Caledonia Mining (NYSEAMERICAN:CMCL) Trading 8.1% Higher – What’s Next?

Caledonia Mining Corporation PLC (NYSEAMERICAN:CMCL)’s share price shot up 8.1% during mid-day trading on Tuesday . The company traded as high as $29.90 and last traded at $29.4270. 298,274 shares changed hands during trading, a decline of 51% from the average session volume of 602,987 shares. The stock had previously closed at $27.22.

Caledonia Mining Stock Up 1.7%

The company has a current ratio of 1.78, a quick ratio of 1.20 and a debt-to-equity ratio of 0.02. The stock has a market cap of $569.10 million, a P/E ratio of 11.48 and a beta of 0.50. The company’s 50 day moving average price is $27.30 and its two-hundred day moving average price is $27.72.

Caledonia Mining Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, December 5th. Stockholders of record on Friday, November 21st were paid a dividend of $0.14 per share. This represents a $0.56 annualized dividend and a dividend yield of 1.9%. The ex-dividend date was Friday, November 21st. Caledonia Mining’s dividend payout ratio (DPR) is currently 116.67%.

Hedge Funds Weigh In On Caledonia Mining

Institutional investors have recently bought and sold shares of the stock. State of Alaska Department of Revenue purchased a new position in Caledonia Mining during the third quarter valued at $27,000. EverSource Wealth Advisors LLC lifted 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 buying an additional 1,881 shares in the last quarter. Smartleaf Asset Management LLC grew its stake in shares of Caledonia Mining by 65.7% during the 3rd quarter. Smartleaf Asset Management LLC now owns 1,037 shares of the company’s stock valued at $38,000 after acquiring an additional 411 shares during the period. Quarry LP bought a new position in shares of Caledonia Mining during the 3rd quarter valued at approximately $50,000. Finally, Optimum Investment Advisors purchased a new stake in Caledonia Mining in the 3rd quarter worth approximately $54,000. 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.