 shares of the company’s stock valued at $18,883,000 after buying an additional 88,140 shares during the period. Finally, Invesco Ltd. raised its stake in Caledonia Mining by 346.0% in the third quarter. Invesco Ltd. now owns 109,994 shares of the company’s stock valued at $3,983,000 after buying an additional 85,334 shares during the period. Institutional investors own 31.78% of the company’s stock.

Insider Transactions at Caledonia Mining

In other Caledonia Mining news, Director July Ndlovu sold 20,000 shares of the company’s 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. This represents a 8.03% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 3.68% of the stock is owned by corporate insiders.

Caledonia Mining Price Performance

NYSEAMERICAN:CMCL opened at $22.80 on Tuesday. The company has a quick ratio of 4.08, a current ratio of 4.66 and a debt-to-equity ratio of 0.35. The stock’s 50 day moving average price is $23.79 and its two-hundred day moving average price is $26.58. The firm has a market capitalization of $440.27 million, a price-to-earnings ratio of 7.15 and a beta of 0.61. Caledonia Mining Corporation PLC has a 12-month low of $16.36 and a 12-month high of $38.75.

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

Caledonia Mining Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 5th. Shareholders of record on Friday, May 22nd will be paid a $0.14 dividend. The ex-dividend date is Friday, May 22nd. This represents a $0.56 annualized dividend and a yield of 2.5%. Caledonia Mining’s dividend payout ratio is currently 116.67%.

Caledonia Mining Company 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.