Geode Capital Management LLC Acquires 4,412 Shares of Caledonia Mining Co. Plc (NYSEAMERICAN:CMCL)

Geode Capital Management LLC boosted its holdings in Caledonia Mining Co. Plc (NYSEAMERICAN:CMCLFree Report) by 2.3% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 199,796 shares of the company’s stock after purchasing an additional 4,412 shares during the quarter. Geode Capital Management LLC owned about 1.56% of Caledonia Mining worth $2,989,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in the business. State Street Corp increased its holdings in Caledonia Mining by 0.6% in the third quarter. State Street Corp now owns 203,534 shares of the company’s stock worth $3,045,000 after purchasing an additional 1,177 shares in the last quarter. Charles Schwab Investment Management Inc. grew its position in Caledonia Mining by 7.1% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 40,734 shares of the company’s stock valued at $609,000 after purchasing an additional 2,717 shares during the period. Rhumbline Advisers increased its stake in Caledonia Mining by 22.5% during the 2nd quarter. Rhumbline Advisers now owns 20,627 shares of the company’s stock valued at $200,000 after purchasing an additional 3,795 shares in the last quarter. Bank of New York Mellon Corp raised its holdings in Caledonia Mining by 11.8% during the second quarter. Bank of New York Mellon Corp now owns 48,073 shares of the company’s stock worth $467,000 after buying an additional 5,087 shares during the last quarter. Finally, American Century Companies Inc. lifted its stake in shares of Caledonia Mining by 10.0% in the second quarter. American Century Companies Inc. now owns 102,932 shares of the company’s stock valued at $1,000,000 after buying an additional 9,318 shares in the last quarter. 31.78% of the stock is currently owned by institutional investors.

Caledonia Mining Stock Down 0.7 %

CMCL opened at $9.15 on Wednesday. The company has a current ratio of 1.44, a quick ratio of 0.89 and a debt-to-equity ratio of 0.04. The firm has a market cap of $117.39 million, a price-to-earnings ratio of 19.06 and a beta of 0.64. Caledonia Mining Co. Plc has a 1 year low of $8.91 and a 1 year high of $16.95.

Caledonia Mining Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, December 6th. Shareholders of record on Friday, November 22nd were issued a dividend of $0.14 per share. This represents a $0.56 dividend on an annualized basis and a yield of 6.12%. The ex-dividend date was Friday, November 22nd. Caledonia Mining’s dividend payout ratio is 116.67%.

Wall Street Analyst Weigh In

Separately, Maxim Group raised Caledonia Mining to a “strong-buy” rating in a research note on Friday, January 3rd.

Check Out Our Latest Stock Analysis on Caledonia Mining

Caledonia Mining Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Caledonia Mining (NYSEAMERICAN:CMCL)

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