Invesco Ltd. Lowers Holdings in Caledonia Mining Corporation PLC $CMCL

Invesco Ltd. decreased its stake in shares of Caledonia Mining Corporation PLC (NYSEAMERICAN:CMCL) by 21.2% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 29,024 shares of the company’s stock after selling 7,815 shares during the quarter. Invesco Ltd. owned about 0.15% of Caledonia Mining worth $363,000 at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in CMCL. GAMMA Investing LLC raised its stake in shares of Caledonia Mining by 2,778.8% in the first quarter. GAMMA Investing LLC now owns 3,397 shares of the company’s stock worth $42,000 after purchasing an additional 3,279 shares during the last quarter. Public Employees Retirement System of Ohio bought a new stake in shares of Caledonia Mining in the fourth quarter worth $61,000. Wells Fargo & Company MN grew its holdings in shares of Caledonia Mining by 27.9% in the fourth quarter. Wells Fargo & Company MN now owns 9,651 shares of the company’s stock worth $91,000 after acquiring an additional 2,103 shares during the period. Deutsche Bank AG grew its holdings in shares of Caledonia Mining by 46.2% in the fourth quarter. Deutsche Bank AG now owns 11,019 shares of the company’s stock worth $104,000 after acquiring an additional 3,482 shares during the period. Finally, Mackenzie Financial Corp bought a new stake in shares of Caledonia Mining in the first quarter worth $162,000. Hedge funds and other institutional investors own 31.78% of the company’s stock.

Caledonia Mining Stock Performance

NYSEAMERICAN:CMCL opened at $28.41 on Friday. The stock has a 50-day simple moving average of $22.62 and a two-hundred day simple moving average of $16.81. Caledonia Mining Corporation PLC has a 52-week low of $8.81 and a 52-week high of $28.54. The company has a debt-to-equity ratio of 0.05, a quick ratio of 1.10 and a current ratio of 1.65. The firm has a market capitalization of $546.04 million, a PE ratio of 14.72 and a beta of 0.35.

Caledonia Mining Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, September 5th. Investors of record on Friday, August 22nd were given a $0.14 dividend. This represents a $0.56 dividend on an annualized basis and a dividend yield of 2.0%. The ex-dividend date was Friday, August 22nd. Caledonia Mining’s payout ratio is currently 116.67%.

Analysts Set New Price Targets

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

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.