Russell Investments Group Ltd. Raises Position in Caledonia Mining Corporation PLC $CMCL

Russell Investments Group Ltd. boosted its stake in Caledonia Mining Corporation PLC (NYSEAMERICAN:CMCL) by 56.2% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 6,005 shares of the company’s stock after buying an additional 2,160 shares during the quarter. Russell Investments Group Ltd.’s holdings in Caledonia Mining were worth $75,000 at the end of the most recent reporting period.

A number of other institutional investors have also bought and sold shares of the business. Dimensional Fund Advisors LP increased its holdings in shares of Caledonia Mining by 24.5% during the 4th quarter. Dimensional Fund Advisors LP now owns 313,604 shares of the company’s stock worth $2,951,000 after buying an additional 61,694 shares during the last quarter. GSA Capital Partners LLP acquired a new stake in shares of Caledonia Mining during the 1st quarter worth approximately $660,000. Jacobs Levy Equity Management Inc. acquired a new stake in shares of Caledonia Mining during the 4th quarter worth approximately $319,000. Bridgeway Capital Management LLC increased its holdings in shares of Caledonia Mining by 36.5% during the 4th quarter. Bridgeway Capital Management LLC now owns 107,884 shares of the company’s stock worth $1,015,000 after buying an additional 28,836 shares during the last quarter. Finally, Bailard Inc. acquired a new stake in shares of Caledonia Mining during the 1st quarter worth approximately $313,000. 31.78% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Separately, Maxim Group raised their price target on shares of Caledonia Mining from $21.00 to $28.00 and gave the stock a “buy” rating in a report on Thursday, July 17th. One analyst has rated the stock with a Buy rating, According to MarketBeat.com, Caledonia Mining has an average rating of “Buy” and an average price target of $28.00.

Caledonia Mining Trading Up 1.3%

NYSEAMERICAN CMCL opened at $26.73 on Thursday. The stock has a market capitalization of $513.75 million, a P/E ratio of 13.85 and a beta of 0.35. Caledonia Mining Corporation PLC has a 52-week low of $8.81 and a 52-week high of $27.19. The firm has a 50-day moving average price of $22.28 and a 200 day moving average price of $16.52. The company has a quick ratio of 1.10, a current ratio of 1.65 and a debt-to-equity ratio of 0.05.

Caledonia Mining Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, September 5th. Investors of record on Friday, August 22nd will be issued a dividend of $0.14 per share. This represents a $0.56 annualized dividend and a yield of 2.1%. The ex-dividend date of this dividend is Friday, August 22nd. Caledonia Mining’s dividend payout ratio is currently 116.67%.

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.