Caledonia Mining Co. Plc (NYSEAMERICAN:CMCL) Short Interest Down 12.5% in October

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 trading volume of 85,200 shares, the short-interest ratio is currently 2.0 days.

Institutional Trading of Caledonia Mining

Hedge funds have recently made changes to their positions in the stock. BNP Paribas Financial Markets boosted its stake in shares of 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 buying an additional 2,882 shares during the period. Empowered Funds LLC boosted its position 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 buying an additional 3,642 shares in the last quarter. Russell Investments Group Ltd. boosted its position in Caledonia Mining by 144.7% in the first 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 in the last quarter. Bank of New York Mellon Corp raised its stake in shares of Caledonia Mining by 11.8% in the second quarter. Bank of New York Mellon Corp now owns 48,073 shares of the company’s stock worth $467,000 after acquiring an additional 5,087 shares during the last quarter. Finally, Van ECK Associates Corp raised its stake in shares of Caledonia Mining by 7.9% in the second quarter. Van ECK Associates Corp now owns 732,352 shares of the company’s stock worth $7,118,000 after acquiring an additional 53,678 shares during the last quarter. Institutional investors own 31.78% of the company’s stock.

Caledonia Mining Stock Down 0.4 %

Caledonia Mining stock traded down $0.04 during trading hours on Monday, hitting $11.11. The stock had a trading volume of 120,277 shares, 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. Caledonia Mining has a 1-year low of $8.91 and a 1-year high of $16.95. The firm has a market capitalization of $142.54 million, a price-to-earnings ratio of 23.15 and a beta of 0.72.

Caledonia Mining Announces Dividend

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

Caledonia Mining Company Profile

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.