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

Caledonia Mining Co. Plc (NYSEAMERICAN:CMCL) was the recipient of a large growth in short interest in the month of July. As of July 15th, there was short interest totalling 256,000 shares, a growth of 28.4% from the June 30th total of 199,300 shares. Based on an average trading volume of 80,800 shares, the short-interest ratio is currently 3.2 days.

Caledonia Mining Stock Performance

Shares of NYSEAMERICAN:CMCL opened at $11.75 on Friday. Caledonia Mining has a 52-week low of $8.91 and a 52-week high of $13.55. The firm has a market capitalization of $150.75 million, a price-to-earnings ratio of 19.92 and a beta of 0.69. The company has a debt-to-equity ratio of 0.02, a current ratio of 1.24 and a quick ratio of 0.71.

Caledonia Mining (NYSEAMERICAN:CMCL) last issued its earnings results on Monday, May 13th. The company reported $0.27 EPS for the quarter. Caledonia Mining had a net margin of 1.91% and a return on equity of 7.95%. The company had revenue of $38.53 million for the quarter.

Caledonia Mining Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, July 26th. Investors of record on Friday, July 12th were given a dividend of $0.14 per share. This represents a $0.56 dividend on an annualized basis and a dividend yield of 4.77%. The ex-dividend date was Friday, July 12th. Caledonia Mining’s payout ratio is 800.00%.

Wall Street Analyst Weigh In

Separately, Cantor Fitzgerald upgraded shares of Caledonia Mining from a “hold” rating to a “speculative buy” rating and set a $13.50 price objective for the company in a research report on Monday, April 29th.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of the stock. Russell Investments Group Ltd. boosted its position in shares of Caledonia Mining by 144.7% during the first 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 period. BNP Paribas Financial Markets boosted its holdings in Caledonia Mining by 56.8% during the 1st quarter. BNP Paribas Financial Markets now owns 7,954 shares of the company’s stock valued at $88,000 after acquiring an additional 2,882 shares during the period. SG Americas Securities LLC acquired a new position in Caledonia Mining in the 4th quarter valued at about $124,000. Bank of New York Mellon Corp increased its stake in Caledonia Mining by 11.8% during the second quarter. Bank of New York Mellon Corp now owns 48,073 shares of the company’s stock worth $467,000 after purchasing an additional 5,087 shares during the period. Finally, Empowered Funds LLC lifted its position in shares of Caledonia Mining by 8.1% during the first quarter. Empowered Funds LLC now owns 48,508 shares of the company’s stock worth $537,000 after purchasing an additional 3,642 shares in the last quarter. Hedge funds and other institutional investors own 31.78% of the company’s stock.

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.