Geode Capital Management LLC Grows Position in Caledonia Mining Co. Plc (NYSEAMERICAN:CMCL)

Geode Capital Management LLC raised its holdings in shares of Caledonia Mining Co. Plc (NYSEAMERICAN:CMCL) by 2.3% during the 3rd quarter, Holdings Channel.com reports. The firm owned 199,796 shares of the company’s stock after acquiring an additional 4,412 shares during the quarter. Geode Capital Management LLC’s holdings in Caledonia Mining were worth $2,989,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also added to or reduced their stakes in the company. BNP Paribas Financial Markets lifted its holdings in Caledonia Mining by 358.2% during the third 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. Rhumbline Advisers lifted its holdings in Caledonia Mining by 22.5% during the second quarter. Rhumbline Advisers now owns 20,627 shares of the company’s stock valued at $200,000 after purchasing an additional 3,795 shares during the last quarter. Squarepoint Ops LLC purchased a new stake in Caledonia Mining during the second quarter valued at about $314,000. Los Angeles Capital Management LLC purchased a new stake in Caledonia Mining during the third quarter valued at about $504,000. Finally, International Assets Investment Management LLC purchased a new stake in Caledonia Mining during the third quarter valued at about $5,600,000. 31.78% of the stock is owned by hedge funds and other institutional investors.

Caledonia Mining Trading Down 0.7 %

Shares of CMCL opened at $9.15 on Wednesday. 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 cap of $117.39 million, a PE ratio of 19.06 and a beta of 0.64. 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 Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, December 6th. Stockholders of record on Friday, November 22nd were given a dividend of $0.14 per share. This represents a $0.56 annualized dividend and a dividend yield of 6.12%. The ex-dividend date of this dividend was Friday, November 22nd. Caledonia Mining’s dividend payout ratio is presently 116.67%.

Analyst Upgrades and Downgrades

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

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.