Caledonia Mining Co. Plc (NYSEAMERICAN:CMCL) Short Interest Update

Caledonia Mining Co. Plc (NYSEAMERICAN:CMCL) was the target of a significant drop in short interest during the month of October. As of October 31st, there was short interest totalling 170,800 shares, a drop of 12.5% from the October 15th total of 195,200 shares. Based on an average trading volume of 85,200 shares, the short-interest ratio is presently 2.0 days.

Caledonia Mining Stock Performance

Shares of CMCL traded down $0.04 during mid-day trading on Monday, reaching $11.11. 120,277 shares of the company’s stock were exchanged, compared to its average volume of 68,559. The company has a current ratio of 1.44, a quick ratio of 1.03 and a debt-to-equity ratio of 0.04. The firm has a market cap of $142.54 million, a PE ratio of 23.15 and a beta of 0.72. Caledonia Mining has a 52-week low of $8.91 and a 52-week high of $16.95.

Caledonia Mining Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 6th. Investors of record on Friday, November 22nd will be given a $0.14 dividend. The ex-dividend date is Friday, November 22nd. This represents a $0.56 dividend on an annualized basis and a yield of 5.04%. Caledonia Mining’s dividend payout ratio (DPR) is 116.67%.

Hedge Funds Weigh In On Caledonia Mining

A number of hedge funds and other institutional investors have recently bought and sold shares of CMCL. BNP Paribas Financial Markets grew its position in Caledonia Mining by 56.8% in the 1st quarter. BNP Paribas Financial Markets now owns 7,954 shares of the company’s stock valued at $88,000 after buying an additional 2,882 shares during the last quarter. Empowered Funds LLC grew its position in Caledonia Mining by 8.1% in the 1st quarter. Empowered Funds LLC now owns 48,508 shares of the company’s stock valued at $537,000 after buying an additional 3,642 shares during the last quarter. Russell Investments Group Ltd. grew its position in Caledonia Mining by 144.7% in the 1st quarter. Russell Investments Group Ltd. now owns 2,239 shares of the company’s stock valued at $25,000 after buying an additional 1,324 shares during the last quarter. Bank of New York Mellon Corp grew its position 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 last quarter. Finally, Van ECK Associates Corp grew its position in Caledonia Mining by 7.9% in the 2nd quarter. Van ECK Associates Corp now owns 732,352 shares of the company’s stock valued at $7,118,000 after buying an additional 53,678 shares during the last quarter. 31.78% of the stock is currently owned by hedge funds and other institutional investors.

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.