Caledonia Mining Co. Plc (NYSEAMERICAN:CMCL) Short Interest Update

Caledonia Mining Co. Plc (NYSEAMERICAN:CMCL) saw a significant drop in short interest in the month of October. As of October 31st, there was short interest totalling 170,800 shares, a drop 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 Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Van ECK Associates Corp increased its position in Caledonia Mining by 7.9% during the 2nd quarter. Van ECK Associates Corp now owns 732,352 shares of the company’s stock worth $7,118,000 after purchasing an additional 53,678 shares in the last quarter. Goehring & Rozencwajg Associates LLC increased its position in Caledonia Mining by 12.8% during the 2nd quarter. Goehring & Rozencwajg Associates LLC now owns 209,717 shares of the company’s stock worth $2,038,000 after purchasing an additional 23,800 shares in the last quarter. State Street Corp increased its position in Caledonia Mining by 0.6% during the 3rd quarter. State Street Corp now owns 203,534 shares of the company’s stock worth $3,045,000 after purchasing an additional 1,177 shares in the last quarter. Geode Capital Management LLC increased its position in Caledonia Mining by 2.3% during the 3rd quarter. Geode Capital Management LLC now owns 199,796 shares of the company’s stock worth $2,989,000 after purchasing an additional 4,412 shares in the last quarter. Finally, Dimensional Fund Advisors LP increased its position in Caledonia Mining by 14.9% during the 2nd quarter. Dimensional Fund Advisors LP now owns 188,274 shares of the company’s stock worth $1,830,000 after purchasing an additional 24,447 shares in the last quarter. Institutional investors and hedge funds own 31.78% of the company’s stock.

Caledonia Mining Trading Down 0.4 %

Shares of NYSEAMERICAN:CMCL traded down $0.04 during midday trading on Monday, hitting $11.11. 120,277 shares of the stock were exchanged, compared to its average volume of 68,559. The company has a market capitalization of $142.54 million, a PE ratio of 23.15 and a beta of 0.72. The company has a quick ratio of 1.03, a current ratio of 1.44 and a debt-to-equity ratio of 0.04. Caledonia Mining has a twelve month low of $8.91 and a twelve month high of $16.95.

Caledonia Mining Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, December 6th. Stockholders of record on Friday, November 22nd will be paid a dividend of $0.14 per share. This represents a $0.56 annualized dividend and a dividend yield of 5.04%. The ex-dividend date is Friday, November 22nd. Caledonia Mining’s dividend payout ratio (DPR) is presently 116.67%.

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.