Caledonia Mining Co. Plc (NYSEAMERICAN:CMCL) Short Interest Down 12.5% in October

Caledonia Mining Co. Plc (NYSEAMERICAN:CMCL) was the recipient of a significant decrease in short interest in October. As of October 31st, there was short interest totalling 170,800 shares, a decrease of 12.5% from the October 15th total of 195,200 shares. Based on an average trading volume of 85,200 shares, the days-to-cover ratio is presently 2.0 days.

Institutional Investors Weigh In On Caledonia Mining

Hedge funds and other institutional investors have recently modified their holdings of the stock. Russell Investments Group Ltd. boosted its position in shares of Caledonia Mining by 144.7% during the first quarter. Russell Investments Group Ltd. now owns 2,239 shares of the company’s stock valued at $25,000 after buying an additional 1,324 shares during the last quarter. BNP Paribas Financial Markets grew its holdings in Caledonia Mining by 56.8% during the 1st quarter. BNP Paribas Financial Markets now owns 7,954 shares of the company’s stock valued at $88,000 after purchasing an additional 2,882 shares during the last quarter. Rhumbline Advisers grew its stake in Caledonia Mining by 22.5% in the 2nd quarter. Rhumbline Advisers now owns 20,627 shares of the company’s stock worth $200,000 after acquiring an additional 3,795 shares in the last quarter. Squarepoint Ops LLC bought a new position in shares of Caledonia Mining during the second quarter valued at approximately $314,000. Finally, Marshall Wace LLP purchased a new position in shares of Caledonia Mining in the second quarter worth $384,000. 31.78% of the stock is currently owned by institutional investors.

Caledonia Mining Trading Down 0.4 %

Shares of CMCL traded down $0.04 during mid-day trading on Monday, reaching $11.11. The company had a trading volume of 120,277 shares, compared to its average volume of 68,559. The company has a market cap of $142.54 million, a P/E ratio of 23.15 and a beta of 0.72. The company has a current ratio of 1.44, a quick ratio of 1.03 and a debt-to-equity ratio of 0.04. Caledonia Mining has a 1-year low of $8.91 and a 1-year high of $16.95.

Caledonia Mining Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 6th. Investors of record on Friday, November 22nd will be paid a $0.14 dividend. This represents a $0.56 dividend on an annualized basis and a yield of 5.04%. The ex-dividend date of this dividend is Friday, November 22nd. 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.