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

Coeur Mining, Inc. (NYSE:CDE) saw a significant decline in short interest in November. As of November 30th, there was short interest totalling 33,840,000 shares, a decline of 9.8% from the November 15th total of 37,530,000 shares. Based on an average daily volume of 10,110,000 shares, the short-interest ratio is presently 3.3 days.

Analysts Set New Price Targets

A number of research analysts have recently weighed in on CDE shares. Cantor Fitzgerald raised Coeur Mining from a “hold” rating to a “strong-buy” rating in a research report on Thursday, November 7th. Canaccord Genuity Group increased their price objective on shares of Coeur Mining from $7.00 to $7.75 and gave the company a “buy” rating in a report on Tuesday, October 8th. StockNews.com raised shares of Coeur Mining from a “sell” rating to a “hold” rating in a report on Friday, November 8th. BMO Capital Markets boosted their price objective on Coeur Mining from $7.50 to $8.00 and gave the stock an “outperform” rating in a research note on Monday, September 23rd. Finally, Roth Mkm reissued a “buy” rating and issued a $8.50 target price (down previously from $9.00) on shares of Coeur Mining in a research note on Friday, November 8th. Two research analysts have rated the stock with a hold rating, four have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, Coeur Mining currently has an average rating of “Moderate Buy” and an average price target of $7.81.

Hedge Funds Weigh In On Coeur Mining

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. CWM LLC lifted its stake in shares of Coeur Mining by 831.5% during the second quarter. CWM LLC now owns 5,030 shares of the basic materials company’s stock worth $28,000 after buying an additional 4,490 shares during the period. Point72 Asia Singapore Pte. Ltd. acquired a new stake in shares of Coeur Mining in the second quarter valued at about $49,000. Hohimer Wealth Management LLC acquired a new stake in Coeur Mining in the 2nd quarter worth about $57,000. WINTON GROUP Ltd acquired a new stake in shares of Coeur Mining in the second quarter worth approximately $57,000. Finally, CIBC Asset Management Inc acquired a new stake in Coeur Mining during the 2nd quarter worth $59,000. Hedge funds and other institutional investors own 63.01% of the company’s stock.

Coeur Mining Trading Up 0.2 %

Shares of Coeur Mining stock traded up $0.01 on Tuesday, hitting $6.32. 6,495,841 shares of the company traded hands, compared to its average volume of 8,032,272. The company has a current ratio of 1.09, a quick ratio of 0.39 and a debt-to-equity ratio of 0.53. The stock’s 50 day moving average price is $6.58 and its 200-day moving average price is $6.28. The company has a market cap of $2.52 billion, a PE ratio of -210.67 and a beta of 1.60. Coeur Mining has a 52 week low of $2.42 and a 52 week high of $7.72.

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

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.