JPMorgan Chase & Co. Sells 3,675 Shares of Caledonia Mining Co. Plc (NYSEAMERICAN:CMCL)

JPMorgan Chase & Co. trimmed its stake in shares of Caledonia Mining Co. Plc (NYSEAMERICAN:CMCL) by 32.7% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 7,552 shares of the company’s stock after selling 3,675 shares during the quarter. JPMorgan Chase & Co. owned approximately 0.06% of Caledonia Mining worth $113,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently made changes to their positions in CMCL. BNP Paribas Financial Markets boosted its holdings in Caledonia Mining by 358.2% in the third quarter. BNP Paribas Financial Markets now owns 17,500 shares of the company’s stock worth $262,000 after acquiring an additional 13,681 shares in the last quarter. Squarepoint Ops LLC bought a new position in Caledonia Mining in the 2nd quarter valued at about $314,000. Marshall Wace LLP bought a new position in shares of Caledonia Mining during the second quarter valued at about $384,000. Los Angeles Capital Management LLC purchased a new position in shares of Caledonia Mining in the 3rd quarter worth approximately $504,000. Finally, Barclays PLC increased its holdings in Caledonia Mining by 62.0% during the third quarter. Barclays PLC now owns 39,892 shares of the company’s stock worth $596,000 after buying an additional 15,269 shares during the last quarter. 31.78% of the stock is owned by institutional investors and hedge funds.

Caledonia Mining Trading Down 2.0 %

Caledonia Mining stock opened at $9.39 on Monday. Caledonia Mining Co. Plc has a 1-year low of $8.81 and a 1-year high of $16.95. The company has a quick ratio of 0.89, a current ratio of 1.44 and a debt-to-equity ratio of 0.04. The stock has a market cap of $180.48 million, a PE ratio of 19.56 and a beta of 0.66.

Caledonia Mining (NYSEAMERICAN:CMCL) last posted its quarterly earnings results on Monday, November 11th. The company reported $0.26 earnings per share for the quarter. The firm had revenue of $46.87 million during the quarter. Caledonia Mining had a return on equity of 7.83% and a net margin of 5.55%.

Caledonia Mining Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, December 6th. Stockholders of record on Friday, November 22nd were paid a $0.14 dividend. This represents a $0.56 annualized dividend and a dividend yield of 5.96%. The ex-dividend date was Friday, November 22nd. Caledonia Mining’s dividend payout ratio (DPR) is currently 116.67%.

Wall Street Analyst Weigh In

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

About Caledonia Mining

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.