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

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

Caledonia Mining Trading Down 2.7 %

CMCL traded down $0.28 on Monday, reaching $10.02. The company had a trading volume of 67,659 shares, compared to its average volume of 69,451. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.44 and a quick ratio of 0.89. Caledonia Mining has a 52-week low of $8.91 and a 52-week high of $16.95. The company has a market capitalization of $128.56 million, a P/E ratio of 21.46 and a beta of 0.64.

Caledonia Mining Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, December 6th. Investors of record on Friday, November 22nd were issued a dividend of $0.14 per share. The ex-dividend date was Friday, November 22nd. This represents a $0.56 dividend on an annualized basis and a dividend yield of 5.59%. Caledonia Mining's dividend payout ratio is 116.67%.

Analyst Ratings Changes

Separately, Maxim Group assumed coverage on shares of Caledonia Mining in a report on Monday. They issued a "buy" rating and a $17.00 price target on the stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of CMCL. Bank of New York Mellon Corp increased its holdings in shares of Caledonia Mining by 11.8% in the second quarter. Bank of New York Mellon Corp now owns 48,073 shares of the company's stock worth $467,000 after buying an additional 5,087 shares during the period. Van ECK Associates Corp increased 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 worth $7,118,000 after purchasing an additional 53,678 shares during the period. Rhumbline Advisers lifted its position in Caledonia Mining by 22.5% in the second quarter. Rhumbline Advisers now owns 20,627 shares of the company's stock valued at $200,000 after purchasing an additional 3,795 shares during the last quarter. American Century Companies Inc. boosted its stake in shares of Caledonia Mining by 10.0% during the second quarter. American Century Companies Inc. now owns 102,932 shares of the company's stock valued at $1,000,000 after purchasing an additional 9,318 shares during the period. Finally, Dimensional Fund Advisors LP grew its holdings in shares of Caledonia Mining by 14.9% in the second 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 during the last quarter. 31.78% of the stock is currently owned by institutional investors.

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.