Short Interest in Caledonia Mining Co. Plc (NYSEAMERICAN:CMCL) Drops By 6.2%

Caledonia Mining Co. Plc (NYSEAMERICAN:CMCL) was the recipient of a large decline in short interest in the month of April. As of April 15th, there was short interest totalling 164,600 shares, a decline of 6.2% from the March 31st total of 175,400 shares. Currently, 1.4% of the shares of the company are sold short. Based on an average daily volume of 40,100 shares, the short-interest ratio is currently 4.1 days.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Significant Wealth Partners LLC acquired a new position in Caledonia Mining during the fourth quarter worth about $1,611,000. Hsbc Holdings PLC bought a new position in shares of Caledonia Mining during the 3rd quarter valued at about $237,000. International Assets Investment Management LLC acquired a new position in shares of Caledonia Mining in the 4th quarter worth approximately $5,510,000. Exchange Traded Concepts LLC bought a new stake in shares of Caledonia Mining in the 3rd quarter worth approximately $342,000. Finally, SG Americas Securities LLC acquired a new stake in Caledonia Mining during the fourth quarter valued at approximately $124,000. 31.78% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Separately, Cantor Fitzgerald upgraded Caledonia Mining from a “hold” rating to a “speculative buy” rating and set a $13.50 price objective for the company in a research report on Monday.

Caledonia Mining Trading Up 2.4 %

Shares of CMCL stock opened at $10.05 on Thursday. The firm has a market cap of $128.94 million, a price-to-earnings ratio of 327.00 and a beta of 0.72. The company has a quick ratio of 0.85, a current ratio of 1.35 and a debt-to-equity ratio of 0.02. Caledonia Mining has a 1 year low of $8.91 and a 1 year high of $15.14.

Caledonia Mining (NYSEAMERICAN:CMCL) last posted its quarterly earnings data on Thursday, March 28th. The company reported $0.02 earnings per share for the quarter. The business had revenue of $38.66 million during the quarter. Caledonia Mining had a negative net margin of 2.87% and a positive return on equity of 4.06%.

Caledonia Mining Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, April 26th. Stockholders of record on Friday, April 12th were paid a $0.14 dividend. This represents a $0.56 dividend on an annualized basis and a dividend yield of 5.57%. The ex-dividend date was Thursday, April 11th. Caledonia Mining’s dividend payout ratio is currently -164.70%.

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.