Caledonia Mining Co. Plc (NYSEAMERICAN:CMCL) Sees Significant Decrease in Short Interest

Caledonia Mining Co. Plc (NYSEAMERICAN:CMCL) was the recipient of a significant drop in short interest in the month of August. As of August 31st, there was short interest totalling 151,400 shares, a drop of 14.3% from the August 15th total of 176,700 shares. Based on an average daily trading volume, of 86,200 shares, the short-interest ratio is currently 1.8 days.

Caledonia Mining Price Performance

NYSEAMERICAN CMCL traded down $0.14 during trading hours on Wednesday, hitting $13.38. The company had a trading volume of 10,190 shares, compared to its average volume of 61,130. The firm has a market capitalization of $171.67 million, a PE ratio of 191.14 and a beta of 0.72. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.52 and a quick ratio of 1.03. Caledonia Mining has a fifty-two week low of $8.91 and a fifty-two week high of $14.00.

Caledonia Mining (NYSEAMERICAN:CMCL) last issued its quarterly earnings results on Monday, August 12th. The company reported $0.51 EPS for the quarter. The company had revenue of $50.11 million for the quarter. Caledonia Mining had a return on equity of 8.30% and a net margin of 7.07%.

Caledonia Mining Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, July 26th. Stockholders of record on Friday, July 12th were issued a dividend of $0.14 per share. This represents a $0.56 dividend on an annualized basis and a dividend yield of 4.19%. The ex-dividend date was Friday, July 12th. Caledonia Mining’s dividend payout ratio (DPR) is 800.00%.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the business. Van ECK Associates Corp boosted its position in shares of Caledonia Mining by 7.9% in the 2nd quarter. Van ECK Associates Corp now owns 732,352 shares of the company’s stock valued at $7,118,000 after purchasing an additional 53,678 shares during the period. Goehring & Rozencwajg Associates LLC raised its stake in shares of Caledonia Mining by 12.8% during the 2nd quarter. Goehring & Rozencwajg Associates LLC now owns 209,717 shares of the company’s stock worth $2,038,000 after purchasing an additional 23,800 shares in the last quarter. Dimensional Fund Advisors LP raised its stake in shares of Caledonia Mining by 14.9% during the 2nd quarter. Dimensional Fund Advisors LP now owns 188,274 shares of the company’s stock worth $1,830,000 after purchasing an additional 24,447 shares in the last quarter. American Century Companies Inc. raised its stake in shares of Caledonia Mining by 10.0% during the 2nd quarter. American Century Companies Inc. now owns 102,932 shares of the company’s stock worth $1,000,000 after purchasing an additional 9,318 shares in the last quarter. Finally, Renaissance Technologies LLC bought a new position in shares of Caledonia Mining in the 2nd quarter valued at approximately $656,000. 31.78% of the stock is owned by institutional investors and hedge funds.

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.