Short Interest in Coeur Mining, Inc. (NYSE:CDE) Expands By 6.4%

Coeur Mining, Inc. (NYSE:CDE - Get Free Report) was the recipient of a large increase in short interest during the month of December. As of December 15th, there was short interest totalling 36,000,000 shares, an increase of 6.4% from the November 30th total of 33,840,000 shares. Based on an average trading volume of 9,920,000 shares, the days-to-cover ratio is currently 3.6 days.

Coeur Mining Trading Up 8.4 %

Shares of CDE traded up $0.48 during trading hours on Thursday, reaching $6.20. 12,823,942 shares of the company traded hands, compared to its average volume of 8,065,218. Coeur Mining has a 12 month low of $2.42 and a 12 month high of $7.72. The company has a market capitalization of $2.48 billion, a price-to-earnings ratio of -206.60 and a beta of 1.60. The company's fifty day moving average price is $6.36 and its two-hundred day moving average price is $6.29. The company has a quick ratio of 0.39, a current ratio of 1.09 and a debt-to-equity ratio of 0.53.

Coeur Mining (NYSE:CDE - Get Free Report) last posted its earnings results on Wednesday, November 6th. The basic materials company reported $0.12 earnings per share for the quarter, topping analysts' consensus estimates of $0.07 by $0.05. Coeur Mining had a positive return on equity of 1.78% and a negative net margin of 0.44%. The firm had revenue of $313.50 million for the quarter, compared to the consensus estimate of $289.19 million. During the same quarter in the prior year, the business earned ($0.05) EPS. The business's revenue for the quarter was up 61.1% on a year-over-year basis. Equities research analysts predict that Coeur Mining will post 0.15 earnings per share for the current fiscal year.

Institutional Trading of Coeur Mining

A number of hedge funds have recently modified their holdings of CDE. Ballentine Partners LLC boosted its holdings in Coeur Mining by 18.3% in the second quarter. Ballentine Partners LLC now owns 14,435 shares of the basic materials company's stock worth $81,000 after acquiring an additional 2,232 shares in the last quarter. CWM LLC raised its position in shares of Coeur Mining by 93.2% in the 3rd quarter. CWM LLC now owns 9,716 shares of the basic materials company's stock worth $67,000 after purchasing an additional 4,686 shares during the last quarter. Vanguard Personalized Indexing Management LLC boosted its stake in Coeur Mining by 59.7% in the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 16,024 shares of the basic materials company's stock worth $90,000 after purchasing an additional 5,993 shares in the last quarter. Arizona State Retirement System grew its position in Coeur Mining by 6.1% during the 2nd quarter. Arizona State Retirement System now owns 111,585 shares of the basic materials company's stock valued at $627,000 after purchasing an additional 6,435 shares during the last quarter. Finally, Point72 Asia Singapore Pte. Ltd. bought a new stake in Coeur Mining during the 2nd quarter valued at about $49,000. Institutional investors own 63.01% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on the company. StockNews.com raised Coeur Mining from a "sell" rating to a "hold" rating in a research note on Friday, November 8th. Roth Mkm reiterated a "buy" rating and set a $8.50 price target (down from $9.00) on shares of Coeur Mining in a report on Friday, November 8th. Canaccord Genuity Group increased their price target on shares of Coeur Mining from $7.00 to $7.75 and gave the company a "buy" rating in a research report on Tuesday, October 8th. Raymond James boosted their price objective 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. Finally, Cantor Fitzgerald upgraded shares of Coeur Mining from a "hold" rating to a "strong-buy" rating in a report on Thursday, November 7th. Two analysts have rated the stock with a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $7.81.

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.