Van ECK Associates Corp Decreases Holdings in Caledonia Mining Co. Plc (NYSEAMERICAN:CMCL)

Van ECK Associates Corp lessened its stake in shares of Caledonia Mining Co. Plc (NYSEAMERICAN:CMCL - Free Report) by 8.5% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 636,496 shares of the company's stock after selling 59,011 shares during the quarter. Van ECK Associates Corp owned approximately 3.31% of Caledonia Mining worth $5,989,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of the business. Charles Schwab Investment Management Inc. increased its position in shares of Caledonia Mining by 7.1% during the third quarter. Charles Schwab Investment Management Inc. now owns 40,734 shares of the company's stock valued at $609,000 after buying an additional 2,717 shares during the period. International Assets Investment Management LLC purchased a new position in shares of Caledonia Mining during the 3rd quarter worth approximately $5,600,000. Barclays PLC raised its position in shares of Caledonia Mining by 62.0% in the 3rd quarter. Barclays PLC now owns 39,892 shares of the company's stock worth $596,000 after acquiring an additional 15,269 shares in the last quarter. Segall Bryant & Hamill LLC purchased a new position in shares of Caledonia Mining in the 3rd quarter valued at approximately $2,759,000. Finally, Geode Capital Management LLC boosted its position in shares of Caledonia Mining by 2.3% during the third quarter. Geode Capital Management LLC now owns 199,796 shares of the company's stock valued at $2,989,000 after purchasing an additional 4,412 shares in the last quarter. Hedge funds and other institutional investors own 31.78% of the company's stock.

Caledonia Mining Trading Up 1.2 %

Shares of Caledonia Mining stock traded up $0.13 on Thursday, hitting $10.70. 19,566 shares of the company's stock were exchanged, compared to its average volume of 46,743. Caledonia Mining Co. Plc has a 1 year low of $8.81 and a 1 year high of $16.95. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.44 and a quick ratio of 0.89. The stock has a market capitalization of $205.56 million, a PE ratio of 22.28 and a beta of 0.68.

Wall Street Analysts Forecast Growth

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

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.