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

Coeur Mining, Inc. (NYSE:CDE - Get Free Report) was the recipient of a significant growth in short interest in the month of October. As of October 31st, there was short interest totalling 29,000,000 shares, a growth of 22.4% from the October 15th total of 23,700,000 shares. Based on an average daily volume of 9,420,000 shares, the days-to-cover ratio is presently 3.1 days.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on CDE. StockNews.com raised shares of Coeur Mining from a "sell" rating to a "hold" rating in a report on Friday, November 8th. Raymond James upped their price target on shares of Coeur Mining from $6.25 to $7.00 and gave the company a "market perform" rating in a report on Friday, September 20th. Cantor Fitzgerald upgraded Coeur Mining from a "hold" rating to a "strong-buy" rating in a research note on Thursday, November 7th. BMO Capital Markets upped their target price 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 reiterated a "buy" rating and set a $8.50 price target (down from $9.00) on shares of Coeur Mining in a research report on Friday, November 8th. Two investment 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 stock. According to data from MarketBeat.com, Coeur Mining has a consensus rating of "Moderate Buy" and an average price target of $7.81.

Coeur Mining Trading Down 1.4 %

NYSE CDE traded down $0.09 during trading hours on Friday, reaching $6.14. The company had a trading volume of 12,511,997 shares, compared to its average volume of 11,339,526. Coeur Mining has a 1-year low of $2.39 and a 1-year high of $7.72. 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 has a 50-day moving average of $6.63 and a 200 day moving average of $6.08. The stock has a market capitalization of $2.45 billion, a P/E ratio of -204.60 and a beta of 1.65.

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

Hedge Funds Weigh In On Coeur Mining

Large investors have recently bought and sold shares of the company. Tidal Investments LLC acquired a new position in Coeur Mining during the first quarter worth $41,587,000. American Century Companies Inc. increased its holdings in shares of Coeur Mining by 248.1% in the 2nd quarter. American Century Companies Inc. now owns 6,463,587 shares of the basic materials company's stock valued at $36,325,000 after purchasing an additional 4,606,711 shares in the last quarter. M&G Plc acquired a new stake in shares of Coeur Mining in the second quarter valued at about $9,966,000. Renaissance Technologies LLC purchased a new stake in Coeur Mining during the second quarter worth about $4,822,000. Finally, Janus Henderson Group PLC grew its position in Coeur Mining by 18.5% during the first quarter. Janus Henderson Group PLC now owns 2,723,185 shares of the basic materials company's stock worth $10,254,000 after buying an additional 424,835 shares during the period. Hedge funds and other 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.

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