Short Interest in Coeur Mining, Inc. (NYSE:CDE) Expands By 24.0%

Coeur Mining, Inc. (NYSE:CDE) was the recipient of a large growth in short interest during the month of February. As of February 15th, there was short interest totalling 51,250,000 shares, a growth of 24.0% from the January 31st total of 41,330,000 shares. Based on an average daily trading volume, of 14,010,000 shares, the short-interest ratio is presently 3.7 days.

Analysts Set New Price Targets

Several analysts have commented on CDE shares. Cantor Fitzgerald raised shares of Coeur Mining from a “hold” rating to a “strong-buy” rating in a research report on Thursday, November 7th. Roth Mkm dropped their price objective on Coeur Mining from $8.50 to $8.25 and set a “buy” rating on the stock in a research note on Friday, February 21st. StockNews.com raised Coeur Mining from a “sell” rating to a “hold” rating in a research report on Friday, November 8th. BMO Capital Markets began coverage on Coeur Mining in a research report on Tuesday, February 18th. They set an “outperform” rating and a $9.00 price target on the stock. Finally, Raymond James upgraded Coeur Mining from a “market perform” rating to an “outperform” rating and lowered their price objective for the company from $8.75 to $8.25 in a research note on Friday, February 21st. One investment analyst has rated the stock with a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Buy” and a consensus price target of $8.31.

Coeur Mining Price Performance

Shares of CDE stock traded up $0.03 during trading hours on Friday, reaching $5.53. The stock had a trading volume of 8,742,291 shares, compared to its average volume of 9,953,653. The stock’s fifty day simple moving average is $6.18 and its 200 day simple moving average is $6.38. The firm has a market capitalization of $3.53 billion, a PE ratio of 46.13 and a beta of 1.59. Coeur Mining has a 12 month low of $2.98 and a 12 month high of $7.72. The company has a current ratio of 0.83, a quick ratio of 0.39 and a debt-to-equity ratio of 0.50.

Coeur Mining (NYSE:CDE) last released its quarterly earnings results on Wednesday, February 19th. The basic materials company reported $0.11 earnings per share for the quarter, hitting the consensus estimate of $0.11. Coeur Mining had a net margin of 5.59% and a return on equity of 6.59%. The firm had revenue of $305.40 million for the quarter, compared to analysts’ expectations of $314.32 million. On average, equities research analysts predict that Coeur Mining will post 0.58 EPS for the current year.

Insider Activity

In other Coeur Mining news, CFO Thomas S. Whelan acquired 10,000 shares of the business’s stock in a transaction on Wednesday, February 26th. The shares were acquired at an average price of $5.25 per share, with a total value of $52,500.00. Following the completion of the transaction, the chief financial officer now owns 668,450 shares in the company, valued at approximately $3,509,362.50. This trade represents a 1.52 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through this link. 1.56% of the stock is currently owned by corporate insiders.

Institutional Trading of Coeur Mining

A number of large investors have recently modified their holdings of the business. Vanguard Group Inc. lifted its position in Coeur Mining by 8.5% during the fourth quarter. Vanguard Group Inc. now owns 40,700,218 shares of the basic materials company’s stock valued at $232,805,000 after purchasing an additional 3,178,785 shares during the last quarter. Dimensional Fund Advisors LP lifted its holdings in shares of Coeur Mining by 1.7% during the 4th quarter. Dimensional Fund Advisors LP now owns 17,157,325 shares of the basic materials company’s stock worth $98,137,000 after acquiring an additional 282,885 shares during the last quarter. Tidal Investments LLC grew its position in Coeur Mining by 11.1% in the fourth quarter. Tidal Investments LLC now owns 13,343,775 shares of the basic materials company’s stock worth $76,326,000 after acquiring an additional 1,332,684 shares in the last quarter. Geode Capital Management LLC increased its stake in Coeur Mining by 1.0% in the third quarter. Geode Capital Management LLC now owns 9,146,107 shares of the basic materials company’s stock valued at $62,937,000 after acquiring an additional 89,863 shares during the last quarter. Finally, Two Sigma Investments LP raised its position in Coeur Mining by 57.8% during the fourth quarter. Two Sigma Investments LP now owns 7,210,595 shares of the basic materials company’s stock valued at $41,245,000 after purchasing an additional 2,641,310 shares in the last quarter. Institutional investors own 63.01% of the company’s stock.

About Coeur Mining

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.