Short Interest in Caledonia Mining Co. Plc (NYSEAMERICAN:CMCL) Drops By 5.4%

Caledonia Mining Co. Plc (NYSEAMERICAN:CMCL) saw a large decline in short interest in June. As of June 15th, there was short interest totalling 184,100 shares, a decline of 5.4% from the May 31st total of 194,700 shares. Based on an average trading volume of 55,700 shares, the days-to-cover ratio is presently 3.3 days.

Analyst Ratings Changes

Separately, Cantor Fitzgerald raised shares of Caledonia Mining from a “hold” rating to a “speculative buy” rating and set a $13.50 target price for the company in a report on Monday, April 29th.

Caledonia Mining Stock Up 4.3 %

Caledonia Mining stock opened at $9.90 on Wednesday. Caledonia Mining has a 52-week low of $8.91 and a 52-week high of $13.55. The firm has a market cap of $127.02 million, a PE ratio of 16.48 and a beta of 0.69. The company has a quick ratio of 0.71, a current ratio of 1.24 and a debt-to-equity ratio of 0.02.

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

Caledonia Mining Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, July 26th. Stockholders of record on Friday, July 12th will be given a dividend of $0.14 per share. The ex-dividend date is Friday, July 12th. This represents a $0.56 annualized dividend and a dividend yield of 5.66%. Caledonia Mining’s payout ratio is 800.00%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of CMCL. Hsbc Holdings PLC acquired a new position in shares of Caledonia Mining during the 3rd quarter valued at about $237,000. Headinvest LLC acquired a new position in Caledonia Mining in the third quarter valued at about $55,000. SG Americas Securities LLC acquired a new position in Caledonia Mining in the fourth quarter valued at about $124,000. International Assets Investment Management LLC acquired a new position in Caledonia Mining in the fourth quarter valued at about $5,510,000. Finally, Significant Wealth Partners LLC acquired a new position in Caledonia Mining in the fourth quarter valued at about $1,611,000. Institutional investors and hedge funds own 31.78% of the company’s stock.

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.