Coeur Mining, Inc. (NYSE:CDE) Short Interest Update

Coeur Mining, Inc. (NYSE:CDE) saw a significant increase in short interest during the month of October. As of October 31st, there was short interest totalling 29,000,000 shares, an increase of 22.4% from the October 15th total of 23,700,000 shares. Based on an average trading volume of 9,420,000 shares, the short-interest ratio is currently 3.1 days.

Coeur Mining Trading Down 1.4 %

Shares of Coeur Mining stock traded down $0.09 during trading on Friday, reaching $6.14. 12,511,997 shares of the company were exchanged, compared to its average volume of 11,339,526. Coeur Mining has a twelve month low of $2.39 and a twelve month high of $7.72. The business has a 50-day moving average price of $6.63 and a 200-day moving average price of $6.08. The company has a quick ratio of 0.39, a current ratio of 1.09 and a debt-to-equity ratio of 0.53. The firm has a market capitalization of $2.45 billion, a price-to-earnings ratio of -204.60 and a beta of 1.65.

Coeur Mining (NYSE:CDE) last announced its quarterly earnings results on Wednesday, November 6th. The basic materials company reported $0.12 EPS for the quarter, beating analysts’ consensus estimates of $0.07 by $0.05. The company had revenue of $313.50 million during the quarter, compared to analysts’ expectations of $289.19 million. Coeur Mining had a positive return on equity of 1.78% and a negative net margin of 0.44%. Coeur Mining’s revenue was up 61.1% on a year-over-year basis. During the same period in the prior year, the business posted ($0.05) EPS. Sell-side analysts anticipate that Coeur Mining will post 0.15 EPS for the current fiscal year.

Wall Street Analyst Weigh In

CDE has been the subject of a number of research reports. StockNews.com raised shares of Coeur Mining from a “sell” rating to a “hold” rating in a report on Friday, November 8th. Roth Mkm restated a “buy” rating and set a $8.50 target price (down previously from $9.00) on shares of Coeur Mining in a research report on Friday, November 8th. BMO Capital Markets raised their price target on Coeur Mining from $7.50 to $8.00 and gave the company an “outperform” rating in a report on Monday, September 23rd. Cantor Fitzgerald raised Coeur Mining from a “hold” rating to a “strong-buy” rating in a report on Thursday, November 7th. Finally, Raymond James upped their target price on shares of Coeur Mining from $6.25 to $7.00 and gave the company a “market perform” rating in a research report on Friday, September 20th. Two research analysts have rated the stock with a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $7.81.

Institutional Investors Weigh In On Coeur Mining

Several large investors have recently bought and sold shares of the company. CWM LLC increased its holdings in shares of Coeur Mining by 831.5% in the second quarter. CWM LLC now owns 5,030 shares of the basic materials company’s stock worth $28,000 after acquiring an additional 4,490 shares in the last quarter. Point72 Asia Singapore Pte. Ltd. bought a new stake in Coeur Mining during the 2nd quarter worth approximately $49,000. Hohimer Wealth Management LLC acquired a new stake in Coeur Mining during the 2nd quarter worth approximately $57,000. WINTON GROUP Ltd bought a new position in Coeur Mining in the second quarter valued at approximately $57,000. Finally, CIBC Asset Management Inc acquired a new position in shares of Coeur Mining in the second quarter valued at approximately $59,000. Institutional investors own 63.01% of the company’s stock.

Coeur Mining Company Profile

Coeur Mining, Inc explores for precious metals in the United States, Canada, and Mexico. The company primarily explores for gold, silver, zinc, and lead properties. It markets and sells its concentrates to third-party customers, smelters, under off-take agreements. The company was formerly known as Coeur d'Alene Mines Corporation and changed its name to Coeur Mining, Inc in May 2013.