Caledonia Mining Co. Plc (NYSEAMERICAN:CMCL) Stock Position Lifted by Charles Schwab Investment Management Inc.

Charles Schwab Investment Management Inc. lifted its stake in shares of Caledonia Mining Co. Plc (NYSEAMERICAN:CMCL) by 7.1% during the third quarter, Holdings Channel.com reports. The firm owned 40,734 shares of the company’s stock after acquiring an additional 2,717 shares during the period. Charles Schwab Investment Management Inc.’s holdings in Caledonia Mining were worth $609,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also bought and sold shares of the company. Van ECK Associates Corp raised its position in Caledonia Mining by 7.9% in the second quarter. Van ECK Associates Corp now owns 732,352 shares of the company’s stock worth $7,118,000 after acquiring an additional 53,678 shares in the last quarter. Marshall Wace LLP acquired a new position in shares of Caledonia Mining in the 2nd quarter worth approximately $384,000. Squarepoint Ops LLC bought a new stake in shares of Caledonia Mining in the 2nd quarter worth approximately $314,000. International Assets Investment Management LLC acquired a new stake in Caledonia Mining during the third quarter valued at approximately $5,600,000. Finally, Dimensional Fund Advisors LP lifted its stake in Caledonia Mining by 14.9% during the second quarter. Dimensional Fund Advisors LP now owns 188,274 shares of the company’s stock valued at $1,830,000 after purchasing an additional 24,447 shares during the last quarter. Institutional investors and hedge funds own 31.78% of the company’s stock.

Caledonia Mining Trading Down 4.8 %

NYSEAMERICAN:CMCL opened at $9.45 on Thursday. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.44 and a quick ratio of 0.89. The firm has a market capitalization of $121.24 million, a P/E ratio of 19.69 and a beta of 0.64. Caledonia Mining Co. Plc has a 1-year low of $8.91 and a 1-year high of $16.95.

Caledonia Mining Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, December 6th. Stockholders of record on Friday, November 22nd were issued a dividend of $0.14 per share. The ex-dividend date was Friday, November 22nd. This represents a $0.56 dividend on an annualized basis and a dividend yield of 5.93%. Caledonia Mining’s dividend payout ratio is currently 116.67%.

Wall Street Analysts Forecast Growth

Separately, Maxim Group initiated coverage on shares of Caledonia Mining in a research report on Monday. They issued a “buy” rating and a $17.00 price target on the stock.

Caledonia Mining 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.