Short Interest in Caledonia Mining Co. Plc (NYSEAMERICAN:CMCL) Decreases By 7.9%

Caledonia Mining Co. Plc (NYSEAMERICAN:CMCL) was the recipient of a significant decrease in short interest in November. As of November 30th, there was short interest totalling 155,000 shares, a decrease of 7.9% from the November 15th total of 168,300 shares. Based on an average trading volume of 90,600 shares, the days-to-cover ratio is presently 1.7 days.

Institutional Investors Weigh In On Caledonia Mining

Institutional investors and hedge funds have recently bought and sold shares of the stock. Rhumbline Advisers boosted its position in Caledonia Mining by 22.5% during the second quarter. Rhumbline Advisers now owns 20,627 shares of the company’s stock worth $200,000 after acquiring an additional 3,795 shares during the last quarter. BNP Paribas Financial Markets increased its stake in Caledonia Mining by 358.2% in the third quarter. BNP Paribas Financial Markets now owns 17,500 shares of the company’s stock valued at $262,000 after purchasing an additional 13,681 shares during the last quarter. Squarepoint Ops LLC acquired a new position in Caledonia Mining in the second quarter valued at $314,000. Marshall Wace LLP purchased a new position in Caledonia Mining during the second quarter worth about $384,000. Finally, Bank of New York Mellon Corp grew its holdings in Caledonia Mining by 11.8% in the 2nd quarter. Bank of New York Mellon Corp now owns 48,073 shares of the company’s stock valued at $467,000 after buying an additional 5,087 shares during the period. Hedge funds and other institutional investors own 31.78% of the company’s stock.

Wall Street Analyst Weigh In

Separately, Maxim Group assumed coverage on shares of Caledonia Mining in a report on Monday. They set a “buy” rating and a $17.00 price objective on the stock.

Caledonia Mining Trading Down 0.3 %

Shares of CMCL stock traded down $0.03 during mid-day trading on Tuesday, reaching $9.99. The stock had a trading volume of 14,760 shares, compared to its average volume of 69,221. Caledonia Mining has a 12-month low of $8.91 and a 12-month high of $16.95. The company has a quick ratio of 0.89, a current ratio of 1.44 and a debt-to-equity ratio of 0.04. The stock has a market cap of $128.17 million, a P/E ratio of 20.88 and a beta of 0.64.

Caledonia Mining Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, December 6th. Stockholders of record on Friday, November 22nd were given a $0.14 dividend. The ex-dividend date was Friday, November 22nd. This represents a $0.56 annualized dividend and a dividend yield of 5.61%. Caledonia Mining’s dividend payout ratio is presently 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.