U S Global Investors Inc. Increases Stake in Caledonia Mining Corporation PLC $CMCL

Key Points

• U S Global Investors boosted its stake in Caledonia Mining by 115.7% in Q4 to 217,334 shares, representing about a 1.13% ownership stake valued at roughly $5.69 million.
• Several other institutions (including Marshall Wace, American Century, Invesco and MFS) also increased or initiated positions, and 31.78% of the stock is owned by hedge funds and other institutional investors.
• Caledonia pays a quarterly dividend of $0.14 ($0.56 annual, 2.3% yield) but has a high dividend payout ratio of 116.67%, while the company trades with a market cap of about $475 million and a P/E of 8.66.

U S Global Investors Inc. boosted its position in shares of Caledonia Mining Corporation PLC (NYSEAMERICAN:CMCL - Free Report) by 115.7% during the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 217,334 shares of the company's stock after purchasing an additional 116,580 shares during the quarter. U S Global Investors Inc. owned about 1.13% of Caledonia Mining worth $5,688,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of CMCL. Marshall Wace LLP grew its position in Caledonia Mining by 287.0% during the 2nd quarter. Marshall Wace LLP now owns 164,533 shares of the company's stock valued at $3,179,000 after purchasing an additional 122,022 shares during the last quarter. Massachusetts Financial Services Co. MA purchased a new stake in Caledonia Mining during the 4th quarter valued at about $2,615,000. American Century Companies Inc. grew its position in Caledonia Mining by 20.3% during the 3rd quarter. American Century Companies Inc. now owns 521,477 shares of the company's stock valued at $18,883,000 after purchasing an additional 88,140 shares during the last quarter. Invesco Ltd. grew its position in Caledonia Mining by 346.0% during the 3rd quarter. Invesco Ltd. now owns 109,994 shares of the company's stock valued at $3,983,000 after purchasing an additional 85,334 shares during the last quarter. Finally, Navellier & Associates Inc. purchased a new stake in Caledonia Mining during the 3rd quarter valued at about $2,047,000. 31.78% of the stock is owned by hedge funds and other institutional investors.

Caledonia Mining Stock Performance

Shares of CMCL stock opened at $24.60 on Friday. The company's 50-day moving average is $26.02 and its 200 day moving average is $28.02. The company has a debt-to-equity ratio of 0.02, a quick ratio of 1.25 and a current ratio of 1.69. The company has a market capitalization of $475.03 million, a price-to-earnings ratio of 8.66 and a beta of 0.64. Caledonia Mining Corporation PLC has a one year low of $12.35 and a one year high of $38.75.

Caledonia Mining Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, April 17th. Stockholders of record on Thursday, April 2nd were issued a dividend of $0.14 per share. This represents a $0.56 dividend on an annualized basis and a dividend yield of 2.3%. The ex-dividend date of this dividend was Thursday, April 2nd. Caledonia Mining's dividend payout ratio (DPR) is presently 116.67%.

Caledonia Mining Company Profile

Caledonia Mining Corporation PLC is a UK‐domiciled gold producer listed on the NYSE American under the ticker CMCL and on the London AIM market. The company's flagship asset is the Blanket gold mine, located near Gwanda in southwestern Zimbabwe. Blanket is a conventional underground and surface gold operation that includes a carbon‐in‐leach processing plant and tailings retreatment facilities, providing a structurally diverse resource base and established production infrastructure.

Caledonia acquired the Blanket mine in 2004, adding to its long operating history that traces back to the early 20th century.

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