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

Caledonia Mining Co. Plc (NYSEAMERICAN:CMCL) saw a large decline in short interest in May. As of May 31st, there was short interest totalling 259,600 shares, a decline of 31.5% from the May 15th total of 379,100 shares. Based on an average daily trading volume, of 130,500 shares, the short-interest ratio is currently 2.0 days. Currently, 1.4% of the shares of the stock are short sold.

Institutional Trading of Caledonia Mining

Several hedge funds have recently made changes to their positions in the company. Bank of America Corp DE grew its stake in Caledonia Mining by 6.7% during the fourth quarter. Bank of America Corp DE now owns 27,458 shares of the company’s stock valued at $258,000 after acquiring an additional 1,724 shares in the last quarter. Wells Fargo & Company MN increased its position in shares of Caledonia Mining by 27.9% during the 4th quarter. Wells Fargo & Company MN now owns 9,651 shares of the company’s stock valued at $91,000 after purchasing an additional 2,103 shares during the last quarter. Russell Investments Group Ltd. increased its position in shares of Caledonia Mining by 56.2% during the 1st quarter. Russell Investments Group Ltd. now owns 6,005 shares of the company’s stock valued at $75,000 after purchasing an additional 2,160 shares during the last quarter. Deutsche Bank AG boosted its holdings in Caledonia Mining by 23.8% during the 1st quarter. Deutsche Bank AG now owns 13,639 shares of the company’s stock valued at $170,000 after acquiring an additional 2,620 shares during the period. Finally, Geode Capital Management LLC boosted its holdings in Caledonia Mining by 1.6% during the 4th quarter. Geode Capital Management LLC now owns 202,919 shares of the company’s stock valued at $1,909,000 after acquiring an additional 3,123 shares during the period. 31.78% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Separately, Maxim Group set a $21.00 target price on Caledonia Mining and gave the stock a “buy” rating in a report on Wednesday, May 14th.

Caledonia Mining Stock Down 0.6%

Shares of NYSEAMERICAN:CMCL opened at $19.61 on Tuesday. The stock has a market cap of $376.81 million, a price-to-earnings ratio of 40.84 and a beta of 0.68. The company has a quick ratio of 0.89, a current ratio of 1.44 and a debt-to-equity ratio of 0.04. Caledonia Mining has a 12-month low of $8.81 and a 12-month high of $20.08. The business’s 50 day moving average is $15.38 and its 200 day moving average is $12.57.

Caledonia Mining Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, June 6th. Shareholders of record on Friday, May 23rd were given a $0.14 dividend. This represents a $0.56 annualized dividend and a yield of 2.86%. The ex-dividend date of this dividend was Friday, May 23rd. Caledonia Mining’s dividend payout ratio is 116.67%.

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.