BNP Paribas Financial Markets Increases Holdings in Caledonia Mining Co. Plc (NYSEAMERICAN:CMCL)

BNP Paribas Financial Markets boosted its position in Caledonia Mining Co. Plc (NYSEAMERICAN:CMCL) by 358.2% during the third quarter, Holdings Channel.com reports. The institutional investor owned 17,500 shares of the company’s stock after purchasing an additional 13,681 shares during the period. BNP Paribas Financial Markets’ holdings in Caledonia Mining were worth $262,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently bought and sold shares of CMCL. Charles Schwab Investment Management Inc. lifted its holdings in Caledonia Mining by 7.1% in the third quarter. Charles Schwab Investment Management Inc. now owns 40,734 shares of the company’s stock valued at $609,000 after acquiring an additional 2,717 shares during the period. Segall Bryant & Hamill LLC purchased a new stake in Caledonia Mining during the third quarter worth $2,759,000. Empowered Funds LLC grew its position in Caledonia Mining by 34.0% during the third quarter. Empowered Funds LLC now owns 69,848 shares of the company’s stock valued at $1,045,000 after buying an additional 17,740 shares during the period. Los Angeles Capital Management LLC purchased a new stake in shares of Caledonia Mining during the 3rd quarter worth about $504,000. Finally, International Assets Investment Management LLC purchased a new position in Caledonia Mining during the third quarter worth approximately $5,600,000. Institutional investors and hedge funds own 31.78% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, Maxim Group began coverage on Caledonia Mining in a research note on Monday. They set a “buy” rating and a $17.00 target price for the company.

Caledonia Mining Stock Down 2.7 %

Shares of Caledonia Mining stock opened at $10.02 on Tuesday. The company has a debt-to-equity ratio of 0.04, a quick ratio of 0.89 and a current ratio of 1.44. Caledonia Mining Co. Plc has a twelve month low of $8.91 and a twelve month high of $16.95. The stock has a market capitalization of $128.56 million, a P/E ratio of 20.88 and a beta of 0.64.

Caledonia Mining Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, December 6th. Shareholders of record on Friday, November 22nd were paid a dividend of $0.14 per share. The ex-dividend date was Friday, November 22nd. This represents a $0.56 annualized dividend and a yield of 5.59%. Caledonia Mining’s dividend payout ratio (DPR) is presently 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.