Ritholtz Wealth Management Purchases Shares of 33,579 Caledonia Mining Corporation PLC $CMCL

Ritholtz Wealth Management purchased a new stake in Caledonia Mining Corporation PLC (NYSEAMERICAN:CMCL) during the 2nd quarter, HoldingsChannel reports. The fund purchased 33,579 shares of the company’s stock, valued at approximately $649,000.

Other large investors also recently modified their holdings of the company. GAMMA Investing LLC raised its holdings in shares of Caledonia Mining by 2,778.8% during the 1st quarter. GAMMA Investing LLC now owns 3,397 shares of the company’s stock valued at $42,000 after buying an additional 3,279 shares in the last quarter. Russell Investments Group Ltd. raised its holdings in shares of Caledonia Mining by 56.2% during the 1st quarter. Russell Investments Group Ltd. now owns 6,005 shares of the company’s stock valued at $75,000 after buying an additional 2,160 shares in the last quarter. Mackenzie Financial Corp purchased a new position in shares of Caledonia Mining during the 1st quarter valued at about $162,000. Deutsche Bank AG raised its holdings in shares of Caledonia Mining by 23.8% during the 1st quarter. Deutsche Bank AG now owns 13,639 shares of the company’s stock valued at $170,000 after buying an additional 2,620 shares in the last quarter. Finally, Bailard Inc. purchased a new position in shares of Caledonia Mining during the 1st quarter valued at about $313,000. 31.78% of the stock is owned by hedge funds and other institutional investors.

Caledonia Mining Price Performance

Shares of Caledonia Mining stock opened at $34.09 on Friday. The company has a debt-to-equity ratio of 0.05, a current ratio of 1.65 and a quick ratio of 1.10. The business’s 50 day simple moving average is $30.65 and its two-hundred day simple moving average is $22.00. The stock has a market capitalization of $655.21 million, a P/E ratio of 17.66 and a beta of 0.39. Caledonia Mining Corporation PLC has a one year low of $8.81 and a one year high of $38.75.

Caledonia Mining Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, September 5th. Shareholders of record on Friday, August 22nd were paid a $0.14 dividend. This represents a $0.56 dividend on an annualized basis and a yield of 1.6%. The ex-dividend date of this dividend was Friday, August 22nd. Caledonia Mining’s payout ratio is 116.67%.

Analyst Upgrades and Downgrades

Separately, Maxim Group raised their price objective on Caledonia Mining from $21.00 to $28.00 and gave the company a “buy” rating in a report on Thursday, July 17th. One investment analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, the stock presently has an average rating of “Buy” and an average target price of $28.00.

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.