Van ECK Associates Corp Has $11.18 Million Stake in Caledonia Mining Co. Plc (NYSEAMERICAN:CMCL)

Van ECK Associates Corp lowered its stake in shares of Caledonia Mining Co. Plc (NYSEAMERICAN:CMCL) by 5.0% in the third quarter, Holdings Channel.com reports. The firm owned 695,507 shares of the company’s stock after selling 36,845 shares during the period. Van ECK Associates Corp owned about 0.05% of Caledonia Mining worth $11,177,000 as of its most recent SEC filing.

Other hedge funds have also added to or reduced their stakes in the company. Russell Investments Group Ltd. boosted its stake in shares of Caledonia Mining by 144.7% in the 1st quarter. Russell Investments Group Ltd. now owns 2,239 shares of the company’s stock worth $25,000 after buying an additional 1,324 shares during the last quarter. BNP Paribas Financial Markets boosted its stake 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 stake 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 position in shares of Caledonia Mining in the 2nd quarter worth approximately $314,000. Finally, International Assets Investment Management LLC purchased a new position in shares of Caledonia Mining in the 3rd quarter worth approximately $5,600,000. Institutional investors and hedge funds own 31.78% of the company’s stock.

Caledonia Mining Stock Performance

Shares of NYSEAMERICAN CMCL opened at $14.99 on Wednesday. Caledonia Mining Co. Plc has a twelve month low of $8.91 and a twelve month high of $16.95. The company has a market capitalization of $192.32 million, a PE ratio of 29.39 and a beta of 0.72. The company has a current ratio of 1.52, a quick ratio of 1.03 and a debt-to-equity ratio of 0.04.

Caledonia Mining (NYSEAMERICAN:CMCL) last announced its earnings results on Monday, August 12th. The company reported $0.51 earnings per share for the quarter. Caledonia Mining had a return on equity of 8.30% and a net margin of 7.07%. The firm had revenue of $50.11 million for the quarter.

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.