Bailard Inc. Makes New $313,000 Investment in Caledonia Mining Corporation PLC (NYSEAMERICAN:CMCL)

Bailard Inc. purchased a new stake in shares of Caledonia Mining Corporation PLC (NYSEAMERICAN:CMCL - Free Report) during the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund purchased 25,025 shares of the company's stock, valued at approximately $313,000. Bailard Inc. owned 0.13% of Caledonia Mining as of its most recent filing with the SEC.

Several other institutional investors have also recently made changes to their positions in CMCL. Goehring & Rozencwajg Associates LLC boosted its stake in Caledonia Mining by 2.6% during the first quarter. Goehring & Rozencwajg Associates LLC now owns 232,034 shares of the company's stock worth $2,692,000 after buying an additional 5,813 shares during the period. Rhumbline Advisers boosted its position in shares of Caledonia Mining by 50.3% during the 1st quarter. Rhumbline Advisers now owns 38,458 shares of the company's stock worth $480,000 after purchasing an additional 12,869 shares during the period. GAMMA Investing LLC increased its holdings in Caledonia Mining by 2,778.8% in the 1st quarter. GAMMA Investing LLC now owns 3,397 shares of the company's stock valued at $42,000 after purchasing an additional 3,279 shares during the last quarter. Public Employees Retirement System of Ohio purchased a new stake in Caledonia Mining in the fourth quarter valued at approximately $61,000. Finally, Millennium Management LLC lifted its stake in Caledonia Mining by 78.6% during the fourth quarter. Millennium Management LLC now owns 22,507 shares of the company's stock worth $212,000 after purchasing an additional 9,902 shares in the last quarter. Hedge funds and other institutional investors own 31.78% of the company's stock.

Wall Street Analyst Weigh In

Separately, Maxim Group upped their price objective on Caledonia Mining from $21.00 to $28.00 and gave the stock a "buy" rating in a research report on Thursday, July 17th.

Caledonia Mining Stock Performance

CMCL traded down $1.95 during trading on Thursday, reaching $21.80. The company's stock had a trading volume of 276,200 shares, compared to its average volume of 153,448. The company has a debt-to-equity ratio of 0.05, a quick ratio of 0.96 and a current ratio of 1.48. The company's fifty day moving average price is $19.36 and its 200-day moving average price is $13.61. Caledonia Mining Corporation PLC has a 52-week low of $8.81 and a 52-week high of $24.49. The company has a market capitalization of $419.00 million, a price-to-earnings ratio of 16.77 and a beta of 0.32.

Caledonia Mining Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, June 6th. Investors of record on Friday, May 23rd were paid a $0.14 dividend. This represents a $0.56 annualized dividend and a dividend yield of 2.57%. The ex-dividend date of this dividend was Friday, May 23rd. Caledonia Mining's dividend payout ratio (DPR) is 116.67%.

Caledonia Mining Company 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.