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

Coeur Mining, Inc. (NYSE:CDE) was the recipient of a significant 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. Approximately 10.5% of the company’s shares are short sold. Based on an average daily volume of 19,554,348 shares, the days-to-cover ratio is currently 3.4 days. Based on an average daily volume of 19,554,348 shares, the days-to-cover ratio is currently 3.4 days. Approximately 10.5% of the company’s shares are short sold.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on CDE shares. TD Securities lifted their price target on shares of Coeur Mining from $23.00 to $25.00 and gave the stock a “buy” rating in a research report on Tuesday, November 11th. Raymond James Financial set a $21.00 target price on Coeur Mining in a report on Thursday, October 30th. Wall Street Zen upgraded Coeur Mining from a “hold” rating to a “buy” rating in a report on Sunday, December 21st. Weiss Ratings reiterated a “buy (b-)” rating on shares of Coeur Mining in a report on Monday, December 29th. Finally, Cormark cut Coeur Mining from a “moderate buy” rating to a “hold” rating in a research note on Wednesday, October 29th. Three equities research analysts have rated the stock with a Strong Buy rating, six have issued a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus price target of $16.75.

Institutional Investors Weigh In On Coeur Mining

A number of institutional investors and hedge funds have recently made changes to their positions in CDE. JPMorgan Chase & Co. raised its holdings in Coeur Mining by 84.0% in the 2nd quarter. JPMorgan Chase & Co. now owns 2,881,784 shares of the basic materials company’s stock valued at $25,533,000 after acquiring an additional 1,315,348 shares during the period. Voya Investment Management LLC increased its position in Coeur Mining by 246.5% during the 3rd quarter. Voya Investment Management LLC now owns 608,227 shares of the basic materials company’s stock worth $11,410,000 after buying an additional 432,683 shares during the period. Moody Aldrich Partners LLC bought a new position in Coeur Mining during the 3rd quarter worth $5,768,000. Allspring Global Investments Holdings LLC grew its stake in shares of Coeur Mining by 29.5% in the third quarter. Allspring Global Investments Holdings LLC now owns 2,368,071 shares of the basic materials company’s stock valued at $44,709,000 after acquiring an additional 539,615 shares in the last quarter. Finally, Schroder Investment Management Group increased its position in Coeur Mining by 12.3% during the second quarter. Schroder Investment Management Group now owns 6,592,203 shares of the basic materials company’s stock worth $58,407,000 after acquiring an additional 723,064 shares during the period. Institutional investors own 63.01% of the company’s stock.

Coeur Mining Stock Up 1.2%

Shares of NYSE:CDE traded up $0.28 during mid-day trading on Tuesday, reaching $22.86. 32,855,086 shares of the stock were exchanged, compared to its average volume of 23,864,865. Coeur Mining has a one year low of $4.58 and a one year high of $23.61. The company has a quick ratio of 1.10, a current ratio of 2.00 and a debt-to-equity ratio of 0.11. The stock’s 50 day simple moving average is $17.46 and its 200-day simple moving average is $15.41. The company has a market cap of $14.68 billion, a P/E ratio of 34.63 and a beta of 1.24.

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

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.