Coeur Mining, Inc. (NYSE:CDE) Short Interest Up 24.0% in February

Coeur Mining, Inc. (NYSE:CDE - Get Free Report) saw 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 volume of 14,010,000 shares, the days-to-cover ratio is currently 3.7 days.

Insider Activity

In other Coeur Mining news, CFO Thomas S. Whelan bought 10,000 shares of Coeur Mining stock in a transaction dated Wednesday, February 26th. The shares were bought at an average price of $5.25 per share, with a total value of $52,500.00. Following the purchase, the chief financial officer now owns 668,450 shares of the company's stock, valued at $3,509,362.50. This trade represents a 1.52 % increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Insiders own 1.56% of the company's stock.

Institutional Trading of Coeur Mining

Several hedge funds have recently bought and sold shares of the stock. Vanguard Group Inc. raised its holdings in Coeur Mining by 8.5% during the 4th quarter. Vanguard Group Inc. now owns 40,700,218 shares of the basic materials company's stock worth $232,805,000 after buying an additional 3,178,785 shares during the period. Dimensional Fund Advisors LP raised its holdings in shares of Coeur Mining by 1.7% in the fourth quarter. Dimensional Fund Advisors LP now owns 17,157,325 shares of the basic materials company's stock valued at $98,137,000 after purchasing an additional 282,885 shares during the last quarter. Tidal Investments LLC raised its holdings in shares of 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 valued at $76,326,000 after purchasing an additional 1,332,684 shares during the last quarter. Geode Capital Management LLC raised its holdings in shares of 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 purchasing an additional 89,863 shares during the last quarter. Finally, Two Sigma Investments LP raised its holdings in shares of Coeur Mining by 57.8% in 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 during the last quarter. 63.01% of the stock is currently owned by institutional investors and hedge funds.

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Analysts Set New Price Targets

Several research analysts have recently issued reports on the stock. BMO Capital Markets assumed coverage on shares of Coeur Mining in a research note on Tuesday, February 18th. They issued an "outperform" rating and a $9.00 target price on the stock. Roth Mkm reduced their price objective on shares of Coeur Mining from $8.50 to $8.25 and set a "buy" rating on the stock in a research note on Friday, February 21st. Raymond James raised shares of Coeur Mining from a "market perform" rating to an "outperform" rating and reduced their price objective for the stock from $8.75 to $8.25 in a research note on Friday, February 21st. Finally, Cormark raised shares of Coeur Mining to a "moderate buy" rating in a research note on Thursday, February 20th. One analyst has rated the stock with a hold rating, five have given a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat, the company presently has an average rating of "Buy" and an average price target of $8.31.

Coeur Mining Trading Up 1.4 %

Coeur Mining stock traded up $0.08 during midday trading on Friday, hitting $5.58. 21,630,783 shares of the stock were exchanged, compared to its average volume of 10,016,428. The company has a quick ratio of 0.39, a current ratio of 0.83 and a debt-to-equity ratio of 0.50. The stock has a market capitalization of $3.56 billion, a PE ratio of 46.46 and a beta of 1.51. The company has a fifty day simple moving average of $6.18 and a two-hundred day simple moving average of $6.37. Coeur Mining has a 52 week low of $2.98 and a 52 week high of $7.72.

Coeur Mining (NYSE:CDE - Get Free Report) last announced its earnings results on Wednesday, February 19th. The basic materials company reported $0.11 EPS for the quarter, hitting the consensus estimate of $0.11. The firm had revenue of $305.40 million for the quarter, compared to the consensus estimate of $314.32 million. Coeur Mining had a net margin of 5.59% and a return on equity of 6.59%. Equities research analysts anticipate that Coeur Mining will post 0.58 EPS for the current fiscal year.

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.