Caledonia Mining Corporation PLC to Issue Quarterly Dividend of $0.14 (NYSEAMERICAN:CMCL)

Caledonia Mining Corporation PLC (NYSEAMERICAN:CMCL) announced a quarterly dividend on Monday, August 10th. Investors of record on Friday, August 21st will be given a dividend of 0.14 per share on Friday, September 4th. This represents a c) dividend on an annualized basis and a yield of 2.5%. The ex-dividend date is Friday, August 21st.

Caledonia Mining has a dividend payout ratio of 24.0% indicating that its dividend is sufficiently covered by earnings.

Caledonia Mining Stock Performance

NYSEAMERICAN:CMCL opened at $22.73 on Tuesday. The company has a debt-to-equity ratio of 0.35, a quick ratio of 4.08 and a current ratio of 4.66. The company has a fifty day moving average of $19.39 and a two-hundred day moving average of $23.65. The stock has a market capitalization of $438.92 million, a PE ratio of 7.13 and a beta of 0.67. Caledonia Mining has a fifty-two week low of $15.85 and a fifty-two week high of $38.75.

Caledonia Mining (NYSEAMERICAN:CMCL) last announced its earnings results 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 business had revenue of $66.43 million for the quarter, compared to analyst estimates of $79.20 million. Caledonia Mining had a net margin of 23.59% and a return on equity of 23.90%.

Insider Transactions at Caledonia Mining

In other news, Director Victor Gapare acquired 11,750 shares of the business’s stock in a transaction on Thursday, June 11th. The stock was bought at an average cost of $18.70 per share, for a total transaction of $219,725.00. Following the purchase, the director owned 2,455,122 shares in the company, valued at approximately $45,910,781.40. This represents a 0.48% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director July Ndlovu sold 20,000 shares of the stock in a transaction that occurred on Monday, May 18th. The shares were sold at an average price of $17.19, for a total value of $343,800.00. Following the transaction, the director directly owned 229,089 shares of the company’s stock, valued at $3,938,039.91. The trade was a 8.03% decrease in their position. The SEC filing for this sale provides additional information. Company insiders own 3.68% of the company’s stock.

Institutional Trading of Caledonia Mining

A number of institutional investors have recently made changes to their positions in the company. Meeder Asset Management Inc. grew 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 worth $26,000 after buying an additional 861 shares in the last quarter. EverSource Wealth Advisors LLC raised its position in Caledonia Mining by 6,486.2% in the second quarter. EverSource Wealth Advisors LLC now owns 1,910 shares of the company’s stock valued at $37,000 after purchasing an additional 1,881 shares during the period. Virtus Advisers LLC acquired a new position in shares of Caledonia Mining in the 4th quarter valued at $42,000. Quarry LP acquired a new position in shares of Caledonia Mining in the 3rd quarter valued at $50,000. Finally, State of Wyoming acquired a new position in shares of Caledonia Mining in the 1st quarter valued at $54,000. 31.78% of the stock is owned by institutional investors and hedge funds.

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.