Dynamic Technology Lab Private Ltd Makes New Investment in Caledonia Mining Corporation PLC $CMCL

Dynamic Technology Lab Private Ltd bought a new stake in Caledonia Mining Corporation PLC (NYSEAMERICAN:CMCL) in the second quarter, HoldingsChannel reports. The institutional investor bought 10,261 shares of the company’s stock, valued at approximately $198,000.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. American Century Companies Inc. increased its holdings in shares of Caledonia Mining by 5.7% in the 1st quarter. American Century Companies Inc. now owns 367,897 shares of the company’s stock valued at $4,595,000 after purchasing an additional 19,916 shares in the last quarter. Geode Capital Management LLC grew its position in Caledonia Mining by 1.2% during the second quarter. Geode Capital Management LLC now owns 205,326 shares of the company’s stock worth $3,967,000 after buying an additional 2,463 shares during the period. Empowered Funds LLC increased its holdings in Caledonia Mining by 7.6% in the first quarter. Empowered Funds LLC now owns 95,454 shares of the company’s stock valued at $1,192,000 after buying an additional 6,770 shares in the last quarter. GSA Capital Partners LLP acquired a new stake in shares of Caledonia Mining during the 1st quarter valued at approximately $660,000. Finally, Rhumbline Advisers lifted 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 valued at $480,000 after acquiring an additional 12,869 shares during the period. 31.78% of the stock is owned by institutional investors and hedge funds.

Caledonia Mining Stock Performance

CMCL opened at $30.59 on Thursday. Caledonia Mining Corporation PLC has a 1-year low of $8.81 and a 1-year high of $38.75. The stock has a market cap of $587.94 million, a P/E ratio of 11.86 and a beta of 0.36. The stock’s 50 day simple moving average is $32.03 and its 200 day simple moving average is $25.24. The company has a debt-to-equity ratio of 0.02, a current ratio of 1.78 and a quick ratio of 1.20.

Caledonia Mining Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, December 5th. Shareholders of record on Friday, November 21st will be issued a $0.14 dividend. The ex-dividend date of this dividend is Friday, November 21st. This represents a $0.56 annualized dividend and a yield of 1.8%. Caledonia Mining’s dividend payout ratio 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.