Caledonia Mining Co. Plc (NYSEAMERICAN:CMCL) Short Interest Up 9.6% in August

Caledonia Mining Co. Plc (NYSEAMERICAN:CMCLGet Free Report) saw a large increase in short interest in the month of August. As of August 15th, there was short interest totalling 437,500 shares, an increase of 9.6% from the July 31st total of 399,300 shares. Based on an average trading volume of 95,500 shares, the short-interest ratio is currently 4.6 days. Approximately 4.5% of the company’s stock are sold short.

Caledonia Mining Stock Up 2.0 %

Shares of CMCL traded up $0.21 during mid-day trading on Friday, hitting $10.55. 1,648 shares of the company traded hands, compared to its average volume of 78,218. Caledonia Mining has a 1 year low of $8.75 and a 1 year high of $17.58. The company has a quick ratio of 0.71, a current ratio of 1.21 and a debt-to-equity ratio of 0.03. The stock has a market capitalization of $135.36 million, a price-to-earnings ratio of -34.47 and a beta of 0.76.

Caledonia Mining Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, July 28th. Stockholders of record on Friday, July 14th were given a dividend of $0.14 per share. This represents a $0.56 annualized dividend and a dividend yield of 5.31%. The ex-dividend date of this dividend was Thursday, July 13th. Caledonia Mining’s payout ratio is currently -186.66%.

Analyst Upgrades and Downgrades

Separately, Liberum Capital raised Caledonia Mining from a “hold” rating to a “buy” rating in a report on Thursday, July 6th.

Get Our Latest Stock Analysis on CMCL

Institutional Trading of Caledonia Mining

Large investors have recently added to or reduced their stakes in the business. Advisor Group Holdings Inc. lifted its position in Caledonia Mining by 72.3% during the first quarter. Advisor Group Holdings Inc. now owns 9,053 shares of the company’s stock valued at $138,000 after purchasing an additional 3,800 shares in the last quarter. LSV Asset Management purchased a new position in shares of Caledonia Mining during the 1st quarter valued at about $57,000. Dimensional Fund Advisors LP lifted its position in shares of Caledonia Mining by 48.7% during the 1st quarter. Dimensional Fund Advisors LP now owns 35,331 shares of the company’s stock valued at $537,000 after buying an additional 11,573 shares in the last quarter. Renaissance Technologies LLC increased its holdings in Caledonia Mining by 16.6% in the 1st quarter. Renaissance Technologies LLC now owns 35,565 shares of the company’s stock worth $541,000 after acquiring an additional 5,065 shares in the last quarter. Finally, Goldman Sachs Group Inc. bought a new stake in Caledonia Mining during the 2nd quarter worth approximately $139,000. 20.13% of the stock is currently owned by institutional investors.

About Caledonia Mining

(Get Free Report)

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 64% interest in the Blanket Mine, a gold mine located in Zimbabwe. It also owns 100% interest in the Maligreen project, a brownfield gold exploration project located in the Gweru mining district in the Zimbabwe Midlands; Bilboes, gold deposit located to the north of Bulawayo, Zimbabwe; and Motapa, a gold exploration property located in Southern Zimbabwe.

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