American Century Companies Inc. Purchases 19,916 Shares of Caledonia Mining Corporation PLC $CMCL

Key Points

• American Century Companies Inc. increased its stake in Caledonia Mining by 5.7%, owning 367,897 shares valued at $4.6 million.
• The company announced a quarterly dividend of $0.14 per share, with a dividend yield of 2.2% and a payout ratio of 116.67%.
• Maxim Group raised its price target for Caledonia Mining from $21.00 to $28.00, maintaining a "buy" rating on the stock.

American Century Companies Inc. increased its stake in shares of Caledonia Mining Corporation PLC (NYSEAMERICAN:CMCL - Free Report) by 5.7% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 367,897 shares of the company's stock after purchasing an additional 19,916 shares during the period. American Century Companies Inc. owned 1.91% of Caledonia Mining worth $4,595,000 as of its most recent SEC filing.

Other institutional investors have also recently modified their holdings of the company. Ameriprise Financial Inc. raised its position in shares of Caledonia Mining by 16.8% during the 4th quarter. Ameriprise Financial Inc. now owns 102,377 shares of the company's stock worth $963,000 after purchasing an additional 14,689 shares during the last quarter. GAMMA Investing LLC raised its position in shares of Caledonia Mining by 2,778.8% during the 1st quarter. GAMMA Investing LLC now owns 3,397 shares of the company's stock worth $42,000 after purchasing an additional 3,279 shares during the last quarter. GSA Capital Partners LLP acquired a new position in shares of Caledonia Mining during the 1st quarter worth approximately $660,000. Rhumbline Advisers raised 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 last quarter. Finally, Dimensional Fund Advisors LP raised its position 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 worth $2,951,000 after purchasing an additional 61,694 shares during the last quarter. 31.78% of the stock is currently owned by institutional investors and hedge funds.

Caledonia Mining Stock Performance

Shares of NYSEAMERICAN:CMCL traded up $0.63 on Thursday, hitting $27.36. 383,436 shares of the company were exchanged, compared to its average volume of 188,884. The company's 50 day moving average price is $22.44 and its two-hundred day moving average price is $16.64. Caledonia Mining Corporation PLC has a one year low of $8.81 and a one year high of $27.99. The company has a debt-to-equity ratio of 0.05, a quick ratio of 1.10 and a current ratio of 1.65. The firm has a market capitalization of $525.86 million, a price-to-earnings ratio of 14.18 and a beta of 0.35.

Caledonia Mining Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, September 5th. Stockholders of record on Friday, August 22nd will be given a dividend of $0.14 per share. This represents a $0.56 dividend on an annualized basis and a dividend yield of 2.0%. The ex-dividend date is Friday, August 22nd. Caledonia Mining's dividend payout ratio is presently 116.67%.

Wall Street Analyst Weigh In

Separately, Maxim Group boosted their price target on Caledonia Mining from $21.00 to $28.00 and gave the company a "buy" rating in a report on Thursday, July 17th. One equities research analyst has rated the stock with a Buy rating, According to data from MarketBeat, Caledonia Mining currently has an average rating of "Buy" and an average price target of $28.00.

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.