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

Caledonia Mining Co. Plc (NYSEAMERICAN:CMCL) was the recipient of a significant growth in short interest during the month of July. As of July 15th, there was short interest totalling 256,000 shares, a growth of 28.4% from the June 30th total of 199,300 shares. Based on an average daily trading volume, of 80,800 shares, the days-to-cover ratio is currently 3.2 days.

Analysts Set New Price Targets

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

Institutional Investors Weigh In On Caledonia Mining

Several large investors have recently modified their holdings of CMCL. Significant Wealth Partners LLC acquired a new stake in shares of Caledonia Mining during the 4th quarter worth about $1,611,000. International Assets Investment Management LLC acquired a new stake in shares of Caledonia Mining during the fourth quarter worth approximately $5,510,000. SG Americas Securities LLC bought a new position in shares of Caledonia Mining in the fourth quarter valued at approximately $124,000. Van ECK Associates Corp boosted its holdings in shares of Caledonia Mining by 4.1% in the 1st quarter. Van ECK Associates Corp now owns 678,674 shares of the company’s stock worth $7,513,000 after acquiring an additional 26,946 shares in the last quarter. Finally, Empowered Funds LLC grew its position in Caledonia Mining by 8.1% during the 1st quarter. Empowered Funds LLC now owns 48,508 shares of the company’s stock worth $537,000 after acquiring an additional 3,642 shares during the last quarter. 31.78% of the stock is currently owned by institutional investors.

Caledonia Mining Stock Performance

NYSEAMERICAN:CMCL opened at $11.75 on Friday. The stock has a market cap of $150.75 million, a PE ratio of 19.92 and a beta of 0.69. The company has a current ratio of 1.24, a quick ratio of 0.71 and a debt-to-equity ratio of 0.02. Caledonia Mining has a 52-week low of $8.91 and a 52-week high of $13.55.

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

Caledonia Mining Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, July 26th. Shareholders of record on Friday, July 12th were paid a dividend of $0.14 per share. This represents a $0.56 dividend on an annualized basis and a yield of 4.77%. The ex-dividend date was Friday, July 12th. Caledonia Mining’s dividend payout ratio is 800.00%.

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.