Caledonia Mining Co. Plc (NYSEAMERICAN:CMCL) Short Interest Down 7.9% in November

Caledonia Mining Co. Plc (NYSEAMERICAN:CMCL) was the recipient of a large decrease in short interest during the month of November. As of November 30th, there was short interest totalling 155,000 shares, a decrease of 7.9% from the November 15th total of 168,300 shares. Based on an average trading volume of 90,600 shares, the days-to-cover ratio is currently 1.7 days.

Wall Street Analysts Forecast Growth

Separately, Maxim Group assumed coverage on Caledonia Mining in a research report on Monday. They issued a “buy” rating and a $17.00 price objective for the company.

Caledonia Mining Stock Down 1.2 %

Caledonia Mining stock traded down $0.12 during mid-day trading on Monday, reaching $10.18. The company’s stock had a trading volume of 20,120 shares, compared to its average volume of 69,251. The company has a current ratio of 1.44, a quick ratio of 0.89 and a debt-to-equity ratio of 0.04. Caledonia Mining has a 12 month low of $8.91 and a 12 month high of $16.95. The company has a market cap of $130.61 million, a P/E ratio of 21.46 and a beta of 0.64.

Caledonia Mining Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, December 6th. Shareholders of record on Friday, November 22nd were given a dividend of $0.14 per share. This represents a $0.56 annualized dividend and a yield of 5.50%. The ex-dividend date of this dividend was Friday, November 22nd. Caledonia Mining’s dividend payout ratio (DPR) is currently 116.67%.

Hedge Funds Weigh In On Caledonia Mining

A number of institutional investors have recently bought and sold shares of the business. Segall Bryant & Hamill LLC acquired a new stake in Caledonia Mining during the third quarter worth approximately $2,759,000. Renaissance Technologies LLC acquired a new stake in Caledonia Mining during the 2nd quarter worth approximately $656,000. Van ECK Associates Corp boosted its stake in Caledonia Mining by 7.9% in the 2nd quarter. Van ECK Associates Corp now owns 732,352 shares of the company’s stock valued at $7,118,000 after purchasing an additional 53,678 shares during the period. Martingale Asset Management L P grew its holdings in Caledonia Mining by 164.5% in the 3rd quarter. Martingale Asset Management L P now owns 76,063 shares of the company’s stock valued at $1,138,000 after buying an additional 47,307 shares in the last quarter. Finally, Marshall Wace LLP bought a new position in Caledonia Mining during the 2nd quarter worth $384,000. Institutional investors and hedge funds own 31.78% of the company’s stock.

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.