International Assets Investment Management LLC Takes $5.51 Million Position in Caledonia Mining Co. Plc (NYSEAMERICAN:CMCL)

International Assets Investment Management LLC bought a new stake in Caledonia Mining Co. Plc (NYSEAMERICAN:CMCL) in the 4th quarter, HoldingsChannel.com reports. The firm bought 45,140 shares of the company’s stock, valued at approximately $5,510,000.

Several other large investors also recently made changes to their positions in the company. BlackRock Inc. grew its stake in shares of Caledonia Mining by 1,661.7% in the 2nd quarter. BlackRock Inc. now owns 693,263 shares of the company’s stock valued at $8,056,000 after buying an additional 653,911 shares during the period. State Street Corp bought a new position in Caledonia Mining in the 2nd quarter valued at about $2,264,000. Geode Capital Management LLC bought a new position in Caledonia Mining in the 2nd quarter valued at about $1,883,000. Dimensional Fund Advisors LP lifted its position in Caledonia Mining by 21.0% in the 2nd quarter. Dimensional Fund Advisors LP now owns 106,611 shares of the company’s stock valued at $1,239,000 after acquiring an additional 18,485 shares in the last quarter. Finally, Northern Trust Corp bought a new position in Caledonia Mining in the 2nd quarter valued at about $1,192,000. 31.78% of the stock is currently owned by institutional investors and hedge funds.

Caledonia Mining Stock Down 1.7 %

Shares of NYSEAMERICAN CMCL opened at $10.55 on Tuesday. Caledonia Mining Co. Plc has a fifty-two week low of $8.91 and a fifty-two week high of $16.60. The stock has a market capitalization of $135.36 million, a P/E ratio of -31.03 and a beta of 0.68. The company has a current ratio of 1.35, a quick ratio of 0.85 and a debt-to-equity ratio of 0.02.

Caledonia Mining (NYSEAMERICAN:CMCL) last announced its quarterly earnings results on Thursday, March 28th. The company reported $0.02 earnings per share for the quarter. Caledonia Mining had a negative net margin of 2.87% and a positive return on equity of 4.06%. The business had revenue of $38.66 million for the quarter.

Caledonia Mining Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, April 26th. Shareholders of record on Friday, April 12th will be given a dividend of $0.14 per share. The ex-dividend date of this dividend is Thursday, April 11th. This represents a $0.56 annualized dividend and a dividend yield of 5.31%. Caledonia Mining’s dividend payout ratio is currently -164.70%.

Analyst Upgrades and Downgrades

Separately, Cantor Fitzgerald reaffirmed a “hold” rating on shares of Caledonia Mining in a research report on Thursday, March 28th.

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 64% interest in the Blanket Mine, a gold mine located in Zimbabwe. It also owns 100% interest in the Maligreen project, a brownfield gold exploration project located in the Gweru mining district in the Zimbabwe Midlands; Bilboes, gold deposit located to the north of Bulawayo, Zimbabwe; and Motapa, a gold exploration property located in Southern Zimbabwe.