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

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

Analysts Set New Price Targets

Separately, Maxim Group set a $21.00 price objective on Caledonia Mining and gave the company a “buy” rating in a research note on Wednesday, May 14th.

Institutional Trading of Caledonia Mining

Several institutional investors have recently made changes to their positions in the business. GAMMA Investing LLC lifted its stake in shares of Caledonia Mining by 2,778.8% in the 1st quarter. GAMMA Investing LLC now owns 3,397 shares of the company’s stock valued at $42,000 after purchasing an additional 3,279 shares during the last quarter. Public Employees Retirement System of Ohio purchased a new position in Caledonia Mining during the 4th quarter worth $61,000. Russell Investments Group Ltd. increased its holdings in Caledonia Mining by 56.2% during the 1st quarter. Russell Investments Group Ltd. now owns 6,005 shares of the company’s stock worth $75,000 after purchasing an additional 2,160 shares during the period. Wells Fargo & Company MN increased its holdings in Caledonia Mining by 27.9% during the 4th quarter. Wells Fargo & Company MN now owns 9,651 shares of the company’s stock worth $91,000 after purchasing an additional 2,103 shares during the period. Finally, XTX Topco Ltd purchased a new position in shares of Caledonia Mining in the 4th quarter valued at $97,000. Hedge funds and other institutional investors own 31.78% of the company’s stock.

Caledonia Mining Stock Down 0.6%

Caledonia Mining stock opened at $19.61 on Tuesday. The stock has a market cap of $376.81 million, a PE ratio of 40.84 and a beta of 0.68. The company has a debt-to-equity ratio of 0.04, a quick ratio of 0.89 and a current ratio of 1.44. Caledonia Mining has a one year low of $8.81 and a one year high of $20.08. The stock has a fifty day moving average of $15.38 and a 200 day moving average of $12.57.

Caledonia Mining Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, June 6th. Investors of record on Friday, May 23rd were given a dividend of $0.14 per share. This represents a $0.56 annualized dividend and a dividend yield of 2.86%. The ex-dividend date was Friday, May 23rd. Caledonia Mining’s dividend payout ratio is currently 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.