Coeur Mining (CDE): Price Target and June Short Interest Disclosure

Coeur Mining (CDE) : 6 investment research analysts covering Coeur Mining (CDE) have an average price target of $9.96 for the near short term. The highest target price given by the Brokerage Firm to the stock is $14 and the lowest target is $6 for the short term. Analysts expect the variance to be within $2.94 of the average price.

Coeur Mining (CDE), A increase of 2,066,334 shares or 14.9% was observed in the short interest of Coeur Mining, Inc. The interest on June 30,2016 came in at 15,955,998 shares and as per the average daily trading of 7,779,068 shares, the days to cover are 2. The increased interest is 10.6% of the floated shares. The data of June 15,2016 put the interest at 13,889,664 shares. The information was released by Financial Industry Regulatory Authority, Inc (FINRA) on June 12th.

Also, Raymond James upgrades their rating on the shares of Coeur Mining (NYSE:CDE). The current rating of the shares is Outperform. Earlier, the shares were rated a Market Perform by the brokerage firm. The rating by the firm was issued on June 27, 2016.


Coeur Mining (NYSE:CDE): stock turned positive on Thursday. Though the stock opened at $12.94, the bulls momentum made the stock top out at $13.6899 level for the day. The stock recorded a low of $12.71 and closed the trading day at $13.64, in the green by 4.84%. The total traded volume for the day was 6,482,481. The stock had closed at $13.01 in the previous days trading.

Coeur Mining, Inc. (Coeur) is a silver producer. The Company has gold production and mines located in the United States, Mexico and Bolivia; a silver interest in Australia, and exploration projects in Mexico and Argentina. The Companys segments include Palmarejo, San Bartolome, Rochester, Kensington, La Preciosa and Coeur Capital. The Palmarejo surface and underground silver and gold mine, owned and operated by Coeur Mexicana, is located in the state of Chihuahua, Mexico. The San Bartolome silver mine, operated by Manquiri, is located on the flanks of the Cerro Rico Mountain. The Rochester mine is an open pit silver and gold mine located in Pershing County, Nevada. The Kensington underground gold mine is located on the east side of the Lynn Canal. La Preciosa is an advanced-stage silver and gold exploration project located around 52 miles northeast of the city of Durango in Durango State, Mexico. Coeur Capital holds the Endeavor silver stream and other precious metals royalties.

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