JPMorgan Chase & Co. Reduces Stock Holdings in Caledonia Mining Co. Plc (NYSEAMERICAN:CMCL)

JPMorgan Chase & Co. decreased its holdings in Caledonia Mining Co. Plc (NYSEAMERICAN:CMCL) by 32.7% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 7,552 shares of the company’s stock after selling 3,675 shares during the period. JPMorgan Chase & Co.’s holdings in Caledonia Mining were worth $113,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also added to or reduced their stakes in the stock. State Street Corp boosted its holdings in shares of Caledonia Mining by 0.6% in the 3rd quarter. State Street Corp now owns 203,534 shares of the company’s stock valued at $3,045,000 after buying an additional 1,177 shares in the last quarter. Charles Schwab Investment Management Inc. increased its position in shares of Caledonia Mining by 7.1% during the third quarter. Charles Schwab Investment Management Inc. now owns 40,734 shares of the company’s stock worth $609,000 after purchasing an additional 2,717 shares in the last quarter. Geode Capital Management LLC increased its position in shares of Caledonia Mining by 2.3% during the third quarter. Geode Capital Management LLC now owns 199,796 shares of the company’s stock worth $2,989,000 after purchasing an additional 4,412 shares in the last quarter. BNP Paribas Financial Markets lifted its holdings in shares of Caledonia Mining by 358.2% during the 3rd quarter. BNP Paribas Financial Markets now owns 17,500 shares of the company’s stock valued at $262,000 after purchasing an additional 13,681 shares during the last quarter. Finally, Barclays PLC grew its stake in Caledonia Mining by 62.0% during the 3rd quarter. Barclays PLC now owns 39,892 shares of the company’s stock worth $596,000 after buying an additional 15,269 shares during the last quarter. 31.78% of the stock is currently owned by institutional investors.

Caledonia Mining Price Performance

NYSEAMERICAN:CMCL opened at $9.39 on Monday. The company has a market cap of $180.48 million, a price-to-earnings ratio of 19.56 and a beta of 0.66. Caledonia Mining Co. Plc has a twelve month low of $8.81 and a twelve month high of $16.95. The company has a current ratio of 1.44, a quick ratio of 0.89 and a debt-to-equity ratio of 0.04.

Caledonia Mining (NYSEAMERICAN:CMCL) last released its earnings results on Monday, November 11th. The company reported $0.26 earnings per share (EPS) for the quarter. Caledonia Mining had a return on equity of 7.83% and a net margin of 5.55%. The firm had revenue of $46.87 million for the quarter.

Caledonia Mining Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, December 6th. Investors of record on Friday, November 22nd were issued a dividend of $0.14 per share. This represents a $0.56 dividend on an annualized basis and a dividend yield of 5.96%. The ex-dividend date was Friday, November 22nd. Caledonia Mining’s dividend payout ratio (DPR) is 116.67%.

Analyst Ratings Changes

Separately, Maxim Group upgraded Caledonia Mining to a “strong-buy” rating in a research note on Friday, January 3rd.

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.