Coeur Mining, Inc. (NYSE:CDE) was the recipient of a large drop in short interest in the month of April. As of April 15th, there was short interest totalling 3,590,000 shares, a drop of 24.3% from the March 31st total of 4,740,000 shares. Based on an average daily volume of 4,500,000 shares, the short-interest ratio is presently 0.8 days.
A number of analysts have recently issued reports on CDE shares. Noble Financial downgraded Coeur Mining from an “outperform” rating to a “market perform” rating in a research report on Friday. Roth Capital boosted their price target on shares of Coeur Mining from $10.00 to $10.50 and gave the stock a “buy” rating in a research note on Friday. Canaccord Genuity upgraded shares of Coeur Mining from a “speculative buy” rating to a “buy” rating in a research report on Thursday, April 29th. Raymond James set a $10.00 target price on shares of Coeur Mining and gave the stock a “market perform” rating in a research report on Friday. Finally, Zacks Investment Research downgraded Coeur Mining from a “hold” rating to a “sell” rating in a research report on Tuesday, March 16th. One research analyst has rated the stock with a sell rating, three have given a hold rating and four have assigned a buy rating to the company. The stock has an average rating of “Hold” and an average price target of $9.38.
In other news, SVP Hans John Rasmussen sold 15,000 shares of the business’s stock in a transaction on Monday, February 22nd. The shares were sold at an average price of $8.62, for a total transaction of $129,300.00. 1.60% of the stock is owned by company insiders.
Several institutional investors have recently modified their holdings of CDE. NEXT Financial Group Inc purchased a new position in Coeur Mining during the 1st quarter valued at about $33,000. International Assets Investment Management LLC bought a new position in shares of Coeur Mining in the 4th quarter worth about $39,000. Meeder Asset Management Inc. bought a new position in shares of Coeur Mining in the 1st quarter worth about $40,000. Advisory Services Network LLC lifted its position in Coeur Mining by 3,000.0% during the 4th quarter. Advisory Services Network LLC now owns 9,300 shares of the basic materials company’s stock valued at $96,000 after acquiring an additional 9,000 shares during the period. Finally, Schmidt P J Investment Management Inc. bought a new stake in Coeur Mining during the fourth quarter worth about $100,000. Hedge funds and other institutional investors own 62.34% of the company’s stock.
Coeur Mining stock traded up $0.03 during mid-day trading on Tuesday, hitting $8.76. The company’s stock had a trading volume of 6,345,898 shares, compared to its average volume of 4,741,983. The business has a 50 day moving average price of $9.40 and a 200-day moving average price of $8.92. Coeur Mining has a 12 month low of $3.79 and a 12 month high of $12.60. The stock has a market cap of $2.13 billion, a price-to-earnings ratio of -8.11 and a beta of 1.98. The company has a debt-to-equity ratio of 0.42, a current ratio of 1.16 and a quick ratio of 0.58.
Coeur Mining (NYSE:CDE) last released its earnings results on Tuesday, April 27th. The basic materials company reported $0.06 earnings per share for the quarter, missing analysts’ consensus estimates of $0.07 by ($0.01). Coeur Mining had a negative net margin of 34.20% and a positive return on equity of 5.56%. The company had revenue of $202.12 million during the quarter, compared to the consensus estimate of $207.55 million. Coeur Mining’s revenue was up 16.7% on a year-over-year basis. On average, equities research analysts expect that Coeur Mining will post 0.31 earnings per share for the current fiscal year.
Coeur Mining Company Profile
Coeur Mining, Inc explores for, develops, produces, and sells 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 17,044 net acres situated in northwestern Nevada; the Kensington gold mine comprising 12,336 net acres located to the north of Juneau, Alaska; the Wharf gold mine covering an area of approximately 7,852 net acres situated in the northern Black Hills of western South Dakota; and the Silvertip silver-zinc-lead mine comprising 98,834 net acres located in northern British Columbia, Canada.
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