Coeur Mining, Inc. (NYSE:CDE) Short Interest Down 8.5% in April

Coeur Mining, Inc. (NYSE:CDE) was the recipient of a significant decline in short interest in April. As of April 15th, there was short interest totalling 19,180,000 shares, a decline of 8.5% from the March 31st total of 20,960,000 shares. Based on an average trading volume of 7,860,000 shares, the days-to-cover ratio is currently 2.4 days.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on CDE shares. BMO Capital Markets upped their price target on shares of Coeur Mining from $3.50 to $4.25 and gave the stock a “market perform” rating in a research report on Wednesday, April 10th. Roth Mkm began coverage on Coeur Mining in a research report on Tuesday, April 9th. They set a “buy” rating and a $5.40 target price on the stock. National Bank Financial reissued an “outperform spec market weight” rating on shares of Coeur Mining in a research report on Monday, April 8th. Raymond James raised their price objective on Coeur Mining from $3.75 to $4.00 and gave the company a “market perform” rating in a research report on Monday, April 8th. Finally, Roth Capital reiterated a “buy” rating on shares of Coeur Mining in a report on Tuesday, April 9th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and seven have given a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $4.21.

Coeur Mining Stock Down 0.6 %

NYSE:CDE traded down $0.03 during mid-day trading on Monday, hitting $4.91. 6,152,461 shares of the company’s stock traded hands, compared to its average volume of 7,585,240. The company has a fifty day moving average of $3.70 and a 200 day moving average of $3.12. The company has a debt-to-equity ratio of 0.51, a quick ratio of 0.38 and a current ratio of 0.92. Coeur Mining has a twelve month low of $2.00 and a twelve month high of $5.47. The company has a market capitalization of $1.91 billion, a P/E ratio of -15.84 and a beta of 1.82.

Coeur Mining (NYSE:CDE) last issued its quarterly earnings results on Wednesday, February 21st. The basic materials company reported ($0.02) earnings per share for the quarter. The business had revenue of $262.10 million for the quarter. Coeur Mining had a negative return on equity of 7.79% and a negative net margin of 12.62%. On average, analysts forecast that Coeur Mining will post -0.04 EPS for the current year.

Institutional Investors Weigh In On Coeur Mining

Institutional investors and hedge funds have recently made changes to their positions in the stock. Exchange Traded Concepts LLC acquired a new stake in shares of Coeur Mining during the third quarter worth about $63,000. Cambridge Investment Research Advisors Inc. boosted its holdings in shares of Coeur Mining by 141.6% in the 3rd quarter. Cambridge Investment Research Advisors Inc. now owns 76,253 shares of the basic materials company’s stock valued at $169,000 after acquiring an additional 44,690 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. increased its stake in shares of Coeur Mining by 2.0% in the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 7,754,880 shares of the basic materials company’s stock worth $17,216,000 after acquiring an additional 150,141 shares during the period. Inspire Investing LLC raised its holdings in shares of Coeur Mining by 25.9% during the third quarter. Inspire Investing LLC now owns 139,807 shares of the basic materials company’s stock worth $310,000 after purchasing an additional 28,781 shares during the last quarter. Finally, Dubuque Bank & Trust Co acquired a new position in Coeur Mining during the third quarter valued at $95,000. 63.01% of the stock is currently owned by institutional investors and hedge funds.

Coeur Mining Company Profile

Coeur Mining, Inc explores for precious metals in the United States, Canada, and Mexico. The company primarily explores for gold, silver, zinc, and lead properties. It markets and sells its concentrates to third-party customers, smelters, under off-take agreements. The company was formerly known as Coeur d'Alene Mines Corporation and changed its name to Coeur Mining, Inc in May 2013.