Short Interest in Caledonia Mining Co. Plc (NYSEAMERICAN:CMCL) Declines By 14.3%

Caledonia Mining Co. Plc (NYSEAMERICAN:CMCL) was the recipient of a large drop in short interest during the month of August. As of August 31st, there was short interest totalling 151,400 shares, a drop of 14.3% from the August 15th total of 176,700 shares. Based on an average daily trading volume, of 86,200 shares, the short-interest ratio is presently 1.8 days.

Hedge Funds Weigh In On Caledonia Mining

Institutional investors and hedge funds have recently modified their holdings of the business. Goehring & Rozencwajg Associates LLC lifted its position in Caledonia Mining by 4.9% in the 4th quarter. Goehring & Rozencwajg Associates LLC now owns 170,117 shares of the company’s stock valued at $2,075,000 after acquiring an additional 7,960 shares in the last quarter. Van ECK Associates Corp grew its position in Caledonia Mining by 4.1% in the first quarter. Van ECK Associates Corp now owns 678,674 shares of the company’s stock valued at $7,513,000 after purchasing an additional 26,946 shares in the last quarter. BNP Paribas Financial Markets increased its position in shares of Caledonia Mining by 56.8% in the first 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 last quarter. Empowered Funds LLC grew its stake in Caledonia Mining by 8.1% in the first quarter. Empowered Funds LLC now owns 48,508 shares of the company’s stock valued at $537,000 after purchasing an additional 3,642 shares in the last quarter. Finally, Russell Investments Group Ltd. increased 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 worth $25,000 after purchasing an additional 1,324 shares during the last quarter. 31.78% of the stock is currently owned by institutional investors and hedge funds.

Caledonia Mining Trading Down 1.0 %

Shares of CMCL traded down $0.13 on Wednesday, reaching $13.39. 100,277 shares of the company’s stock were exchanged, compared to its average volume of 61,672. Caledonia Mining has a 12 month low of $8.91 and a 12 month high of $14.00. The company has a market cap of $171.79 million, a price-to-earnings ratio of 191.14 and a beta of 0.72. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.52 and a quick ratio of 1.03.

Caledonia Mining (NYSEAMERICAN:CMCL) last released its quarterly earnings data on Monday, August 12th. The company reported $0.51 EPS for the quarter. The business had revenue of $50.11 million during the quarter. Caledonia Mining had a return on equity of 8.30% and a net margin of 7.07%.

Caledonia Mining Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, July 26th. Shareholders of record on Friday, July 12th were paid a $0.14 dividend. The ex-dividend date of this dividend was Friday, July 12th. This represents a $0.56 dividend on an annualized basis and a yield of 4.18%. Caledonia Mining’s payout ratio is 800.00%.

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.