Caledonia Mining (NYSEAMERICAN:CMCL) Now Covered by Analysts at Maxim Group

Maxim Group started coverage on shares of Caledonia Mining (NYSEAMERICAN:CMCL) in a research note issued to investors on Monday morning, Marketbeat Ratings reports. The brokerage issued a buy rating and a $17.00 price objective on the stock.

Caledonia Mining Trading Down 2.7 %

Shares of NYSEAMERICAN CMCL opened at $10.02 on Monday. 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 has a fifty-two week low of $8.91 and a fifty-two week high of $16.95. The firm has a market capitalization of $128.56 million, a PE ratio of 20.88 and a beta of 0.64.

Caledonia Mining Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, December 6th. Stockholders of record on Friday, November 22nd were issued a $0.14 dividend. This represents a $0.56 dividend on an annualized basis and a dividend yield of 5.59%. The ex-dividend date of this dividend was Friday, November 22nd. Caledonia Mining’s payout ratio is 116.67%.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the company. State Street Corp grew its holdings in shares of Caledonia Mining by 0.6% during 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. lifted its position in Caledonia Mining by 7.1% during the third 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 last quarter. Rhumbline Advisers grew its stake in Caledonia Mining by 22.5% in the 2nd quarter. Rhumbline Advisers now owns 20,627 shares of the company’s stock worth $200,000 after buying an additional 3,795 shares in the last quarter. Geode Capital Management LLC increased its holdings in shares of Caledonia Mining by 2.3% in the 3rd quarter. Geode Capital Management LLC now owns 199,796 shares of the company’s stock worth $2,989,000 after buying an additional 4,412 shares during the last quarter. Finally, Bank of New York Mellon Corp raised its position in shares of Caledonia Mining by 11.8% during the 2nd quarter. Bank of New York Mellon Corp now owns 48,073 shares of the company’s stock valued at $467,000 after buying an additional 5,087 shares in the last quarter. 31.78% of the stock is owned by institutional investors.

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.