Coeur Mining, Inc. (NYSE:CDE) Sees Large Growth in Short Interest

Coeur Mining, Inc. (NYSE:CDE - Get Free Report) saw a significant increase in short interest in January. As of January 31st, there was short interest totalling 41,330,000 shares, an increase of 7.5% from the January 15th total of 38,440,000 shares. Based on an average daily volume of 11,130,000 shares, the days-to-cover ratio is presently 3.7 days.

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on the company. Cormark upgraded Coeur Mining to a "moderate buy" rating in a research report on Thursday. 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 started coverage on shares of Coeur Mining in a research note on Tuesday. They set an "outperform" rating and a $9.00 price objective for the company. Raymond James raised Coeur Mining from a "market perform" rating to an "outperform" rating and reduced their target price for the company from $8.75 to $8.25 in a research note on Friday. Finally, Roth Mkm dropped their price target on Coeur Mining from $8.50 to $8.25 and set a "buy" rating for the company in a research report on Friday. One research analyst has rated the stock with a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of "Buy" and a consensus price target of $8.31.

Institutional Trading of Coeur Mining

A number of hedge funds have recently added to or reduced their stakes in CDE. Merit Financial Group LLC boosted its position in shares of Coeur Mining by 5.4% in the fourth quarter. Merit Financial Group LLC now owns 31,574 shares of the basic materials company's stock worth $181,000 after acquiring an additional 1,607 shares during the last quarter. State of New Jersey Common Pension Fund D boosted its holdings in shares of Coeur Mining by 0.7% in the 4th quarter. State of New Jersey Common Pension Fund D now owns 315,190 shares of the basic materials company's stock valued at $1,803,000 after purchasing an additional 2,323 shares during the last quarter. Summit Investment Advisors Inc. boosted its holdings in shares of Coeur Mining by 6.8% in the 4th quarter. Summit Investment Advisors Inc. now owns 41,333 shares of the basic materials company's stock valued at $236,000 after purchasing an additional 2,624 shares during the last quarter. Xponance Inc. increased its holdings in shares of Coeur Mining by 10.9% during the 4th quarter. Xponance Inc. now owns 28,712 shares of the basic materials company's stock worth $164,000 after buying an additional 2,811 shares during the last quarter. Finally, GAMMA Investing LLC increased its holdings in shares of Coeur Mining by 139.8% during the 4th quarter. GAMMA Investing LLC now owns 5,761 shares of the basic materials company's stock worth $33,000 after buying an additional 3,359 shares during the last quarter. 63.01% of the stock is owned by institutional investors and hedge funds.

Coeur Mining Trading Down 10.7 %

NYSE CDE traded down $0.66 during mid-day trading on Friday, reaching $5.45. 35,205,116 shares of the stock were exchanged, compared to its average volume of 17,489,305. Coeur Mining has a 1-year low of $2.42 and a 1-year high of $7.72. The business's fifty day simple moving average is $6.33 and its 200 day simple moving average is $6.39. The stock has a market capitalization of $2.17 billion, a PE ratio of 45.38 and a beta of 1.59. The company has a debt-to-equity ratio of 0.53, a quick ratio of 0.39 and a current ratio of 1.09.

Coeur Mining (NYSE:CDE - Get Free Report) last posted its quarterly earnings data on Wednesday, February 19th. The basic materials company reported $0.11 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.11. The business had revenue of $305.40 million for the quarter, compared to analysts' expectations of $314.32 million. Coeur Mining had a return on equity of 6.71% and a net margin of 5.59%. On average, research analysts anticipate that Coeur Mining will post 0.58 earnings per share for the current fiscal 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.