Rhumbline Advisers Acquires 12,869 Shares of Caledonia Mining Corporation PLC $CMCL

Rhumbline Advisers raised its holdings in shares of Caledonia Mining Corporation PLC (NYSEAMERICAN:CMCL) by 50.3% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 38,458 shares of the company’s stock after purchasing an additional 12,869 shares during the quarter. Rhumbline Advisers owned 0.20% of Caledonia Mining worth $480,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. GAMMA Investing LLC increased its stake in Caledonia Mining by 2,778.8% during the 1st quarter. GAMMA Investing LLC now owns 3,397 shares of the company’s stock valued at $42,000 after purchasing an additional 3,279 shares in the last quarter. Public Employees Retirement System of Ohio bought a new stake in Caledonia Mining during the 4th quarter valued at $61,000. Russell Investments Group Ltd. increased its stake in Caledonia Mining by 56.2% during the 1st quarter. Russell Investments Group Ltd. now owns 6,005 shares of the company’s stock valued at $75,000 after purchasing an additional 2,160 shares in the last quarter. Deutsche Bank AG increased its stake in Caledonia Mining by 46.2% during the 4th quarter. Deutsche Bank AG now owns 11,019 shares of the company’s stock valued at $104,000 after purchasing an additional 3,482 shares in 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 own 31.78% of the company’s stock.

Caledonia Mining Stock Up 1.3%

Shares of Caledonia Mining stock opened at $34.63 on Wednesday. The company has a debt-to-equity ratio of 0.05, a quick ratio of 1.10 and a current ratio of 1.65. Caledonia Mining Corporation PLC has a 52-week low of $8.81 and a 52-week high of $35.29. The stock has a market capitalization of $665.59 million, a price-to-earnings ratio of 17.94 and a beta of 0.35. The company’s 50 day moving average price is $25.37 and its 200-day moving average price is $18.85.

Caledonia Mining Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, September 5th. Stockholders of record on Friday, August 22nd were issued a $0.14 dividend. The ex-dividend date was Friday, August 22nd. This represents a $0.56 annualized dividend and a dividend yield of 1.6%. Caledonia Mining’s dividend payout ratio (DPR) is currently 116.67%.

Wall Street Analyst Weigh In

Separately, Maxim Group increased 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 investment analyst has rated the stock with a Buy rating, According to MarketBeat.com, the stock has an average rating of “Buy” and a consensus 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.