Caledonia Mining Co. Plc (NYSEAMERICAN:CMCL) Sees Significant Growth in Short Interest

Caledonia Mining Co. Plc (NYSEAMERICAN:CMCL - Get Free Report) was the target of a significant growth in short interest in the month of January. As of January 15th, there was short interest totalling 234,800 shares, a growth of 25.5% from the December 31st total of 187,100 shares. Based on an average daily trading volume, of 75,700 shares, the short-interest ratio is presently 3.1 days.

Analysts Set New Price Targets

Separately, Maxim Group upgraded shares of Caledonia Mining to a "strong-buy" rating in a research note on Friday, January 3rd.

Caledonia Mining Stock Up 1.1 %

CMCL traded up $0.11 during midday trading on Wednesday, hitting $9.99. The stock had a trading volume of 84,543 shares, compared to its average volume of 48,508. The firm has a market cap of $192.01 million, a P/E ratio of 20.81 and a beta of 0.68. 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 1 year low of $8.81 and a 1 year high of $16.95.

Caledonia Mining (NYSEAMERICAN:CMCL - Get Free Report) last issued its quarterly earnings results on Monday, November 11th. The company reported $0.26 EPS for the quarter. Caledonia Mining had a return on equity of 7.83% and a net margin of 5.55%. The firm had revenue of $46.87 million for the quarter.

Caledonia Mining Announces Dividend

The business also recently declared 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 of this dividend was Friday, November 22nd. This represents a $0.56 annualized dividend and a yield of 5.61%. Caledonia Mining's payout ratio is presently 116.67%.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of CMCL. Marshall Wace LLP acquired a new stake in Caledonia Mining during the second quarter worth about $384,000. Squarepoint Ops LLC purchased a new stake in Caledonia Mining during the 2nd quarter valued at about $314,000. Charles Schwab Investment Management Inc. raised its holdings in Caledonia Mining by 7.1% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 40,734 shares of the company's stock valued at $609,000 after acquiring an additional 2,717 shares during the last quarter. International Assets Investment Management LLC acquired a new position in Caledonia Mining during the third quarter worth $5,600,000. Finally, Dimensional Fund Advisors LP boosted its holdings in Caledonia Mining by 14.9% in the 2nd quarter. Dimensional Fund Advisors LP now owns 188,274 shares of the company's stock valued at $1,830,000 after purchasing an additional 24,447 shares during the last quarter. Institutional investors own 31.78% of the company's stock.

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.