Van ECK Associates Corp Reduces Holdings in Caledonia Mining Co. Plc (NYSEAMERICAN:CMCL)

Van ECK Associates Corp decreased its holdings in shares of Caledonia Mining Co. Plc (NYSEAMERICAN:CMCL) by 8.5% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 636,496 shares of the company’s stock after selling 59,011 shares during the period. Van ECK Associates Corp owned 3.31% of Caledonia Mining worth $5,989,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of CMCL. State Street Corp boosted its stake in Caledonia Mining by 0.6% during the 3rd quarter. State Street Corp now owns 203,534 shares of the company’s stock valued at $3,045,000 after purchasing an additional 1,177 shares during the last quarter. Geode Capital Management LLC raised its holdings in Caledonia Mining by 2.3% during the third quarter. Geode Capital Management LLC now owns 199,796 shares of the company’s stock valued at $2,989,000 after acquiring an additional 4,412 shares during the period. Segall Bryant & Hamill LLC bought a new stake in Caledonia Mining during the third quarter valued at about $2,759,000. Empowered Funds LLC raised its holdings in Caledonia Mining by 27.0% during the fourth quarter. Empowered Funds LLC now owns 88,684 shares of the company’s stock valued at $835,000 after acquiring an additional 18,836 shares during the period. Finally, Martingale Asset Management L P raised its holdings in Caledonia Mining by 164.5% during the third quarter. Martingale Asset Management L P now owns 76,063 shares of the company’s stock valued at $1,138,000 after acquiring an additional 47,307 shares during the period. Institutional investors own 31.78% of the company’s stock.

Wall Street Analysts Forecast Growth

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

Caledonia Mining Price Performance

CMCL opened at $10.29 on Tuesday. The company has a debt-to-equity ratio of 0.04, a quick ratio of 0.89 and a current ratio of 1.44. Caledonia Mining Co. Plc has a 1-year low of $8.81 and a 1-year high of $16.95. The company has a market capitalization of $197.77 million, a price-to-earnings ratio of 21.44 and a beta of 0.68.

Caledonia Mining 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.