International Assets Investment Management LLC Purchases Shares of 45,140 Caledonia Mining Co. Plc (NYSEAMERICAN:CMCL)

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

A number of other institutional investors and hedge funds have also added to or reduced their stakes in CMCL. Hsbc Holdings PLC acquired a new position in Caledonia Mining during the 3rd quarter valued at about $237,000. Barclays PLC increased its stake in shares of Caledonia Mining by 266.2% during the third quarter. Barclays PLC now owns 21,621 shares of the company’s stock valued at $214,000 after acquiring an additional 15,717 shares during the period. SG Americas Securities LLC bought a new stake in Caledonia Mining during the fourth quarter worth approximately $124,000. Headinvest LLC bought a new stake in Caledonia Mining during the third quarter worth approximately $55,000. Finally, Allspring Global Investments Holdings LLC acquired a new stake in Caledonia Mining in the third quarter worth approximately $50,000. 31.78% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Separately, Cantor Fitzgerald upgraded Caledonia Mining from a “hold” rating to a “speculative buy” rating and set a $13.50 price target on the stock in a research report on Monday, April 29th.

Caledonia Mining Trading Up 0.3 %

Shares of Caledonia Mining stock opened at $10.00 on Wednesday. Caledonia Mining Co. Plc has a 52 week low of $8.91 and a 52 week high of $14.49. The company has a current ratio of 1.35, a quick ratio of 0.85 and a debt-to-equity ratio of 0.02. The stock has a market capitalization of $128.30 million, a price-to-earnings ratio of -29.41 and a beta of 0.72.

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

Caledonia Mining Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, April 26th. Stockholders of record on Friday, April 12th were paid a dividend of $0.14 per share. This represents a $0.56 annualized dividend and a dividend yield of 5.60%. The ex-dividend date was Thursday, April 11th. Caledonia Mining’s dividend payout ratio is presently -164.70%.

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.