Breaking Short Interest: A Reversal for Coeur Mining Incorporated (NYSE:CDE) Is Near. The Stock Has Decrease in Shorts

November 29, 2016 - By Winifred Garcia   ·   0 Comments

Breaking Short Interest: A Reversal for Coeur Mining Incorporated (NYSE:CDE) Is Near. The Stock Has Decrease in Shorts

The stock of Coeur Mining Incorporated (NYSE:CDE) registered a decrease of 14.49% in short interest. CDE’s total short interest was 8.13 million shares in November as published by FINRA. Its down 14.49% from 9.50M shares, reported previously. With 4.11M shares average volume, it will take short sellers 2 days to cover their CDE’s short positions. The short interest to Coeur Mining Incorporated’s float is 5.07%. The stock increased 2.83% or $0.27 during the last trading session, hitting $9.82. Coeur Mining Inc (NYSE:CDE) has risen 38.31% since April 26, 2016 and is uptrending. It has outperformed by 33.05% the S&P500.

Coeur Mining, Inc. is a gold and silver producer. The company has a market cap of $1.69 billion. The Company’s divisions include Palmarejo complex, Rochester, Kensington, Wharf and San Bartolome mines, and Coeur Capital. It currently has negative earnings. The Firm also a non-operating interest in the Endeavor mine in Australia in addition to royalties on the El Gallo complex in Mexico, the Zaruma mine in Ecuador, and the Correnso mine in New Zealand.

Insitutional Activity: The institutional sentiment decreased to 1.67 in Q2 2016. Its down 0.37, from 2.04 in 2016Q1. The ratio dived, as 14 funds sold all Coeur Mining Inc shares owned while 36 reduced positions. 37 funds bought stakes while 65 increased positions. They now own 111.63 million shares or 25.38% more from 89.04 million shares in 2016Q1.
California State Teachers Retirement has 320,930 shares for 0.01% of their US portfolio. Frontier Capital Mgmt Co Limited Co last reported 2.91M shares in the company. Deutsche Bank & Trust Ag accumulated 2.26M shares or 0.02% of the stock. Envestnet Asset Mngmt holds 0% or 10,296 shares in its portfolio. Prudential Inc has invested 0% of its portfolio in Coeur Mining Inc (NYSE:CDE). Ameriprise has invested 0% of its portfolio in Coeur Mining Inc (NYSE:CDE). Sprott accumulated 1.82 million shares or 1% of the stock. Moreover, Bb&T Corporation has 0% invested in Coeur Mining Inc (NYSE:CDE) for 10,900 shares. Proshare Advsrs Llc has 18,691 shares for 0% of their US portfolio. New Harbor Fin Grp Inc Llc accumulated 0% or 250 shares. The New York-based Renaissance Techs Ltd has invested 0.1% in Coeur Mining Inc (NYSE:CDE). Schwab Charles Inv Mgmt Inc accumulated 0.01% or 491,912 shares. Ws Management Lllp holds 0.52% of its portfolio in Coeur Mining Inc (NYSE:CDE) for 1.41M shares. Barclays Public Limited Company accumulated 0.01% or 468,274 shares. Blackrock Institutional Trust Com Na holds 3.71M shares or 0.01% of its portfolio.

Insider Transactions: Since July 29, 2016, the stock had 2 insider buys, and 8 selling transactions for $805,519 net activity. MELLOR ROBERT E bought 1,000 shares worth $13,673. On Thursday, September 1 the insider Mitchell Peter C. sold $125,500. Rasmussen Hans John also sold $40,375 worth of Coeur Mining Inc (NYSE:CDE) shares. THOMPSON J KENNETH had sold 7,500 shares worth $116,423 on Monday, August 1. 4,565 shares with value of $71,899 were sold by Spurbeck Mark on Thursday, August 4.

Coeur Mining Inc (NYSE:CDE) Ratings Coverage

Out of 7 analysts covering Coeur Mining (NYSE:CDE), 6 rate it a “Buy”, 0 “Sell”, while 1 “Hold”. This means 86% are positive. Coeur Mining has been the topic of 20 analyst reports since August 6, 2015 according to StockzIntelligence Inc. The rating was upgraded by Deutsche Bank on Monday, October 3 to “Hold”. The company was upgraded on Thursday, July 14 by RBC Capital Markets. BMO Capital Markets upgraded Coeur Mining Inc (NYSE:CDE) on Friday, February 12 to “Market Perform” rating. BMO Capital Markets upgraded the shares of CDE in a report on Thursday, May 12 to “Outperform” rating. The rating was initiated by RBC Capital Markets with “Sector Perform” on Tuesday, June 21. As per Monday, November 9, the company rating was maintained by Deutsche Bank. RBC Capital Markets maintained Coeur Mining Inc (NYSE:CDE) on Friday, November 18 with “Outperform” rating. The company was maintained on Tuesday, October 13 by Roth Capital. IBC downgraded the stock to “Sector Underperform” rating in Friday, April 8 report. The stock of Coeur Mining Inc (NYSE:CDE) earned “” rating by IBC on Tuesday, August 30.

CDE Company Profile

Coeur Mining, Inc., incorporated on May 15, 2013, is a gold and silver producer. The Company’s divisions include Palmarejo complex, Rochester, Kensington, Wharf and San Bartolome mines, and Coeur Capital. The Firm also has a non-operating interest in the Endeavor mine in Australia in addition to royalties on the El Gallo complex in Mexico, the Zaruma mine in Ecuador, and the Correnso mine in New Zealand. In addition, the Company has two silver-gold feasibility stage projects: the La Preciosa project in Mexico and the Joaquin project in Argentina. The Firm also conducts exploration activities in Alaska, Argentina, Bolivia, Mexico, and Nevada. The Firm owns strategic investment positions in several silver and gold development companies with projects in North and South America.

Another recent and important Coeur Mining Inc (NYSE:CDE) news was published by Fool.com which published an article titled: “Coeur Mining Inc. Takes Another Step Toward a Debt-Free Future” on November 22, 2016.

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.

By Winifred Garcia


Readers Comments (0)





Free Email Newsletter

Enter your email address below to get the latest news and analysts' ratings for your stocks with our FREE daily email newsletter:


Recent Market News

>