Empowered Funds LLC Raises Position in Caledonia Mining Co. Plc (NYSEAMERICAN:CMCL)

Empowered Funds LLC increased its holdings in shares of Caledonia Mining Co. Plc (NYSEAMERICAN:CMCL) by 27.0% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 88,684 shares of the company’s stock after buying an additional 18,836 shares during the quarter. Empowered Funds LLC owned 0.46% of Caledonia Mining worth $835,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds also recently added to or reduced their stakes in the business. Segall Bryant & Hamill LLC purchased a new stake in shares of Caledonia Mining during the third quarter valued at $2,759,000. Martingale Asset Management L P grew its stake in Caledonia Mining by 164.5% during the 3rd quarter. Martingale Asset Management L P now owns 76,063 shares of the company’s stock valued at $1,138,000 after purchasing an additional 47,307 shares during the last quarter. International Assets Investment Management LLC acquired a new position in shares of Caledonia Mining in the third quarter valued at about $5,600,000. Los Angeles Capital Management LLC purchased a new position in shares of Caledonia Mining in the third quarter worth about $504,000. Finally, Barclays PLC lifted its holdings in shares of 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 purchasing an additional 15,269 shares during the period. 31.78% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

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

Caledonia Mining Price Performance

CMCL stock opened at $10.29 on Tuesday. The stock has a market cap of $197.77 million, a PE ratio of 21.44 and a beta of 0.68. Caledonia Mining Co. Plc has a 52 week low of $8.81 and a 52 week high of $16.95. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.44 and a quick ratio of 0.89.

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.