Summit Global Investments Buys Shares of 15,774 Caledonia Mining Co. Plc (NYSEAMERICAN:CMCL)

Summit Global Investments purchased a new stake in shares of Caledonia Mining Co. Plc (NYSEAMERICAN:CMCL) in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 15,774 shares of the company’s stock, valued at approximately $148,000. Summit Global Investments owned about 0.08% of Caledonia Mining at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in CMCL. State Street Corp lifted its position in shares of Caledonia Mining by 0.6% during the third quarter. State Street Corp now owns 203,534 shares of the company’s stock worth $3,045,000 after purchasing an additional 1,177 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its position in Caledonia Mining by 7.1% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 40,734 shares of the company’s stock valued at $609,000 after buying an additional 2,717 shares during the period. Geode Capital Management LLC grew its stake in shares of Caledonia Mining by 2.3% in the third quarter. Geode Capital Management LLC now owns 199,796 shares of the company’s stock worth $2,989,000 after acquiring an additional 4,412 shares in the last quarter. BNP Paribas Financial Markets grew its stake in shares of Caledonia Mining by 358.2% in the third quarter. BNP Paribas Financial Markets now owns 17,500 shares of the company’s stock worth $262,000 after acquiring an additional 13,681 shares in the last quarter. Finally, Barclays PLC increased its position in shares of Caledonia Mining by 62.0% during the third quarter. Barclays PLC now owns 39,892 shares of the company’s stock worth $596,000 after acquiring an additional 15,269 shares during the period. 31.78% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

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

Caledonia Mining Stock Performance

CMCL opened at $11.25 on Wednesday. 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 Co. Plc has a one year low of $8.81 and a one year high of $16.95. The stock has a market cap of $216.23 million, a P/E ratio of 23.44 and a beta of 0.68. The firm has a 50-day simple moving average of $10.15.

Caledonia Mining Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, April 18th. Stockholders of record on Friday, April 4th will be given a dividend of $0.14 per share. The ex-dividend date is Friday, April 4th. This represents a $0.56 annualized dividend and a dividend yield of 4.98%. Caledonia Mining’s dividend payout ratio is presently 116.67%.

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.