Coeur Mining Inc (NYSE:CDE) was the target of a large increase in short interest in March. As of March 29th, there was short interest totalling 14,433,072 shares, an increase of 22.2% from the March 15th total of 11,808,483 shares. Currently, 7.2% of the shares of the stock are sold short. Based on an average daily trading volume, of 2,853,421 shares, the days-to-cover ratio is currently 5.1 days.
In related news, SVP Hans John Rasmussen sold 7,500 shares of the business’s stock in a transaction on Wednesday, March 6th. The stock was sold at an average price of $4.78, for a total value of $35,850.00. The sale was disclosed in a document filed with the SEC, which is accessible through this link. 1.88% of the stock is owned by insiders.
A number of institutional investors and hedge funds have recently modified their holdings of the business. Van ECK Associates Corp raised its position in Coeur Mining by 14.5% in the 4th quarter. Van ECK Associates Corp now owns 24,967,902 shares of the basic materials company’s stock valued at $111,607,000 after purchasing an additional 3,153,734 shares during the last quarter. Vanguard Group Inc. raised its position in shares of Coeur Mining by 2.5% during the third quarter. Vanguard Group Inc. now owns 16,704,201 shares of the basic materials company’s stock worth $89,033,000 after acquiring an additional 404,798 shares during the last quarter. Vanguard Group Inc raised its position in shares of Coeur Mining by 2.5% during the third quarter. Vanguard Group Inc now owns 16,704,201 shares of the basic materials company’s stock worth $89,033,000 after acquiring an additional 404,798 shares during the last quarter. Dimensional Fund Advisors LP raised its position in shares of Coeur Mining by 11.0% during the fourth quarter. Dimensional Fund Advisors LP now owns 15,719,591 shares of the basic materials company’s stock worth $70,266,000 after acquiring an additional 1,559,563 shares during the last quarter. Finally, BlackRock Inc. raised its position in shares of Coeur Mining by 7.1% during the fourth quarter. BlackRock Inc. now owns 13,712,933 shares of the basic materials company’s stock worth $61,297,000 after acquiring an additional 914,807 shares during the last quarter. Hedge funds and other institutional investors own 67.22% of the company’s stock.
Shares of CDE opened at $3.90 on Tuesday. The company has a quick ratio of 0.97, a current ratio of 1.85 and a debt-to-equity ratio of 0.51. Coeur Mining has a 52-week low of $3.76 and a 52-week high of $8.89. The firm has a market capitalization of $808.53 million, a price-to-earnings ratio of -390.00 and a beta of 0.42.
Coeur Mining (NYSE:CDE) last issued its quarterly earnings data on Wednesday, February 20th. The basic materials company reported $0.08 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.12) by $0.20. Coeur Mining had a negative return on equity of 0.22% and a negative net margin of 7.74%. The firm had revenue of $143.80 million during the quarter, compared to the consensus estimate of $152.25 million. During the same quarter in the previous year, the company posted $0.08 EPS. The business’s revenue for the quarter was down 33.0% compared to the same quarter last year. On average, equities research analysts forecast that Coeur Mining will post 0.11 earnings per share for the current year.
About Coeur Mining
Coeur Mining, Inc explores for, develops, and produces gold, silver, zinc, and lead properties. It holds interests in the Palmarejo gold and silver complex located in Mexico; the Rochester silver and gold mine situated in Nevada; the Kensington gold mine located in Alaska; the Wharf gold mine situated in South Dakota; and the Silvertip silver-zinc-lead mine located in Canada.
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