Caledonia Mining Co. Plc (NYSEAMERICAN:CMCL) Short Interest Down 27.3% in April

Caledonia Mining Co. Plc (NYSEAMERICAN:CMCLGet Rating) was the target of a large drop in short interest in April. As of April 30th, there was short interest totalling 47,500 shares, a drop of 27.3% from the April 15th total of 65,300 shares. Based on an average trading volume of 41,500 shares, the days-to-cover ratio is presently 1.1 days. Currently, 0.4% of the company’s stock are short sold.

Caledonia Mining stock opened at $12.79 on Friday. The company has a market cap of $164.10 million, a price-to-earnings ratio of 8.20 and a beta of 0.82. Caledonia Mining has a 52 week low of $10.51 and a 52 week high of $18.23.

Caledonia Mining (NYSEAMERICAN:CMCLGet Rating) last released its quarterly earnings results on Thursday, March 17th. The company reported $0.42 EPS for the quarter. Caledonia Mining had a net margin of 15.17% and a return on equity of 16.55%. The firm had revenue of $32.14 million during the quarter.

The company also recently disclosed a quarterly dividend, which was paid on Friday, April 29th. Stockholders of record on Tuesday, April 19th were paid a dividend of $0.14 per share. This represents a $0.56 annualized dividend and a dividend yield of 4.38%. The ex-dividend date was Monday, April 18th. Caledonia Mining’s dividend payout ratio (DPR) is 35.90%.

Several large investors have recently modified their holdings of CMCL. Van ECK Associates Corp raised its stake in shares of Caledonia Mining by 7.4% during the first quarter. Van ECK Associates Corp now owns 549,164 shares of the company’s stock valued at $8,353,000 after acquiring an additional 37,954 shares during the last quarter. Renaissance Technologies LLC bought a new position in shares of Caledonia Mining during the fourth quarter valued at about $356,000. GSA Capital Partners LLP bought a new position in shares of Caledonia Mining during the third quarter valued at about $329,000. Marshall Wace LLP increased its position in shares of Caledonia Mining by 32.5% during the fourth quarter. Marshall Wace LLP now owns 53,257 shares of the company’s stock valued at $620,000 after buying an additional 13,073 shares during the period. Finally, Dimensional Fund Advisors LP increased its position in shares of Caledonia Mining by 48.7% during the first quarter. Dimensional Fund Advisors LP now owns 35,331 shares of the company’s stock valued at $537,000 after buying an additional 11,573 shares during the period. 8.09% of the stock is owned by hedge funds and other institutional investors.

Caledonia Mining Company Profile (Get Rating)

Caledonia Mining Corporation Plc primarily engages in the operation of a gold mine. The company also explores for and develops mineral properties for precious metals. Its primary asset is the Blanket Mine, a gold mine located in Zimbabwe. The company was formerly known as Caledonia Mining Corporation and changed its name to Caledonia Mining Corporation Plc in March 2016.

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