Caledonia Mining Co. Plc (NYSEAMERICAN:CMCL) Short Interest Down 6.2% in April

Caledonia Mining Co. Plc (NYSEAMERICAN:CMCL) saw a significant decrease in short interest in April. As of April 15th, there was short interest totalling 164,600 shares, a decrease of 6.2% from the March 31st total of 175,400 shares. Approximately 1.4% of the shares of the stock are sold short. Based on an average daily trading volume, of 40,100 shares, the short-interest ratio is presently 4.1 days.

Institutional Trading of Caledonia Mining

Institutional investors have recently bought and sold shares of the company. Allspring Global Investments Holdings LLC bought a new stake in Caledonia Mining during the third quarter valued at $50,000. Headinvest LLC bought a new position in shares of Caledonia Mining during the 3rd quarter worth about $55,000. SG Americas Securities LLC bought a new position in shares of Caledonia Mining during the 4th quarter worth about $124,000. Barclays PLC boosted its position in shares of Caledonia Mining by 266.2% during the 3rd quarter. Barclays PLC now owns 21,621 shares of the company’s stock worth $214,000 after purchasing an additional 15,717 shares in the last quarter. Finally, Hsbc Holdings PLC bought a new position in shares of Caledonia Mining during the 3rd quarter worth about $237,000. Institutional investors own 31.78% of the company’s stock.

Caledonia Mining Stock Performance

NYSEAMERICAN CMCL opened at $10.25 on Tuesday. The firm has a market capitalization of $131.51 million, a P/E ratio of 333.33 and a beta of 0.68. Caledonia Mining has a twelve month low of $8.91 and a twelve month high of $15.14. The company has a debt-to-equity ratio of 0.02, a current ratio of 1.35 and a quick ratio of 0.85.

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 positive return on equity of 4.06% and a negative net margin of 2.87%.

Caledonia Mining Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, April 26th. Shareholders of record on Friday, April 12th were given a dividend of $0.14 per share. The ex-dividend date of this dividend was Thursday, April 11th. This represents a $0.56 dividend on an annualized basis and a yield of 5.46%. Caledonia Mining’s dividend payout ratio (DPR) is currently -164.70%.

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 report on Monday.

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.