Coeur Mining Short Interest Up 65.1% in April (CDE)
Coeur Mining (NYSE:CDE) was the target of a significant growth in short interest in the month of April. As of April 15th, there was short interest totalling 17,469,461 shares, a growth of 65.1% from the March 31st total of 10,583,016 shares, AnalystRatings.Net reports. Currently, 17.0% of the shares of the company are sold short. Based on an average daily volume of 1,544,256 shares, the short-interest ratio is currently 11.3 days.
Separately, analysts at Ned Davis Research upgraded shares of Coeur Mining from a “sell” rating to a “neutral” rating in a research note on Monday, March 3rd. One research analyst has rated the stock with a sell rating, five have issued a hold rating and two have assigned a buy rating to the company. The company currently has a consensus rating of “Hold” and an average price target of $11.83.
Coeur Mining (NYSE:CDE) opened at 8.19 on Thursday. Coeur Mining has a 52 week low of $7.91 and a 52 week high of $16.95. The stock has a 50-day moving average of $9.12 and a 200-day moving average of $10.53. The company’s market cap is $844.4 million.
Coeur Mining (NYSE:CDE) last announced its earnings results on Thursday, May 8th. The company reported ($0.19) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.31) by $0.12. The company had revenue of $159.60 million for the quarter, compared to the consensus estimate of $164.45 million. During the same quarter in the previous year, the company posted $0.08 earnings per share. The company’s revenue for the quarter was down 7.0% on a year-over-year basis. On average, analysts predict that Coeur Mining will post $-0.97 earnings per share for the current fiscal year.
Coeur Mining, Inc, formerly Coeur d’Alene Mines Corporation, is a silver producer with gold production and has assets located in the United States, Mexico, Bolivia, Argentina and Australia.
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