Insider Selling: Caledonia Mining (NYSEAMERICAN:CMCL) Director Sells $343,800.00 in Stock

Caledonia Mining Corporation PLC (NYSEAMERICAN:CMCL) Director July Ndlovu sold 20,000 shares of the company’s stock in a transaction dated Monday, May 18th. The stock was sold at an average price of $17.19, for a total transaction of $343,800.00. Following the completion of the transaction, the director 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 position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink.

July Ndlovu also recently made the following trade(s):

• On Wednesday, May 13th, July Ndlovu acquired 15,000 shares of Caledonia Mining stock. The stock was purchased at an average price of $24.81 per share, with a total value of $372,150.00.

Caledonia Mining Trading Up 0.6%

Shares of Caledonia Mining stock opened at $23.09 on Friday. The firm has a 50-day simple moving average of $23.92 and a two-hundred day simple moving average of $26.65. The company has a market cap of $445.87 million, a P/E ratio of 7.24 and a beta of 0.61. Caledonia Mining Corporation PLC has a fifty-two week low of $16.36 and a fifty-two week high of $38.75. The company has a debt-to-equity ratio of 0.35, a quick ratio of 4.08 and a current ratio of 4.66.

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

Caledonia Mining Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, June 5th. Investors of record on Friday, May 22nd will be given a dividend of $0.14 per share. This represents a $0.56 annualized dividend and a dividend yield of 2.4%. The ex-dividend date is Friday, May 22nd. Caledonia Mining’s dividend payout ratio is 116.67%.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of the stock. Dimensional Fund Advisors LP raised its position in shares of Caledonia Mining by 18.9% during the 1st quarter. Dimensional Fund Advisors LP now owns 544,657 shares of the company’s stock worth $12,303,000 after purchasing an additional 86,575 shares during the last quarter. American Century Companies Inc. raised its position in shares of Caledonia Mining by 20.3% during the 3rd quarter. American Century Companies Inc. now owns 521,477 shares of the company’s stock worth $18,883,000 after purchasing an additional 88,140 shares during the last quarter. Goehring & Rozencwajg Associates LLC raised its position in shares of Caledonia Mining by 0.9% during the 3rd quarter. Goehring & Rozencwajg Associates LLC now owns 234,065 shares of the company’s stock worth $8,475,000 after purchasing an additional 2,000 shares during the last quarter. U S Global Investors Inc. raised its position in shares of Caledonia Mining by 115.7% during the 4th quarter. U S Global Investors Inc. now owns 217,334 shares of the company’s stock worth $5,688,000 after purchasing an additional 116,580 shares during the last quarter. Finally, Geode Capital Management LLC raised its position in shares of Caledonia Mining by 1.2% during the 2nd quarter. Geode Capital Management LLC now owns 205,326 shares of the company’s stock worth $3,967,000 after purchasing an additional 2,463 shares during the last quarter. Institutional investors and hedge funds 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.