Caledonia Mining Co. Plc (NYSEAMERICAN:CMCL) Holdings Boosted by Millennium Management LLC

Millennium Management LLC raised its stake in Caledonia Mining Co. Plc (NYSEAMERICAN:CMCL) by 78.6% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 22,507 shares of the company’s stock after acquiring an additional 9,902 shares during the period. Millennium Management LLC owned 0.12% of Caledonia Mining worth $212,000 as of its most recent SEC filing.

Other institutional investors also recently made changes to their positions in the company. American Century Companies Inc. boosted its stake in Caledonia Mining by 60.7% during the 4th quarter. American Century Companies Inc. now owns 347,981 shares of the company’s stock valued at $3,275,000 after purchasing an additional 131,451 shares in the last quarter. Renaissance Technologies LLC lifted its holdings in shares of Caledonia Mining by 112.7% in the fourth quarter. Renaissance Technologies LLC now owns 156,527 shares of the company’s stock valued at $1,473,000 after buying an additional 82,927 shares during the period. Dimensional Fund Advisors LP boosted its stake in Caledonia Mining by 24.5% during the fourth quarter. Dimensional Fund Advisors LP now owns 313,604 shares of the company’s stock valued at $2,951,000 after buying an additional 61,694 shares in the last quarter. Globeflex Capital L P acquired a new position in Caledonia Mining during the fourth quarter worth about $436,000. Finally, Los Angeles Capital Management LLC grew its holdings in Caledonia Mining by 112.0% during the fourth quarter. Los Angeles Capital Management LLC now owns 71,394 shares of the company’s stock worth $672,000 after acquiring an additional 37,724 shares during the period. 31.78% of the stock is owned by institutional investors.

Caledonia Mining Stock Performance

Shares of Caledonia Mining stock opened at $19.98 on Friday. The stock has a market cap of $384.02 million, a PE ratio of 41.63 and a beta of 0.68. Caledonia Mining Co. Plc has a 12 month low of $8.81 and a 12 month high of $19.99. The company has a quick ratio of 0.89, a current ratio of 1.44 and a debt-to-equity ratio of 0.04. The business has a fifty day simple moving average of $15.05 and a 200-day simple moving average of $12.51.

Caledonia Mining Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, June 6th. Shareholders of record on Friday, May 23rd were given a $0.14 dividend. The ex-dividend date of this dividend was Friday, May 23rd. This represents a $0.56 dividend on an annualized basis and a yield of 2.80%. Caledonia Mining’s dividend payout ratio (DPR) is presently 116.67%.

Analysts Set New Price Targets

Separately, Maxim Group set a $21.00 price target on shares of Caledonia Mining and gave the stock a “buy” rating in a research report on Wednesday, May 14th.

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.