American Century Companies Inc. Buys 131,451 Shares of Caledonia Mining Co. Plc (NYSEAMERICAN:CMCL)

American Century Companies Inc. lifted its stake in Caledonia Mining Co. Plc (NYSEAMERICAN:CMCL - Free Report) by 60.7% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 347,981 shares of the company's stock after buying an additional 131,451 shares during the period. American Century Companies Inc. owned approximately 1.81% of Caledonia Mining worth $3,275,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Charles Schwab Investment Management Inc. increased its stake in shares of Caledonia Mining by 7.1% in 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. BNP Paribas Financial Markets grew its holdings in Caledonia Mining by 358.2% in the 3rd 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 during the last quarter. State Street Corp increased its position in shares of Caledonia Mining by 0.6% in the third quarter. State Street Corp now owns 203,534 shares of the company's stock valued at $3,045,000 after acquiring an additional 1,177 shares during the period. Barclays PLC raised its stake in shares of Caledonia Mining by 62.0% during the third quarter. Barclays PLC now owns 39,892 shares of the company's stock valued at $596,000 after acquiring an additional 15,269 shares during the last quarter. Finally, Geode Capital Management LLC boosted its holdings in shares of Caledonia Mining by 2.3% during the third quarter. Geode Capital Management LLC now owns 199,796 shares of the company's stock worth $2,989,000 after purchasing an additional 4,412 shares during the period. Institutional investors own 31.78% of the company's stock.

Analyst Upgrades and Downgrades

Separately, Maxim Group upgraded Caledonia Mining to a "strong-buy" rating in a report on Friday, January 3rd.

Caledonia Mining Trading Up 4.4 %

CMCL stock traded up $0.54 on Friday, reaching $12.87. The company's stock had a trading volume of 147,508 shares, compared to its average volume of 75,346. The firm has a market cap of $247.36 million, a PE ratio of 26.81 and a beta of 0.68. The business has a fifty day simple moving average of $10.90 and a two-hundred day simple moving average of $11.48. Caledonia Mining Co. Plc has a 12-month low of $8.81 and a 12-month high of $16.95. The company has a debt-to-equity ratio of 0.04, a quick ratio of 0.89 and a current ratio of 1.44.

Caledonia Mining Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, April 17th. Stockholders of record on Friday, April 4th 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 4.35%. The ex-dividend date is Friday, April 4th. Caledonia Mining's payout ratio is 116.67%.

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.