Caledonia Mining Corporation PLC (NYSEAMERICAN:CMCL) Short Interest Up 74.2% in September

Caledonia Mining Corporation PLC (NYSEAMERICAN:CMCL) was the target of a large growth in short interest in September. As of September 15th, there was short interest totaling 391,300 shares, a growth of 74.2% from the August 31st total of 224,600 shares. Based on an average trading volume of 218,600 shares, the short-interest ratio is presently 1.8 days. Based on an average trading volume of 218,600 shares, the short-interest ratio is presently 1.8 days.

Caledonia Mining Stock Performance

Shares of NYSEAMERICAN CMCL opened at $36.55 on Wednesday. The company has a quick ratio of 1.10, a current ratio of 1.65 and a debt-to-equity ratio of 0.05. The business’s 50 day moving average is $28.28 and its two-hundred day moving average is $20.65. The company has a market cap of $702.49 million, a P/E ratio of 18.94 and a beta of 0.39. Caledonia Mining has a 12 month low of $8.81 and a 12 month high of $38.75.

Caledonia Mining Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 5th. Stockholders of record on Friday, August 22nd were issued a dividend of $0.14 per share. This represents a $0.56 annualized dividend and a dividend yield of 1.5%. The ex-dividend date of this dividend was Friday, August 22nd. Caledonia Mining’s dividend payout ratio (DPR) is presently 116.67%.

Institutional Trading of Caledonia Mining

Institutional investors have recently modified their holdings of the company. American Century Companies Inc. grew its holdings in shares of Caledonia Mining by 5.7% during the 1st quarter. American Century Companies Inc. now owns 367,897 shares of the company’s stock worth $4,595,000 after purchasing an additional 19,916 shares in the last quarter. GAMMA Investing LLC grew its holdings in shares of Caledonia Mining by 2,778.8% during the 1st quarter. GAMMA Investing LLC now owns 3,397 shares of the company’s stock worth $42,000 after purchasing an additional 3,279 shares in the last quarter. GSA Capital Partners LLP acquired a new stake in Caledonia Mining in the 1st quarter valued at $660,000. Rhumbline Advisers boosted its stake in Caledonia Mining by 50.3% in the 1st quarter. Rhumbline Advisers now owns 38,458 shares of the company’s stock valued at $480,000 after buying an additional 12,869 shares in the last quarter. Finally, Deutsche Bank AG boosted its stake in Caledonia Mining by 23.8% in the 1st quarter. Deutsche Bank AG now owns 13,639 shares of the company’s stock valued at $170,000 after buying an additional 2,620 shares in the last quarter. Institutional investors and hedge funds own 31.78% of the company’s stock.

Wall Street Analyst Weigh In

Separately, Maxim Group lifted their price target on Caledonia Mining from $21.00 to $28.00 and gave the stock a “buy” rating in a research report on Thursday, July 17th. One research analyst has rated the stock with a Buy rating, According to data from MarketBeat, Caledonia Mining currently has a consensus rating of “Buy” and an average price target of $28.00.

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.