Coeur Mining, Inc. (NYSE:CDE) Short Interest Down 11.3% in December
Coeur Mining, Inc. (NYSE:CDE – Get Rating) was the target of a significant decline in short interest in December. As of December 15th, there was short interest totalling 12,820,000 shares, a decline of 11.3% from the November 30th total of 14,460,000 shares. Based on an average daily trading volume, of 5,890,000 shares, the days-to-cover ratio is currently 2.2 days.
Coeur Mining Stock Down 4.0 %
CDE opened at $3.36 on Monday. The business has a 50 day moving average price of $3.53 and a two-hundred day moving average price of $3.26. The company has a quick ratio of 1.18, a current ratio of 1.73 and a debt-to-equity ratio of 0.74. The company has a market cap of $943.96 million, a PE ratio of -6.72 and a beta of 1.49. Coeur Mining has a 52 week low of $2.54 and a 52 week high of $5.54.
Coeur Mining (NYSE:CDE – Get Rating) last posted its quarterly earnings data on Wednesday, November 9th. The basic materials company reported ($0.16) EPS for the quarter, missing the consensus estimate of ($0.05) by ($0.11). Coeur Mining had a negative net margin of 17.60% and a negative return on equity of 9.85%. The company had revenue of $182.99 million for the quarter, compared to analysts’ expectations of $207.68 million. As a group, research analysts anticipate that Coeur Mining will post -0.34 EPS for the current year.
Analyst Ratings Changes
Several research analysts recently commented on the company. BMO Capital Markets lowered their target price on Coeur Mining from $3.75 to $3.50 and set a “market perform” rating for the company in a research note on Friday, December 16th. Raymond James boosted their target price on Coeur Mining from $5.00 to $5.25 and gave the stock a “market perform” rating in a research note on Tuesday, September 20th. Cormark lowered their price objective on Coeur Mining to $3.00 in a research report on Wednesday, November 16th. Finally, StockNews.com initiated coverage on Coeur Mining in a research report on Wednesday, October 12th. They set a “sell” rating for the company. One investment analyst has rated the stock with a sell rating and five have assigned a hold rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $4.00.
Institutional Investors Weigh In On Coeur Mining
Institutional investors and hedge funds have recently modified their holdings of the company. CWM LLC lifted its stake in shares of Coeur Mining by 17.8% during the 3rd quarter. CWM LLC now owns 17,089 shares of the basic materials company’s stock worth $58,000 after purchasing an additional 2,577 shares during the period. Profund Advisors LLC raised its position in shares of Coeur Mining by 12.3% in the 3rd quarter. Profund Advisors LLC now owns 27,217 shares of the basic materials company’s stock worth $93,000 after buying an additional 2,978 shares during the period. Sprott Inc. raised its position in shares of Coeur Mining by 0.3% in the 1st quarter. Sprott Inc. now owns 951,656 shares of the basic materials company’s stock worth $4,235,000 after buying an additional 2,999 shares during the period. Raymond James & Associates raised its position in shares of Coeur Mining by 6.4% in the 1st quarter. Raymond James & Associates now owns 50,555 shares of the basic materials company’s stock worth $225,000 after buying an additional 3,050 shares during the period. Finally, American International Group Inc. raised its position in shares of Coeur Mining by 2.6% in the 2nd quarter. American International Group Inc. now owns 130,408 shares of the basic materials company’s stock worth $396,000 after buying an additional 3,343 shares during the period. Institutional investors and hedge funds own 64.76% 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 holds 100% interests in the Palmarejo gold and silver mine covering an area of approximately 67,296 net acres located in the State of Chihuahua in Northern Mexico; the Rochester silver and gold mine that covers an area of approximately 43,441net acres situated in northwestern Nevada; the Kensington gold mine comprising 3,972 net acres located to the north of Juneau, Alaska; the Wharf gold mine covering an area of approximately 3,243 net acres situated in the northern Black Hills of western South Dakota; and the Silvertip silver-zinc-lead mine comprising 97,298 net acres located in northern British Columbia, Canada.
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