Bridgeway Capital Management LLC Grows Position in Caledonia Mining Co. Plc (NYSEAMERICAN:CMCL)

Bridgeway Capital Management LLC boosted its holdings in Caledonia Mining Co. Plc (NYSEAMERICAN:CMCL - Free Report) by 36.5% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 107,884 shares of the company's stock after buying an additional 28,836 shares during the quarter. Bridgeway Capital Management LLC owned approximately 0.56% of Caledonia Mining worth $1,015,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of the business. American Century Companies Inc. boosted its stake in shares of Caledonia Mining by 60.7% during the fourth quarter. American Century Companies Inc. now owns 347,981 shares of the company's stock valued at $3,275,000 after purchasing an additional 131,451 shares in the last quarter. Dimensional Fund Advisors LP boosted its stake in shares of Caledonia Mining by 24.5% during the fourth 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 in the last quarter. Geode Capital Management LLC boosted its stake in shares of Caledonia Mining by 1.6% during the fourth quarter. Geode Capital Management LLC now owns 202,919 shares of the company's stock valued at $1,909,000 after purchasing an additional 3,123 shares in the last quarter. Renaissance Technologies LLC raised its position in shares of Caledonia Mining by 112.7% during the fourth quarter. Renaissance Technologies LLC now owns 156,527 shares of the company's stock worth $1,473,000 after acquiring an additional 82,927 shares during the last quarter. Finally, Ameriprise Financial Inc. raised its position in shares of Caledonia Mining by 16.8% during the fourth quarter. Ameriprise Financial Inc. now owns 102,377 shares of the company's stock worth $963,000 after acquiring an additional 14,689 shares during the last quarter. 31.78% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Separately, Maxim Group set a $21.00 price target on shares of Caledonia Mining and gave the stock a "buy" rating in a report on Wednesday.

Caledonia Mining Stock Down 1.4%

Shares of NYSEAMERICAN:CMCL traded down $0.20 during mid-day trading on Wednesday, hitting $14.07. 108,121 shares of the company traded hands, compared to its average volume of 82,089. The stock has a market cap of $270.43 million, a P/E ratio of 29.31 and a beta of 0.68. 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 12-month low of $8.81 and a 12-month high of $16.95. The stock has a 50-day moving average price of $12.47 and a two-hundred day moving average price of $11.81.

Caledonia Mining Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 6th. Stockholders of record on Friday, May 23rd will be issued a $0.14 dividend. This represents a $0.56 annualized dividend and a dividend yield of 3.98%. The ex-dividend date of this dividend is Friday, May 23rd. Caledonia Mining's dividend payout ratio is presently 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.