Mizuho Markets Americas LLC Makes New Investment in Caledonia Mining Corporation PLC $CMCL

Mizuho Markets Americas LLC acquired a new position in shares of Caledonia Mining Corporation PLC (NYSEAMERICAN:CMCL) during the first quarter, Holdings Channel reports. The institutional investor acquired 177,134 shares of the company’s stock, valued at approximately $4,001,000.

Several other hedge funds have also modified their holdings of CMCL. Meeder Asset Management Inc. boosted its holdings in Caledonia Mining by 296.9% in the first quarter. Meeder Asset Management Inc. now owns 1,151 shares of the company’s stock valued at $26,000 after purchasing an additional 861 shares during the period. EverSource Wealth Advisors LLC increased its holdings in Caledonia Mining by 6,486.2% during 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 period. Virtus Advisers LLC purchased a new stake in Caledonia Mining during the 4th quarter worth about $42,000. Quarry LP acquired a new stake in Caledonia Mining in the 3rd quarter valued at about $50,000. Finally, State of Wyoming acquired a new stake in Caledonia Mining in the 1st quarter valued at about $54,000. 31.78% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Caledonia Mining

In other news, Director Victor Gapare purchased 11,750 shares of the stock in a transaction on Thursday, June 11th. The stock was bought at an average price of $18.70 per share, for a total transaction of $219,725.00. Following the acquisition, the director directly owned 2,455,122 shares of the company’s stock, valued at approximately $45,910,781.40. The trade was a 0.48% increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 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 transaction of $343,800.00. Following the completion of the sale, the director directly owned 229,089 shares in the company, valued at approximately $3,938,039.91. This represents a 8.03% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders own 3.68% of the company’s stock.

Caledonia Mining Stock Performance

Shares of CMCL opened at $18.53 on Friday. The stock has a 50-day simple moving average of $20.24 and a 200-day simple moving average of $24.46. 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 stock has a market capitalization of $357.81 million, a PE ratio of 5.81 and a beta of 0.67. Caledonia Mining Corporation PLC has a 1 year low of $15.85 and a 1 year high of $38.75.

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

Caledonia Mining Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, June 5th. Shareholders of record on Friday, May 22nd were issued a dividend of $0.14 per share. This represents a $0.56 annualized dividend and a yield of 3.0%. The ex-dividend date was Friday, May 22nd. Caledonia Mining’s payout ratio is 116.67%.

Caledonia Mining 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.