Caledonia Mining (NYSEAMERICAN:CMCL) Trading 10.7% Higher – Should You Buy?

Caledonia Mining Corporation PLC (NYSEAMERICAN:CMCL)’s share price rose 10.7% on Monday . The stock traded as high as $32.57 and last traded at $32.29. Approximately 228,412 shares were traded during mid-day trading, an increase of 21% from the average daily volume of 189,115 shares. The stock had previously closed at $29.18.

Caledonia Mining Stock Up 11.8%

The company has a debt-to-equity ratio of 0.02, a quick ratio of 1.20 and a current ratio of 1.78. The firm has a market capitalization of $627.15 million, a P/E ratio of 12.65 and a beta of 0.50. The stock has a fifty day moving average price of $27.01 and a two-hundred day moving average price of $27.24.

Caledonia Mining Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, December 5th. Shareholders of record on Friday, November 21st were issued a dividend of $0.14 per share. This represents a $0.56 dividend on an annualized basis and a dividend yield of 1.7%. The ex-dividend date of this dividend was Friday, November 21st. Caledonia Mining’s dividend payout ratio is 116.67%.

Institutional Investors Weigh In On Caledonia Mining

A number of institutional investors have recently modified their holdings of the business. State of Alaska Department of Revenue bought a new position in Caledonia Mining in the third quarter worth about $27,000. EverSource Wealth Advisors LLC lifted its holdings in shares of Caledonia Mining by 6,486.2% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,910 shares of the company’s stock worth $37,000 after purchasing an additional 1,881 shares during the last quarter. Smartleaf Asset Management LLC lifted its holdings in shares of Caledonia Mining by 65.7% in the 3rd quarter. Smartleaf Asset Management LLC now owns 1,037 shares of the company’s stock worth $38,000 after purchasing an additional 411 shares during the last quarter. Quarry LP acquired a new position in Caledonia Mining during the 3rd quarter valued at approximately $50,000. Finally, Optimum Investment Advisors bought a new position in Caledonia Mining during the 3rd quarter worth $54,000. Institutional investors own 31.78% of the company’s stock.

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.