Dimensional Fund Advisors LP Purchases 61,694 Shares of Caledonia Mining Co. Plc (NYSEAMERICAN:CMCL)

Dimensional Fund Advisors LP raised its stake in shares of Caledonia Mining Co. Plc (NYSEAMERICAN:CMCL) by 24.5% during the 4th quarter, Holdings Channel.com reports. The fund owned 313,604 shares of the company’s stock after purchasing an additional 61,694 shares during the quarter. Dimensional Fund Advisors LP’s holdings in Caledonia Mining were worth $2,951,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds also recently made changes to their positions in CMCL. Wells Fargo & Company MN raised its stake in Caledonia Mining by 27.9% during the 4th quarter. Wells Fargo & Company MN now owns 9,651 shares of the company’s stock worth $91,000 after acquiring an additional 2,103 shares during the period. Geode Capital Management LLC increased its position in Caledonia Mining by 1.6% in the fourth quarter. Geode Capital Management LLC now owns 202,919 shares of the company’s stock worth $1,909,000 after purchasing an additional 3,123 shares during the last quarter. JPMorgan Chase & Co. increased its position in Caledonia Mining by 59.3% in the fourth quarter. JPMorgan Chase & Co. now owns 12,031 shares of the company’s stock worth $113,000 after purchasing an additional 4,479 shares during the last quarter. Covalis Capital LLP increased its position in Caledonia Mining by 53.8% during the fourth quarter. Covalis Capital LLP now owns 20,000 shares of the company’s stock valued at $188,000 after acquiring an additional 6,996 shares during the last quarter. Finally, XTX Topco Ltd bought a new position in Caledonia Mining during the fourth quarter valued at $97,000. Hedge funds and other institutional investors own 31.78% of the company’s stock.

Caledonia Mining Trading Up 1.9%

CMCL stock opened at $14.27 on Wednesday. The stock has a market capitalization of $274.27 million, a price-to-earnings ratio of 29.73 and a beta of 0.68. Caledonia Mining Co. Plc has a twelve month low of $8.81 and a twelve month high of $16.95. The company has a quick ratio of 0.89, a current ratio of 1.44 and a debt-to-equity ratio of 0.04. The firm’s fifty day simple moving average is $12.39 and its two-hundred day simple moving average is $11.80.

Caledonia Mining Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, June 6th. Stockholders of record on Friday, May 23rd will be paid a dividend of $0.14 per share. This represents a $0.56 dividend on an annualized basis and a dividend yield of 3.92%. The ex-dividend date of this dividend is Friday, May 23rd. Caledonia Mining’s dividend payout ratio is currently 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.