Public Employees Retirement System of Ohio Invests $498,000 in Caledonia Mining Corporation PLC $CMCL

Public Employees Retirement System of Ohio bought a new stake in shares of Caledonia Mining Corporation PLC (NYSEAMERICAN:CMCL) during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm bought 26,051 shares of the company’s stock, valued at approximately $498,000. Public Employees Retirement System of Ohio owned approximately 0.13% of Caledonia Mining at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Summit Global Investments increased its holdings in Caledonia Mining by 4.6% in the 1st quarter. Summit Global Investments now owns 13,514 shares of the company’s stock worth $305,000 after acquiring an additional 598 shares in the last quarter. Deutsche Bank AG grew its position in shares of Caledonia Mining by 6.0% in the fourth quarter. Deutsche Bank AG now owns 10,699 shares of the company’s stock valued at $280,000 after purchasing an additional 606 shares during the period. Royal Bank of Canada grew its position in shares of Caledonia Mining by 18.0% in the first quarter. Royal Bank of Canada now owns 4,229 shares of the company’s stock valued at $95,000 after purchasing an additional 646 shares during the period. Empowered Funds LLC increased 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 purchasing an additional 830 shares in the last quarter. Finally, Meeder Asset Management Inc. increased its stake 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 worth $26,000 after purchasing an additional 861 shares in the last quarter. Institutional investors and hedge funds own 31.78% of the company’s stock.

Caledonia Mining Price Performance

NYSEAMERICAN:CMCL opened at $25.36 on Friday. Caledonia Mining Corporation PLC has a 12 month low of $15.85 and a 12 month high of $38.75. The stock has a 50 day moving average of $21.54 and a two-hundred day moving average of $22.90. The company has a current ratio of 5.73, a quick ratio of 5.03 and a debt-to-equity ratio of 0.34. The firm has a market cap of $489.70 million, a P/E ratio of 7.27 and a beta of 0.73.

Caledonia Mining (NYSEAMERICAN:CMCL) last issued its quarterly earnings results on Monday, August 10th. The company reported $1.36 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.54 by $0.82. The firm had revenue of $75.91 million for the quarter, compared to analyst estimates of $82.00 million. Caledonia Mining had a return on equity of 23.29% and a net margin of 23.87%.

Caledonia Mining Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, September 4th. Stockholders of record on Friday, August 21st were paid a $0.14 dividend. This represents a $0.56 annualized dividend and a dividend yield of 2.2%. The ex-dividend date of this dividend was Friday, August 21st. Caledonia Mining’s dividend payout ratio (DPR) is currently 116.67%.

Insiders Place Their Bets

In other Caledonia Mining news, Director July Ndlovu acquired 21,400 shares of the business’s stock in a transaction on Thursday, August 13th. The stock was bought at an average price of $23.03 per share, for a total transaction of $492,842.00. Following the acquisition, the director owned 250,489 shares in the company, valued at approximately $5,768,761.67. The trade was a 9.34% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available through the SEC website. Insiders own 3.68% 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.