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

Coeur Mining, Inc. (NYSE:CDE) was the target of a large drop in short interest during the month of March. As of March 31st, there was short interest totaling 42,148,644 shares, a drop of 41.0% from the March 15th total of 71,442,627 shares. Based on an average daily trading volume, of 48,086,793 shares, the days-to-cover ratio is presently 0.9 days. Approximately 6.7% of the shares of the company are sold short.

Coeur Mining Price Performance

NYSE CDE traded down $0.41 on Monday, reaching $19.84. The company’s stock had a trading volume of 2,404,956 shares, compared to its average volume of 28,394,461. The firm has a market cap of $12.73 billion, a PE ratio of 22.80 and a beta of 1.33. The business has a 50-day moving average price of $21.26 and a 200 day moving average price of $19.48. Coeur Mining has a 52 week low of $5.21 and a 52 week high of $27.77. The company has a current ratio of 2.47, a quick ratio of 1.66 and a debt-to-equity ratio of 0.10.

Coeur Mining (NYSE:CDE) last posted its earnings results on Wednesday, February 18th. The basic materials company reported $0.35 earnings per share for the quarter, missing analysts’ consensus estimates of $0.43 by ($0.08). The business had revenue of $674.85 million during the quarter, compared to the consensus estimate of $668.70 million. Coeur Mining had a net margin of 28.31% and a return on equity of 18.75%. The business’s revenue was up 120.9% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.11 EPS. Sell-side analysts expect that Coeur Mining will post 0.58 EPS for the current year.

Institutional Trading of Coeur Mining

Large investors have recently added to or reduced their stakes in the company. Triumph Capital Management grew its stake in Coeur Mining by 300.0% during the fourth quarter. Triumph Capital Management now owns 1,600 shares of the basic materials company’s stock worth $29,000 after buying an additional 1,200 shares during the last quarter. EverSource Wealth Advisors LLC grew its stake in Coeur Mining by 74.2% during the second quarter. EverSource Wealth Advisors LLC now owns 3,368 shares of the basic materials company’s stock worth $30,000 after buying an additional 1,435 shares during the last quarter. Kingdom Financial Group LLC. bought a new stake in Coeur Mining during the fourth quarter worth about $32,000. Kemnay Advisory Services Inc. bought a new stake in Coeur Mining during the fourth quarter worth about $33,000. Finally, Transamerica Financial Advisors LLC bought a new stake in Coeur Mining during the fourth quarter worth about $34,000. 63.01% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of research analysts recently issued reports on the stock. Weiss Ratings lowered shares of Coeur Mining from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Friday, March 27th. Wall Street Zen upgraded shares of Coeur Mining from a “hold” rating to a “buy” rating in a report on Sunday, December 21st. Canaccord Genuity Group downgraded shares of Coeur Mining from a “buy” rating to a “hold” rating in a report on Friday, February 20th. Roth Mkm restated a “buy” rating and set a $29.00 price objective on shares of Coeur Mining in a report on Thursday, February 19th. Finally, Canadian Imperial Bank of Commerce assumed coverage on shares of Coeur Mining in a report on Tuesday, March 10th. They set an “outperform” rating and a $40.00 price objective on the stock. Two equities research analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $24.67.

About Coeur Mining

Coeur Mining, Inc is a publicly traded precious metals mining company headquartered in Chicago, Illinois. The company specializes in the exploration, development and production of silver and gold deposits, with a focus on high-grade underground and open-pit operations. Through a combination of operating mines and advanced exploration projects, Coeur Mining seeks to deliver consistent production of silver and gold bullion while maintaining industry standards for safety, environmental stewardship and cost management.

Coeur Mining’s portfolio includes five principal operating mines and several exploration projects across North America and Australia.