Rhumbline Advisers Reduces Holdings in Caledonia Mining Co. Plc (NYSEAMERICAN:CMCL)

Rhumbline Advisers lowered its position in shares of Caledonia Mining Co. Plc (NYSEAMERICAN:CMCL) by 4.5% during the fourth quarter, Holdings Channel reports. The firm owned 25,589 shares of the company’s stock after selling 1,216 shares during the quarter. Rhumbline Advisers’ holdings in Caledonia Mining were worth $241,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also made changes to their positions in the company. BNP Paribas Financial Markets boosted its stake in Caledonia Mining by 358.2% during the 3rd quarter. BNP Paribas Financial Markets now owns 17,500 shares of the company’s stock worth $262,000 after purchasing an additional 13,681 shares during the period. Los Angeles Capital Management LLC purchased a new stake in shares of Caledonia Mining in the third quarter valued at about $504,000. Barclays PLC raised its holdings in shares of Caledonia Mining by 62.0% in the third quarter. Barclays PLC now owns 39,892 shares of the company’s stock valued at $596,000 after buying an additional 15,269 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its stake 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 buying an additional 2,717 shares during the period. Finally, Empowered Funds LLC grew its holdings in shares of Caledonia Mining by 27.0% during the fourth quarter. Empowered Funds LLC now owns 88,684 shares of the company’s stock worth $835,000 after buying an additional 18,836 shares during the last quarter. 31.78% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

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

Caledonia Mining Price Performance

NYSEAMERICAN:CMCL opened at $10.65 on Monday. The company has a current ratio of 1.44, a quick ratio of 0.89 and a debt-to-equity ratio of 0.04. The stock has a market cap of $204.69 million, a price-to-earnings ratio of 22.19 and a beta of 0.68. The firm has a fifty day moving average price of $9.73. Caledonia Mining Co. Plc has a 1-year low of $8.81 and a 1-year high of $16.95.

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.