Short Interest in Caledonia Mining Co. Plc (NYSEAMERICAN:CMCL) Rises By 10.1%

Caledonia Mining Co. Plc (NYSEAMERICAN:CMCL) was the target of a large increase in short interest during the month of May. As of May 31st, there was short interest totalling 194,700 shares, an increase of 10.1% from the May 15th total of 176,900 shares. Based on an average daily volume of 49,300 shares, the short-interest ratio is presently 3.9 days.

Caledonia Mining Trading Up 0.9 %

CMCL traded up $0.09 on Tuesday, hitting $10.33. The company had a trading volume of 34,343 shares, compared to its average volume of 47,015. The firm has a market cap of $132.53 million, a P/E ratio of 146.29 and a beta of 0.73. Caledonia Mining has a 12-month low of $8.91 and a 12-month high of $13.95. The company has a current ratio of 1.24, a quick ratio of 0.71 and a debt-to-equity ratio of 0.02.

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

Caledonia Mining Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, April 26th. Stockholders of record on Friday, April 12th were paid a dividend of $0.14 per share. This represents a $0.56 annualized dividend and a dividend yield of 5.42%. The ex-dividend date was Thursday, April 11th. Caledonia Mining’s payout ratio is currently 800.00%.

Institutional Trading of Caledonia Mining

Hedge funds have recently bought and sold shares of the business. Significant Wealth Partners LLC acquired a new stake in shares of Caledonia Mining during the 4th quarter worth approximately $1,611,000. Hsbc Holdings PLC acquired a new stake in shares of Caledonia Mining during the 3rd quarter worth approximately $237,000. International Assets Investment Management LLC acquired a new stake in shares of Caledonia Mining during the 4th quarter worth approximately $5,510,000. SG Americas Securities LLC acquired a new stake in shares of Caledonia Mining during the 4th quarter worth approximately $124,000. Finally, Barclays PLC boosted its position in shares of Caledonia Mining by 266.2% during the 3rd quarter. Barclays PLC now owns 21,621 shares of the company’s stock worth $214,000 after purchasing an additional 15,717 shares during the period. Institutional investors and hedge funds own 31.78% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, Cantor Fitzgerald upgraded Caledonia Mining from a “hold” rating to a “speculative buy” rating and set a $13.50 price target on the stock in a research note on Monday, April 29th.

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.