Van ECK Associates Corp Boosts Stock Holdings in Caledonia Mining Co. Plc (NYSEAMERICAN:CMCL)

Van ECK Associates Corp grew its position in shares of Caledonia Mining Co. Plc (NYSEAMERICAN:CMCL) by 2.9% in the 4th quarter, Holdings Channel.com reports. The firm owned 651,728 shares of the company’s stock after buying an additional 18,465 shares during the period. Van ECK Associates Corp owned about 0.05% of Caledonia Mining worth $7,951,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently made changes to their positions in the company. Significant Wealth Partners LLC purchased a new position in shares of Caledonia Mining during the 4th quarter valued at approximately $1,611,000. Hsbc Holdings PLC acquired a new stake in Caledonia Mining in the 3rd quarter valued at $237,000. International Assets Investment Management LLC acquired a new stake in Caledonia Mining in the 4th quarter valued at $5,510,000. SG Americas Securities LLC acquired a new stake in Caledonia Mining in the 4th quarter valued at $124,000. Finally, Barclays PLC grew its stake in Caledonia Mining by 266.2% in the 3rd quarter. Barclays PLC now owns 21,621 shares of the company’s stock valued at $214,000 after acquiring an additional 15,717 shares during the period. 31.78% of the stock is owned by hedge funds and other institutional investors.

Caledonia Mining Price Performance

Caledonia Mining stock opened at $9.77 on Friday. Caledonia Mining Co. Plc has a 1 year low of $8.91 and a 1 year high of $15.03. The firm has a market capitalization of $125.35 million, a P/E ratio of -28.73 and a beta of 0.72. The company has a debt-to-equity ratio of 0.02, a quick ratio of 0.85 and a current ratio of 1.35.

Caledonia Mining (NYSEAMERICAN:CMCL) last released its quarterly earnings results on Thursday, March 28th. The company reported $0.02 earnings per share (EPS) for the quarter. Caledonia Mining had a negative net margin of 2.87% and a positive return on equity of 4.06%. The firm had revenue of $38.66 million for the quarter.

Caledonia Mining Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, April 26th. Shareholders of record on Friday, April 12th were paid a dividend of $0.14 per share. The ex-dividend date of this dividend was Thursday, April 11th. This represents a $0.56 annualized dividend and a yield of 5.73%. Caledonia Mining’s dividend payout ratio (DPR) is presently -164.70%.

Wall Street Analysts Forecast Growth

Separately, Cantor Fitzgerald raised shares of Caledonia Mining from a “hold” rating to a “speculative buy” rating and set a $13.50 price target on the stock in a research note on Monday, April 29th.

About Caledonia Mining

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.