Goehring & Rozencwajg Associates LLC Buys 23,800 Shares of Caledonia Mining Co. Plc (NYSEAMERICAN:CMCL)

Goehring & Rozencwajg Associates LLC grew its stake in shares of Caledonia Mining Co. Plc (NYSEAMERICAN:CMCL) by 12.8% in the second quarter, according to the company in its most recent filing with the SEC. The firm owned 209,717 shares of the company’s stock after acquiring an additional 23,800 shares during the quarter. Goehring & Rozencwajg Associates LLC owned about 1.63% of Caledonia Mining worth $2,038,000 as of its most recent SEC filing.

A number of other institutional investors have also recently modified their holdings of the stock. Van ECK Associates Corp lifted its position in shares of Caledonia Mining by 7.9% during the 2nd quarter. Van ECK Associates Corp now owns 732,352 shares of the company’s stock worth $7,118,000 after buying an additional 53,678 shares during the last quarter. Empowered Funds LLC lifted its position in shares of Caledonia Mining by 8.1% during the 1st quarter. Empowered Funds LLC now owns 48,508 shares of the company’s stock worth $537,000 after buying an additional 3,642 shares during the last quarter. BNP Paribas Financial Markets lifted its position in shares of Caledonia Mining by 56.8% during the 1st quarter. BNP Paribas Financial Markets now owns 7,954 shares of the company’s stock worth $88,000 after buying an additional 2,882 shares during the last quarter. Renaissance Technologies LLC bought a new stake in shares of Caledonia Mining during the 2nd quarter worth $656,000. Finally, Dimensional Fund Advisors LP lifted its position in shares of Caledonia Mining by 14.9% during the 2nd quarter. Dimensional Fund Advisors LP now owns 188,274 shares of the company’s stock worth $1,830,000 after buying an additional 24,447 shares during the last quarter. 31.78% of the stock is currently owned by institutional investors.

Caledonia Mining Stock Performance

Shares of CMCL stock opened at $13.32 on Thursday. The company has a quick ratio of 1.03, a current ratio of 1.52 and a debt-to-equity ratio of 0.04. Caledonia Mining Co. Plc has a twelve month low of $8.91 and a twelve month high of $14.00. The firm has a market cap of $170.90 million, a P/E ratio of 190.29 and a beta of 0.72.

Caledonia Mining (NYSEAMERICAN:CMCL) last issued its earnings results on Monday, August 12th. The company reported $0.51 earnings per share (EPS) for the quarter. Caledonia Mining had a return on equity of 8.30% and a net margin of 7.07%. The business had revenue of $50.11 million during the quarter.

Caledonia Mining Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, July 26th. Shareholders of record on Friday, July 12th were issued a $0.14 dividend. The ex-dividend date of this dividend was Friday, July 12th. This represents a $0.56 dividend on an annualized basis and a yield of 4.20%. Caledonia Mining’s payout ratio is presently 800.00%.

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.