Cvfg LLC Invests $776,000 in Caledonia Mining Corporation PLC $CMCL

Cvfg LLC bought a new stake in shares of Caledonia Mining Corporation PLC (NYSEAMERICAN:CMCL) in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 34,350 shares of the company’s stock, valued at approximately $776,000. Cvfg LLC owned approximately 0.18% of Caledonia Mining at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in the company. EverSource Wealth Advisors LLC grew its position in shares of Caledonia Mining by 6,486.2% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,910 shares of the company’s stock valued at $37,000 after acquiring an additional 1,881 shares during the period. Virtus Advisers LLC acquired a new position in Caledonia Mining in the 4th quarter worth about $42,000. Quarry LP purchased a new position in Caledonia Mining during the third quarter worth approximately $50,000. Banque Cantonale Vaudoise purchased a new position in Caledonia Mining during the third quarter worth approximately $64,000. Finally, Legal & General Group Plc grew its holdings in Caledonia Mining by 166.9% in the second quarter. Legal & General Group Plc now owns 3,617 shares of the company’s stock valued at $70,000 after purchasing an additional 2,262 shares during the period. 31.78% of the stock is currently owned by institutional investors and hedge funds.

Caledonia Mining Stock Down 3.3%

Shares of CMCL opened at $18.28 on Thursday. The firm has a market cap of $352.99 million, a P/E ratio of 5.73 and a beta of 0.67. Caledonia Mining Corporation PLC has a 12 month low of $18.12 and a 12 month high of $38.75. The stock’s 50 day moving average is $21.52 and its two-hundred day moving average is $25.16. The company has a current ratio of 4.66, a quick ratio of 4.08 and a debt-to-equity ratio of 0.35.

Caledonia Mining (NYSEAMERICAN:CMCL) last announced 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 business had revenue of $66.43 million during the quarter, compared to the consensus estimate of $79.20 million.

Caledonia Mining Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, June 5th. Investors of record on Friday, May 22nd were given a dividend of $0.14 per share. This represents a $0.56 annualized dividend and a dividend yield of 3.1%. The ex-dividend date was Friday, May 22nd. Caledonia Mining’s dividend payout ratio is 116.67%.

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.

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.