Coeur Mining (NYSE:CDE) Stock Price Up 6.3%

Coeur Mining, Inc. (NYSE:CDE – Get Rating)’s share price rose 6.3% during mid-day trading on Monday . The stock traded as high as $3.10 and last traded at $3.03. Approximately 2,532,826 shares traded hands during trading, a decline of 46% from the average daily volume of 4,718,590 shares. The stock had previously closed at $2.85.

Wall Street Analysts Forecast Growth

CDE has been the subject of several research reports. Cormark cut their price target on Coeur Mining to $3.00 in a report on Wednesday, November 16th. Canaccord Genuity Group upgraded Coeur Mining from a “sell” rating to a “hold” rating and increased their price objective for the stock from $3.00 to $4.00 in a research report on Thursday, January 19th. BMO Capital Markets lowered their price objective on Coeur Mining from $3.75 to $3.50 and set a “market perform” rating on the stock in a research report on Friday, December 16th. Finally, Raymond James increased their price objective on Coeur Mining from $4.00 to $4.25 and gave the stock a “market perform” rating in a research report on Tuesday, January 31st. One equities research analyst has rated the stock with a sell rating and five have issued a hold rating to the company. Based on data from MarketBeat.com, Coeur Mining currently has an average rating of “Hold” and an average target price of $3.65.

Coeur Mining Stock Down 0.3 %

The company has a debt-to-equity ratio of 0.55, a current ratio of 1.37 and a quick ratio of 0.71. The company has a market cap of $889.88 million, a P/E ratio of -10.38 and a beta of 1.52. The stock has a 50-day moving average of $3.50 and a 200 day moving average of $3.42.

Coeur Mining (NYSE:CDE – Get Rating) last issued its quarterly earnings results on Wednesday, February 22nd. The basic materials company reported ($0.06) EPS for the quarter, topping analysts’ consensus estimates of ($0.07) by $0.01. Coeur Mining had a negative return on equity of 10.28% and a negative net margin of 9.95%. The company had revenue of $210.12 million for the quarter, compared to analysts’ expectations of $204.82 million. During the same quarter last year, the business earned ($0.05) earnings per share. Coeur Mining’s revenue was up 1.1% on a year-over-year basis. Research analysts anticipate that Coeur Mining, Inc. will post -0.1 earnings per share for the current year.

Insider Buying and Selling

In related news, Director Randy Gress purchased 20,000 shares of the firm’s stock in a transaction that occurred on Friday, February 24th. The shares were bought at an average price of $2.93 per share, for a total transaction of $58,600.00. Following the completion of the transaction, the director now owns 205,213 shares of the company’s stock, valued at $601,274.09. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 1.61% of the stock is owned by company insiders.

Institutional Trading of Coeur Mining

Several large investors have recently bought and sold shares of the business. OLD Mission Capital LLC boosted its stake in Coeur Mining by 97.2% in the fourth quarter. OLD Mission Capital LLC now owns 97,891 shares of the basic materials company’s stock valued at $329,000 after buying an additional 48,252 shares in the last quarter. Point72 Middle East FZE acquired a new stake in Coeur Mining in the fourth quarter valued at about $36,000. CI Private Wealth LLC acquired a new stake in Coeur Mining in the fourth quarter valued at about $39,000. Moneta Group Investment Advisors LLC boosted its stake in Coeur Mining by 99,607.1% in the fourth quarter. Moneta Group Investment Advisors LLC now owns 170,843,155 shares of the basic materials company’s stock valued at $574,033,000 after buying an additional 170,671,810 shares in the last quarter. Finally, Virtu Financial LLC acquired a new stake in Coeur Mining in the fourth quarter valued at about $254,000. 64.76% of the stock is owned by institutional investors and hedge funds.

Coeur Mining Company Profile

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Coeur Mining, Inc engages in the exploration and development of silver and gold mining properties and mines located in United States, Canada and Mexico. It operates through the following segments: Palmarejo. Rochester, Kensington, and Wharf. The Palmarejo segment includes a gold-silver complex. The Rochester segment operates an open pit heap leach silver-gold mine located in northwestern Nevada.