Caledonia Mining Corporation PLC $CMCL Shares Sold by Jacobs Levy Equity Management Inc.

Jacobs Levy Equity Management Inc. lessened its stake in Caledonia Mining Corporation PLC (NYSEAMERICAN:CMCL) by 2.5% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 33,038 shares of the company’s stock after selling 855 shares during the period. Jacobs Levy Equity Management Inc. owned 0.17% of Caledonia Mining worth $413,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently bought and sold shares of CMCL. GAMMA Investing LLC boosted its stake in Caledonia Mining by 2,778.8% in the first quarter. GAMMA Investing LLC now owns 3,397 shares of the company’s stock valued at $42,000 after acquiring an additional 3,279 shares in the last quarter. Public Employees Retirement System of Ohio purchased a new stake in shares of Caledonia Mining in the fourth quarter valued at about $61,000. Russell Investments Group Ltd. raised its holdings in shares of Caledonia Mining by 56.2% in the first quarter. Russell Investments Group Ltd. now owns 6,005 shares of the company’s stock valued at $75,000 after buying an additional 2,160 shares during the last quarter. Deutsche Bank AG raised 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 valued at $104,000 after buying an additional 3,482 shares during the last quarter. Finally, Mackenzie Financial Corp purchased a new stake in shares of Caledonia Mining in the first quarter valued at about $162,000. Institutional investors and hedge funds own 31.78% of the company’s stock.

Caledonia Mining Trading Up 1.0%

NYSEAMERICAN CMCL opened at $33.13 on Friday. The stock has a market capitalization of $636.76 million, a P/E ratio of 17.17 and a beta of 0.35. Caledonia Mining Corporation PLC has a 52-week low of $8.81 and a 52-week high of $33.50. The firm has a 50-day moving average price of $23.69 and a 200 day moving average price of $17.57. 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 business also recently announced a quarterly dividend, which was paid on Friday, September 5th. Shareholders of record on Friday, August 22nd were issued a $0.14 dividend. The ex-dividend date of this dividend was Friday, August 22nd. This represents a $0.56 dividend on an annualized basis and a yield of 1.7%. Caledonia Mining’s dividend payout ratio (DPR) is 116.67%.

Analyst Upgrades and Downgrades

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

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.