Caledonia Mining Co. Plc (NYSEAMERICAN:CMCL) Shares Acquired by Renaissance Technologies LLC

Renaissance Technologies LLC boosted its position in Caledonia Mining Co. Plc (NYSEAMERICAN:CMCL - Free Report) by 112.7% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 156,527 shares of the company's stock after purchasing an additional 82,927 shares during the quarter. Renaissance Technologies LLC owned about 0.81% of Caledonia Mining worth $1,473,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Wells Fargo & Company MN lifted its holdings in shares of 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 acquiring an additional 2,103 shares during the period. Geode Capital Management LLC lifted its position in Caledonia Mining by 1.6% during the fourth quarter. Geode Capital Management LLC now owns 202,919 shares of the company's stock valued at $1,909,000 after buying an additional 3,123 shares in the last quarter. Franklin Resources Inc. purchased a new stake in Caledonia Mining during the fourth quarter worth approximately $103,000. JPMorgan Chase & Co. increased its position in shares of Caledonia Mining by 59.3% in the fourth quarter. JPMorgan Chase & Co. now owns 12,031 shares of the company's stock worth $113,000 after acquiring an additional 4,479 shares in the last quarter. Finally, Potentia Wealth purchased a new position in shares of Caledonia Mining in the 4th quarter valued at $190,000. 31.78% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Separately, Maxim Group upgraded Caledonia Mining to a "strong-buy" rating in a report on Friday, January 3rd.

Caledonia Mining Trading Up 2.1 %

CMCL opened at $13.34 on Tuesday. The firm has a market capitalization of $256.39 million, a P/E ratio of 27.79 and a beta of 0.68. The firm's 50 day moving average is $11.71 and its 200-day moving average is $11.65. The company has a quick ratio of 0.89, a current ratio of 1.44 and a debt-to-equity ratio of 0.04. Caledonia Mining Co. Plc has a 52-week low of $8.81 and a 52-week high of $16.95.

Caledonia Mining Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, April 17th. Shareholders of record on Friday, April 4th were given a $0.14 dividend. The ex-dividend date of this dividend was Friday, April 4th. This represents a $0.56 dividend on an annualized basis and a yield of 4.20%. Caledonia Mining's payout ratio is currently 116.67%.

About Caledonia Mining

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.

Want to see what other hedge funds are holding CMCL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Caledonia Mining Co. Plc (NYSEAMERICAN:CMCL - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.