Ameriprise Financial Inc. Buys 14,689 Shares of Caledonia Mining Co. Plc (NYSEAMERICAN:CMCL)

Ameriprise Financial Inc. raised its position in Caledonia Mining Co. Plc (NYSEAMERICAN:CMCL) by 16.8% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 102,377 shares of the company’s stock after buying an additional 14,689 shares during the quarter. Ameriprise Financial Inc.’s holdings in Caledonia Mining were worth $963,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. Northern Trust Corp increased its stake in Caledonia Mining by 4.9% in the fourth quarter. Northern Trust Corp now owns 100,513 shares of the company’s stock valued at $946,000 after acquiring an additional 4,662 shares during the last quarter. Dimensional Fund Advisors LP increased its stake in shares of Caledonia Mining by 24.5% in the 4th quarter. Dimensional Fund Advisors LP now owns 313,604 shares of the company’s stock valued at $2,951,000 after purchasing an additional 61,694 shares during the last quarter. Covalis Capital LLP increased its stake in shares of Caledonia Mining by 53.8% in the 4th quarter. Covalis Capital LLP now owns 20,000 shares of the company’s stock valued at $188,000 after purchasing an additional 6,996 shares during the last quarter. XTX Topco Ltd bought a new position in shares of Caledonia Mining in the 4th quarter valued at $97,000. Finally, Martingale Asset Management L P grew its position in Caledonia Mining by 18.8% in the fourth quarter. Martingale Asset Management L P now owns 90,395 shares of the company’s stock valued at $851,000 after acquiring an additional 14,332 shares during the last quarter. 31.78% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Separately, Maxim Group set a $21.00 target price on Caledonia Mining and gave the company a “buy” rating in a research report on Wednesday, May 14th.

Caledonia Mining Trading Up 1.0%

Shares of Caledonia Mining stock opened at $17.14 on Monday. The firm’s 50 day moving average is $13.84 and its 200 day moving average is $12.18. The firm has a market capitalization of $329.43 million, a PE ratio of 35.71 and a beta of 0.68. Caledonia Mining Co. Plc has a 1 year low of $8.81 and a 1 year high of $17.90. 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 Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, June 6th. Shareholders of record on Friday, May 23rd will be paid a dividend of $0.14 per share. The ex-dividend date of this dividend is Friday, May 23rd. This represents a $0.56 dividend on an annualized basis and a dividend yield of 3.27%. Caledonia Mining’s payout ratio 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.