Ameriprise Financial Inc. Buys 14,689 Shares of Caledonia Mining Co. Plc (NYSEAMERICAN:CMCL)

Ameriprise Financial Inc. raised its position in shares of Caledonia Mining Co. Plc (NYSEAMERICAN:CMCL - Free Report) by 16.8% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 102,377 shares of the company's stock after purchasing an additional 14,689 shares during the quarter. Ameriprise Financial Inc. owned 0.53% of Caledonia Mining worth $963,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in CMCL. Northern Trust Corp boosted its stake in shares of Caledonia Mining by 4.9% during the 4th quarter. Northern Trust Corp now owns 100,513 shares of the company's stock valued at $946,000 after buying an additional 4,662 shares during the period. Dimensional Fund Advisors LP boosted its stake in shares of Caledonia Mining by 24.5% during the 4th quarter. Dimensional Fund Advisors LP now owns 313,604 shares of the company's stock valued at $2,951,000 after buying an additional 61,694 shares during the period. Covalis Capital LLP boosted its stake in shares of Caledonia Mining by 53.8% during the 4th quarter. Covalis Capital LLP now owns 20,000 shares of the company's stock valued at $188,000 after buying an additional 6,996 shares during the period. XTX Topco Ltd acquired a new stake in shares of Caledonia Mining during the 4th quarter valued at $97,000. Finally, Martingale Asset Management L P boosted its stake in shares of Caledonia Mining by 18.8% during the 4th quarter. Martingale Asset Management L P now owns 90,395 shares of the company's stock valued at $851,000 after buying an additional 14,332 shares during the period. 31.78% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Separately, Maxim Group set a $21.00 price target on shares of Caledonia Mining and gave the company a "buy" rating in a report on Wednesday, May 14th.

Caledonia Mining Stock Performance

Shares of NYSEAMERICAN:CMCL traded up $1.28 on Thursday, hitting $19.29. 268,001 shares of the company were exchanged, compared to its average volume of 90,479. The company's 50 day moving average price is $14.35 and its two-hundred day moving average price is $12.33. Caledonia Mining Co. Plc has a one year low of $8.81 and a one year high of $19.32. The company has a debt-to-equity ratio of 0.04, a quick ratio of 0.89 and a current ratio of 1.44. The firm has a market capitalization of $370.75 million, a price-to-earnings ratio of 40.19 and a beta of 0.68.

Caledonia Mining Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, June 6th. Shareholders of record on Friday, May 23rd will be given a $0.14 dividend. The ex-dividend date of this dividend is Friday, May 23rd. This represents a $0.56 dividend on an annualized basis and a yield of 2.90%. Caledonia Mining's dividend payout ratio (DPR) 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.