Caledonia Mining Co. Plc (NYSEAMERICAN:CMCL) Shares Acquired by Martingale Asset Management L P

Martingale Asset Management L P boosted its holdings in Caledonia Mining Co. Plc (NYSEAMERICAN:CMCL) by 18.8% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 90,395 shares of the company’s stock after purchasing an additional 14,332 shares during the quarter. Martingale Asset Management L P owned about 0.47% of Caledonia Mining worth $851,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. Wells Fargo & Company MN boosted its stake in Caledonia Mining by 27.9% during the 4th quarter. Wells Fargo & Company MN now owns 9,651 shares of the company’s stock worth $91,000 after purchasing an additional 2,103 shares during the period. Franklin Resources Inc. purchased a new position in shares of Caledonia Mining during the fourth quarter worth about $103,000. JPMorgan Chase & Co. increased its position in Caledonia Mining by 59.3% in the 4th quarter. JPMorgan Chase & Co. now owns 12,031 shares of the company’s stock valued at $113,000 after acquiring an additional 4,479 shares during the period. Summit Global Investments purchased a new stake in Caledonia Mining during the 4th quarter valued at approximately $148,000. Finally, Potentia Wealth acquired a new stake in Caledonia Mining during the 4th quarter worth approximately $190,000. 31.78% of the stock is currently owned by hedge funds and other institutional investors.

Caledonia Mining Trading Up 4.4 %

NYSEAMERICAN:CMCL opened at $12.87 on Friday. The stock has a market capitalization of $247.36 million, a price-to-earnings ratio of 26.81 and a beta of 0.68. Caledonia Mining Co. Plc has a 1 year low of $8.81 and a 1 year high of $16.95. The stock has a fifty day moving average price of $10.90 and a two-hundred day moving average price of $11.48. The company has a debt-to-equity ratio of 0.04, a quick ratio of 0.89 and a current ratio of 1.44.

Caledonia Mining Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, April 17th. Investors of record on Friday, April 4th will be issued a $0.14 dividend. This represents a $0.56 dividend on an annualized basis and a dividend yield of 4.35%. The ex-dividend date is Friday, April 4th. Caledonia Mining’s dividend payout ratio is currently 116.67%.

Analysts Set New Price Targets

Separately, Maxim Group upgraded shares of Caledonia Mining to a “strong-buy” rating in a research report on Friday, January 3rd.

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.