Short Interest in Caledonia Mining Co. Plc (NYSEAMERICAN:CMCL) Declines By 12.5%

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

Caledonia Mining Stock Performance

NYSEAMERICAN:CMCL traded down $0.04 during midday trading on Monday, hitting $11.11. 120,277 shares of the company traded hands, compared to its average volume of 68,559. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.03 and a current ratio of 1.44. The firm has a market capitalization of $142.54 million, a PE ratio of 23.15 and a beta of 0.72. Caledonia Mining has a 12-month low of $8.91 and a 12-month high of $16.95.

Caledonia Mining Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 6th. Shareholders of record on Friday, November 22nd will be paid a dividend of $0.14 per share. This represents a $0.56 annualized dividend and a yield of 5.04%. The ex-dividend date is Friday, November 22nd. Caledonia Mining’s dividend payout ratio is presently 116.67%.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the stock. State Street Corp raised its stake in shares of Caledonia Mining by 0.6% during the third quarter. State Street Corp now owns 203,534 shares of the company’s stock worth $3,045,000 after buying an additional 1,177 shares during the last quarter. Russell Investments Group Ltd. grew its position in shares of Caledonia Mining by 144.7% during the 1st quarter. Russell Investments Group Ltd. now owns 2,239 shares of the company’s stock valued at $25,000 after acquiring an additional 1,324 shares during the period. Charles Schwab Investment Management Inc. increased its stake in Caledonia Mining by 7.1% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 40,734 shares of the company’s stock worth $609,000 after acquiring an additional 2,717 shares during the last quarter. 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. Finally, Empowered Funds LLC raised its stake in Caledonia Mining by 8.1% during 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. 31.78% of the stock is 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.