Caledonia Mining Co. Plc (NYSEAMERICAN:CMCL) Shares Purchased by Charles Schwab Investment Management Inc.

Charles Schwab Investment Management Inc. grew its stake in Caledonia Mining Co. Plc (NYSEAMERICAN:CMCL) by 7.1% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 40,734 shares of the company’s stock after purchasing an additional 2,717 shares during the period. Charles Schwab Investment Management Inc. owned approximately 0.32% of Caledonia Mining worth $609,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the company. Segall Bryant & Hamill LLC purchased a new position in shares of Caledonia Mining during the 3rd quarter worth approximately $2,759,000. Renaissance Technologies LLC purchased a new position in Caledonia Mining during the second quarter worth approximately $656,000. Van ECK Associates Corp raised its position in shares of Caledonia Mining by 7.9% in 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 period. Marshall Wace LLP purchased a new stake in Caledonia Mining during the second quarter worth approximately $384,000. Finally, International Assets Investment Management LLC acquired a new stake in Caledonia Mining in the 3rd quarter valued at $5,600,000. 31.78% of the stock is owned by institutional investors and hedge funds.

Caledonia Mining Trading Down 4.8 %

NYSEAMERICAN:CMCL opened at $9.45 on Thursday. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.44 and a quick ratio of 0.89. The stock has a market capitalization of $121.24 million, a P/E ratio of 19.69 and a beta of 0.64. Caledonia Mining Co. Plc has a one year low of $8.91 and a one year high of $16.95.

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. The ex-dividend date of this dividend was Friday, November 22nd. This represents a $0.56 dividend on an annualized basis and a dividend yield of 5.93%. Caledonia Mining’s dividend payout ratio (DPR) is 116.67%.

Analysts Set New Price Targets

Separately, Maxim Group initiated coverage on Caledonia Mining in a research report on Monday. They set a “buy” rating and a $17.00 price target on the stock.

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.