Caledonia Mining (NYSEAMERICAN:CMCL) Trading Up 3.2% – What’s Next?

Caledonia Mining Corporation PLC (NYSEAMERICAN:CMCL)’s stock price rose 3.2% during mid-day trading on Friday . The stock traded as high as $28.01 and last traded at $27.96. Approximately 47,922 shares changed hands during mid-day trading, a decline of 73% from the average daily volume of 176,391 shares. The stock had previously closed at $27.09.

Caledonia Mining Stock Performance

The company has a debt-to-equity ratio of 0.02, a current ratio of 1.78 and a quick ratio of 1.20. The company has a market capitalization of $535.85 million, a P/E ratio of 10.81 and a beta of 0.50. The business has a 50-day moving average of $27.74 and a 200-day moving average of $26.62.

Caledonia Mining Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, December 5th. Shareholders of record on Friday, November 21st were given a dividend of $0.14 per share. This represents a $0.56 annualized dividend and a dividend yield of 2.0%. The ex-dividend date was Friday, November 21st. Caledonia Mining’s payout ratio is 116.67%.

Institutional Investors Weigh In On Caledonia Mining

A number of institutional investors and hedge funds have recently modified their holdings of the business. Smartleaf Asset Management LLC boosted its stake in shares of Caledonia Mining by 65.7% during the third quarter. Smartleaf Asset Management LLC now owns 1,037 shares of the company’s stock valued at $38,000 after purchasing an additional 411 shares during the period. State of Alaska Department of Revenue bought a new stake in Caledonia Mining during the 3rd quarter valued at about $27,000. JPMorgan Chase & Co. boosted its position in Caledonia Mining by 10.4% in the 2nd quarter. JPMorgan Chase & Co. now owns 9,559 shares of the company’s stock valued at $185,000 after buying an additional 902 shares during the period. Alliancebernstein L.P. grew its stake in Caledonia Mining by 10.8% in the 3rd quarter. Alliancebernstein L.P. now owns 12,340 shares of the company’s stock worth $447,000 after acquiring an additional 1,200 shares in the last quarter. Finally, Quarry LP purchased a new position in shares of Caledonia Mining during the third quarter worth approximately $50,000. 31.78% of the stock is owned by institutional investors.

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.