Van ECK Associates Corp lessened its stake in Caledonia Mining Co. Plc (NYSEAMERICAN:CMCL - Free Report) by 5.0% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 695,507 shares of the company's stock after selling 36,845 shares during the quarter. Van ECK Associates Corp owned about 5.42% of Caledonia Mining worth $11,177,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other institutional investors have also recently bought and sold shares of CMCL. Russell Investments Group Ltd. increased its position in Caledonia Mining by 144.7% during the 1st quarter. Russell Investments Group Ltd. now owns 2,239 shares of the company's stock valued at $25,000 after purchasing an additional 1,324 shares during the period. BNP Paribas Financial Markets boosted its holdings in shares of Caledonia Mining by 56.8% in the 1st quarter. BNP Paribas Financial Markets now owns 7,954 shares of the company's stock worth $88,000 after buying an additional 2,882 shares during the last quarter. Rhumbline Advisers boosted its holdings in shares of Caledonia Mining by 22.5% in the 2nd quarter. Rhumbline Advisers now owns 20,627 shares of the company's stock worth $200,000 after buying an additional 3,795 shares during the last quarter. Squarepoint Ops LLC purchased a new stake in Caledonia Mining during the second quarter valued at about $314,000. Finally, International Assets Investment Management LLC bought a new stake in shares of Caledonia Mining during the third quarter valued at about $5,600,000. Institutional investors and hedge funds own 31.78% of the company's stock.
Caledonia Mining Stock Performance
CMCL stock traded up $0.33 on Wednesday, reaching $15.35. The company's stock had a trading volume of 131,209 shares, compared to its average volume of 66,261. Caledonia Mining Co. Plc has a 12-month low of $8.91 and a 12-month high of $16.95. The firm has a market capitalization of $196.94 million, a price-to-earnings ratio of 29.39 and a beta of 0.72. The company has a quick ratio of 1.03, a current ratio of 1.52 and a debt-to-equity ratio of 0.04.
Caledonia Mining (NYSEAMERICAN:CMCL - Get Free Report) last announced its earnings results on Monday, August 12th. The company reported $0.51 earnings per share (EPS) for the quarter. Caledonia Mining had a return on equity of 8.30% and a net margin of 7.07%. The business had revenue of $50.11 million for the quarter.
Caledonia Mining Profile
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Free Report)
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.
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