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

Coeur Mining, Inc. (NYSE:CDE) saw a large increase in short interest in the month of December. As of December 31st, there was short interest totaling 66,576,252 shares, an increase of 20.5% from the December 15th total of 55,243,409 shares. Currently, 10.5% of the company’s stock are short sold. Based on an average daily volume of 19,554,348 shares, the days-to-cover ratio is presently 3.4 days. Based on an average daily volume of 19,554,348 shares, the days-to-cover ratio is presently 3.4 days. Currently, 10.5% of the company’s stock are short sold.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in CDE. Van ECK Associates Corp raised its holdings in Coeur Mining by 55.8% in the 3rd quarter. Van ECK Associates Corp now owns 66,002,193 shares of the basic materials company’s stock worth $1,238,201,000 after acquiring an additional 23,646,265 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in Coeur Mining by 36.3% during the 3rd quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 23,857,511 shares of the basic materials company’s stock valued at $447,567,000 after purchasing an additional 6,352,828 shares during the last quarter. Tidal Investments LLC increased its holdings in shares of Coeur Mining by 55.3% in the 2nd quarter. Tidal Investments LLC now owns 20,734,671 shares of the basic materials company’s stock worth $183,709,000 after purchasing an additional 7,382,955 shares in the last quarter. Geode Capital Management LLC raised its stake in shares of Coeur Mining by 2.0% in the second quarter. Geode Capital Management LLC now owns 14,979,134 shares of the basic materials company’s stock worth $132,732,000 after purchasing an additional 288,626 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership raised its stake in shares of Coeur Mining by 38.6% in the third quarter. Arrowstreet Capital Limited Partnership now owns 14,303,254 shares of the basic materials company’s stock worth $268,329,000 after purchasing an additional 3,982,085 shares during the last quarter. Institutional investors own 63.01% of the company’s stock.

Coeur Mining Stock Up 6.3%

Shares of NYSE CDE traded up $1.33 during trading on Monday, reaching $22.55. The company had a trading volume of 29,373,037 shares, compared to its average volume of 19,077,222. Coeur Mining has a 12-month low of $4.58 and a 12-month high of $23.61. The stock has a market cap of $14.48 billion, a PE ratio of 34.17 and a beta of 1.24. The business’s 50-day moving average is $17.46 and its 200 day moving average is $15.41. The company has a quick ratio of 1.10, a current ratio of 2.00 and a debt-to-equity ratio of 0.11.

Coeur Mining (NYSE:CDE) last posted its quarterly earnings results on Wednesday, October 29th. The basic materials company reported $0.23 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.25 by ($0.02). The company had revenue of $554.57 million during the quarter, compared to analysts’ expectations of $511.20 million. Coeur Mining had a return on equity of 15.52% and a net margin of 24.03%.Coeur Mining’s revenue for the quarter was up 76.9% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.12 EPS. As a group, equities analysts forecast that Coeur Mining will post 0.58 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of equities analysts have issued reports on the company. Weiss Ratings reiterated a “buy (b-)” rating on shares of Coeur Mining in a report on Monday, December 29th. Cantor Fitzgerald cut shares of Coeur Mining from an “overweight” rating to a “hold” rating and set a $16.00 target price on the stock. in a report on Thursday, October 30th. Raymond James Financial set a $21.00 price target on shares of Coeur Mining in a research note on Thursday, October 30th. Roth Capital lifted their price target on shares of Coeur Mining from $20.00 to $23.00 and gave the company a “buy” rating in a research report on Monday, December 15th. Finally, TD Securities boosted their price objective on shares of Coeur Mining from $23.00 to $25.00 and gave the stock a “buy” rating in a research note on Tuesday, November 11th. Three analysts have rated the stock with a Strong Buy rating, six have given a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus target price of $16.75.

Coeur Mining Company Profile

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.