Coeur Mining, Inc. (NYSE:CDE) Short Interest Down 14.8% in April

Coeur Mining, Inc. (NYSE:CDE) saw a significant drop in short interest in the month of April. As of April 15th, there was short interest totaling 35,904,430 shares, a drop of 14.8% from the March 31st total of 42,148,644 shares. Currently, 5.6% of the company’s stock are short sold. Based on an average daily volume of 20,470,106 shares, the days-to-cover ratio is presently 1.8 days.

Coeur Mining Stock Down 2.0%

Coeur Mining stock traded down $0.37 during mid-day trading on Friday, reaching $17.60. The company’s stock had a trading volume of 16,832,858 shares, compared to its average volume of 17,067,238. The company has a market capitalization of $11.30 billion, a price-to-earnings ratio of 20.23 and a beta of 1.24. Coeur Mining has a 12 month low of $5.21 and a 12 month high of $27.77. The business’s 50 day simple moving average is $20.50 and its 200 day simple moving average is $19.48. The company has a debt-to-equity ratio of 0.10, a quick ratio of 1.66 and a current ratio of 2.47.

Coeur Mining (NYSE:CDE) last released 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 firm’s revenue for the quarter was up 120.9% on a year-over-year basis. During the same period last year, the business posted $0.11 EPS. As a group, research analysts anticipate that Coeur Mining will post 1.42 earnings per share for the current year.

Analysts Set New Price Targets

CDE has been the topic of a number of research analyst reports. Zacks Research raised Coeur Mining from a “strong sell” rating to a “hold” rating in a research report on Thursday. Canadian Imperial Bank of Commerce initiated coverage on Coeur Mining in a research report on Tuesday, March 10th. They set an “outperform” rating and a $40.00 price target on the stock. Royal Bank Of Canada raised their price target on Coeur Mining from $22.00 to $26.00 and gave the stock an “outperform” rating in a research report on Thursday, February 12th. Roth Mkm reissued a “buy” rating and issued a $29.00 target price on shares of Coeur Mining in a research report on Thursday, February 19th. Finally, Weiss Ratings lowered Coeur Mining from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Friday, March 27th. Two investment analysts have rated the stock with a Strong Buy rating, eight have assigned a Buy rating and four have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, Coeur Mining has a consensus rating of “Moderate Buy” and an average target price of $24.67.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the stock. Van ECK Associates Corp grew its stake in Coeur Mining by 55.8% in the third quarter. Van ECK Associates Corp now owns 66,002,193 shares of the basic materials company’s stock valued at $1,238,201,000 after purchasing an additional 23,646,265 shares in the last quarter. State Street Corp grew its stake in Coeur Mining by 6.7% in the fourth quarter. State Street Corp now owns 24,250,702 shares of the basic materials company’s stock valued at $432,390,000 after purchasing an additional 1,529,394 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in Coeur Mining by 36.3% in the third 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 in the last quarter. Tidal Investments LLC grew its stake in Coeur Mining by 55.3% in the second quarter. Tidal Investments LLC now owns 20,734,671 shares of the basic materials company’s stock valued at $183,709,000 after purchasing an additional 7,382,955 shares in the last quarter. Finally, Geode Capital Management LLC grew its stake in Coeur Mining by 3.5% in the fourth quarter. Geode Capital Management LLC now owns 15,586,550 shares of the basic materials company’s stock valued at $277,953,000 after purchasing an additional 524,646 shares in the last quarter. 63.01% of the stock is currently owned by institutional investors.

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.