Victor Gapare Acquires 11,750 Shares of Caledonia Mining (NYSEAMERICAN:CMCL) Stock

Caledonia Mining Corporation PLC (NYSEAMERICAN:CMCL) Director Victor Gapare bought 11,750 shares of the firm’s stock in a transaction dated Thursday, June 11th. The stock was bought at an average cost of $18.70 per share, with a total value of $219,725.00. Following the transaction, the director directly owned 2,455,122 shares of the company’s stock, valued at approximately $45,910,781.40. This trade represents a 0.48% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link.

Caledonia Mining Price Performance

Shares of NYSEAMERICAN CMCL opened at $21.41 on Wednesday. Caledonia Mining Corporation PLC has a 1-year low of $18.40 and a 1-year high of $38.75. The business has a 50-day moving average of $23.19 and a 200-day moving average of $25.80. The company has a debt-to-equity ratio of 0.35, a current ratio of 4.66 and a quick ratio of 4.08. The company has a market capitalization of $413.43 million, a price-to-earnings ratio of 6.71 and a beta of 0.61.

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

Caledonia Mining Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, June 5th. Investors of record on Friday, May 22nd were paid a $0.14 dividend. The ex-dividend date was Friday, May 22nd. This represents a $0.56 annualized dividend and a dividend yield of 2.6%. Caledonia Mining’s payout ratio is 116.67%.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the business. U S Global Investors Inc. lifted its stake in shares of Caledonia Mining by 115.7% in the fourth quarter. U S Global Investors Inc. now owns 217,334 shares of the company’s stock worth $5,688,000 after acquiring an additional 116,580 shares in the last quarter. TrueMark Investments LLC acquired a new position in shares of Caledonia Mining in the fourth quarter worth about $1,244,000. Massachusetts Financial Services Co. MA acquired a new position in shares of Caledonia Mining in the fourth quarter worth about $2,615,000. American Century Companies Inc. lifted its stake in shares of Caledonia Mining by 20.3% in the third quarter. American Century Companies Inc. now owns 521,477 shares of the company’s stock worth $18,883,000 after acquiring an additional 88,140 shares in the last quarter. Finally, Globeflex Capital L P lifted its stake in shares of Caledonia Mining by 59.2% in the fourth quarter. Globeflex Capital L P now owns 163,383 shares of the company’s stock worth $4,276,000 after acquiring an additional 60,747 shares in 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.