CDE’s short interest shows a sharp decline on Apr 27, 2023


Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Coeur Mining Inc. shares valued at $29,287 were purchased by THOMPSON J KENNETH on Mar 07. At $2.93 per share, THOMPSON J KENNETH acquired 10,000 shares. The insider’s holdings grew to 234,122 shares worth approximately $0.74 million following the completion of this transaction.

25-cent Stock Takes $11T Commodities Sector Digital

One brilliantly-run technology firm has successfully partnered with some of the largest players in the industry to bring a first-of-its-kind digital solution to the global commodities supply chain sector. Best of all, this upstart technology firm is currently trading undiscovered — below 25-cents per share — so very, very few investors know about it yet! For investors… it's an early-stage opportunity in a company that's bringing the US$11T global commodities sector straight into the 21st century.

All the details are in the FREE online report you can get here.


Also, Gress Randy purchased 20,000 shares, netting a total of over 58,580 in proceeds. Following the buying of shares at $2.93 each, the insider now holds 205,213 shares.

Analyzing CDE Stock Performance

On Wednesday, Coeur Mining Inc. [NYSE: CDE] plunged -5.14% to $3.14. The stock’s lowest price that day was $3.12, but it reached a high of $3.30 in the same session. During the last five days, there has been a drop of approximately -6.55%. Over the course of the year, Coeur Mining Inc. shares have dropped approximately -6.55%. Shares of the company reached a 52-week high of $4.55 on 04/13/23 and a 52-week low of $2.83 on 03/10/23. A 50-day SMA is recorded $3.59, while a 200-day SMA reached $3.44. Nevertheless, trading volume fell to 3.41 million shares from 3.84 million shares the previous day.

Support And Resistance Levels for Coeur Mining Inc. (CDE)

According to the 24-hour chart, there is a support level at 3.07, which, if violated, would cause prices to drop to 3.01. In the upper region, resistance lies at 3.25. The next price resistance is at 3.37. RSI (Relative Strength Index) is 36.38 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.12, which suggests the price will decrease in the coming days. Percent R is at 96.36%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.

Is Coeur Mining Inc. subject to short interest?

Stocks of Coeur Mining Inc. saw a sharp steep in short interest on Apr 27, 2023 dropping by -1.58 million shares to 12.2 million. Data from Yahoo Finance shows that the short interest on Mar 30, 2023 was 13.78 million shares. A decline of -12.95% in short interest reflects a positive sentiment towards the stock. Despite the fact that short shares comprise just 2.3 of the overall float, the days-to-cover ratio (short ratio) decline to 2.3.

Which companies own the most shares of Coeur Mining Inc. (CDE)?

According to Van Eck Associates Corp. filings, the company currently owns 29,788,157 shares, which is about 10.08% of the total CDE shares outstanding. The investor’s shares have appreciated by 3,901,050 from its previous 13-F filing of 25887107.0 shares. With the completion of the buy transaction, The Vanguard Group, Inc.’s stake is now worth $91,984,763. SSgA Funds Management, Inc. acquire a 11.19% interest valued at $72.33 million while BlackRock Fund Advisors purchased a 570,442 stake. A total of 1,448,117 shares of Coeur Mining Inc. were bought by Dimensional Fund Advisors LP during the quarter, and 2,074,800 were bought by Baker Steel Capital Managers LLP. In its current portfolio, Global X Management Co. LLC holds 7,874,985 shares valued at $26.77 million.

In terms of Coeur Mining Inc. share price expectations, FactSet research, analysts set an average price target of $4.63 in the next 12 months, up nearly 24.77% from the previous closing price of $3.31. Analysts anticipate Coeur Mining Inc. stock to reach $6.00 by 2023, with the lowest price target being $3.75. In spite of this, 6 analysts ranked Coeur Mining Inc. stock as an Overweight at the end of 2023.


Please enter your comment!
Please enter your name here