Caledonia Mining Co. Plc (NYSEAMERICAN:CMCL – Get Free Report) announced a quarterly dividend on Monday, July 1st, Wall Street Journal reports. Shareholders of record on Friday, July 12th will be given a dividend of 0.14 per share on Friday, July 26th. This represents a $0.56 dividend on an annualized basis and a yield of 5.65%. The ex-dividend date is Friday, July 12th.
Caledonia Mining has raised its dividend by an average of 18.7% per year over the last three years. Caledonia Mining has a payout ratio of 48.7% meaning its dividend is sufficiently covered by earnings.
Caledonia Mining Price Performance
Shares of Caledonia Mining stock traded up $0.43 during midday trading on Tuesday, hitting $9.92. 32,515 shares of the company were exchanged, compared to its average volume of 49,968. The company has a debt-to-equity ratio of 0.02, a current ratio of 1.24 and a quick ratio of 0.71. The company has a market capitalization of $127.27 million, a PE ratio of 141.71 and a beta of 0.69. Caledonia Mining has a 52 week low of $8.91 and a 52 week high of $13.55.
Analysts Set New Price Targets
Separately, Cantor Fitzgerald raised shares of Caledonia Mining from a “hold” rating to a “speculative buy” rating and set a $13.50 price target for the company in a report on Monday, April 29th.
View Our Latest Stock Analysis on CMCL
Caledonia Mining Company Profile
Caledonia Mining Corporation Plc primarily operates a gold mine. It also engages in the exploration and development of mineral properties for precious metals. The company holds a 64% interest in the Blanket Mine, a gold mine located in Zimbabwe. It also owns 100% interests in the Maligreen project, a brownfield gold exploration project located in the Gweru mining district in the Zimbabwe Midlands; the Bilboes, a gold deposit located to the north of Bulawayo, Zimbabwe; and the Motapa, a gold exploration property located in Southern Zimbabwe.
See Also
- Five stocks we like better than Caledonia Mining
- Investing in the High PE Growth Stocks
- RXO Shares Surge Following New Acquisition Deal
- How to Effectively Use the MarketBeat Ratings Screener
- 3 Stock Dips Insiders Are Buying: Vestis, Shenandoah, Treace
- Stock Splits, Do They Really Impact Investors?
- Biotech Stock Breakout: IBB Eyes Resistance with Amgen and Vertex
Receive News & Ratings for Caledonia Mining Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Caledonia Mining and related companies with MarketBeat.com's FREE daily email newsletter.