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

Coeur Mining, Inc. (NYSE:CDE) saw a large decline in short interest in the month of 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 daily volume of 7,860,000 shares, the short-interest ratio is presently 2.4 days.

Analyst Ratings Changes

CDE has been the subject of a number of recent analyst reports. National Bank Financial restated an “outperform spec market weight” rating on shares of Coeur Mining in a report on Monday, April 8th. Roth Mkm started coverage on shares of Coeur Mining in a report on Tuesday, April 9th. They issued a “buy” rating and a $5.40 price objective for the company. Raymond James lifted their target price on shares of Coeur Mining from $3.75 to $4.00 and gave the company a “market perform” rating in a research note on Monday, April 8th. BMO Capital Markets increased 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 note on Wednesday, April 10th. Finally, Roth Capital reaffirmed a “buy” rating on shares of Coeur Mining in a research report on Tuesday, April 9th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and seven have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $4.21.

Coeur Mining Stock Down 0.6 %

Shares of NYSE CDE traded down $0.03 on Monday, reaching $4.91. 6,152,461 shares of the company’s stock traded hands, compared to its average volume of 7,585,240. The business’s 50 day simple moving average is $3.70 and its two-hundred day simple moving average is $3.12. Coeur Mining has a 12 month low of $2.00 and a 12 month high of $5.47. The company has a market cap of $1.91 billion, a price-to-earnings ratio of -15.84 and a beta of 1.82. The company has a quick ratio of 0.38, a current ratio of 0.92 and a debt-to-equity ratio of 0.51.

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

Institutional Investors Weigh In On Coeur Mining

Institutional investors have recently modified their holdings of the stock. Van ECK Associates Corp grew its holdings in shares of Coeur Mining by 10.9% during the fourth quarter. Van ECK Associates Corp now owns 36,279,058 shares of the basic materials company’s stock valued at $118,269,000 after buying an additional 3,556,959 shares during the last quarter. Vanguard Group Inc. lifted its position in Coeur Mining by 12.5% in the 4th quarter. Vanguard Group Inc. now owns 35,854,316 shares of the basic materials company’s stock valued at $116,885,000 after acquiring an additional 3,989,352 shares in the last quarter. Dimensional Fund Advisors LP boosted its stake in Coeur Mining by 0.5% during the 4th quarter. Dimensional Fund Advisors LP now owns 16,087,106 shares of the basic materials company’s stock valued at $52,445,000 after purchasing an additional 84,920 shares during the last quarter. Jupiter Asset Management Ltd. increased its holdings in shares of Coeur Mining by 95.9% in the 3rd quarter. Jupiter Asset Management Ltd. now owns 10,246,050 shares of the basic materials company’s stock worth $22,746,000 after purchasing an additional 5,017,119 shares in the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. raised its stake in shares of Coeur Mining by 22.0% in the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 9,457,720 shares of the basic materials company’s stock worth $30,832,000 after purchasing an additional 1,702,840 shares during the last quarter. 63.01% of the stock is owned by hedge funds and other institutional investors.

About Coeur Mining

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.