Coeur Mining (NYSE:CDE) Trading 1.5% Higher – Time to Buy?
by Michael Walen · The Markets DailyCoeur Mining, Inc. (NYSE:CDE – Get Free Report)’s stock price shot up 1.5% during mid-day trading on Wednesday . The stock traded as high as $20.12 and last traded at $19.0510. 34,644,572 shares were traded during mid-day trading, an increase of 17% from the average session volume of 29,614,871 shares. The stock had previously closed at $18.77.
Analyst Ratings Changes
A number of brokerages have recently commented on CDE. Royal Bank Of Canada lifted their target price on Coeur Mining from $22.00 to $26.00 and gave the stock an “outperform” rating in a report on Thursday, February 12th. BMO Capital Markets initiated coverage on Coeur Mining in a report on Wednesday, March 25th. They set an “outperform” rating and a $27.00 price target on the stock. Wall Street Zen upgraded Coeur Mining from a “hold” rating to a “buy” rating in a research report on Sunday, December 21st. Roth Mkm reaffirmed a “buy” rating and set a $29.00 price objective on shares of Coeur Mining in a research note on Thursday, February 19th. Finally, Weiss Ratings cut shares of Coeur Mining from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Friday, March 27th. Two research analysts have rated the stock with a Strong Buy rating, seven have issued a Buy rating, four have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $24.67.
Get Our Latest Analysis on CDE
Coeur Mining Stock Down 0.2%
The firm has a market cap of $12.23 billion, a PE ratio of 21.90 and a beta of 1.33. The company has a 50-day simple moving average of $21.89 and a 200-day simple moving average of $19.35. The company has a debt-to-equity ratio of 0.10, a current ratio of 2.47 and a quick ratio of 1.66.
Coeur Mining (NYSE:CDE – Get Free Report) last issued its quarterly earnings results on Wednesday, February 18th. The basic materials company reported $0.35 earnings per share for the quarter, missing the consensus estimate of $0.43 by ($0.08). Coeur Mining had a return on equity of 18.75% and a net margin of 28.31%.The business had revenue of $674.85 million during the quarter, compared to analysts’ expectations of $668.70 million. During the same quarter in the previous year, the company posted $0.11 earnings per share. The company’s quarterly revenue was up 120.9% compared to the same quarter last year. Analysts expect that Coeur Mining, Inc. will post 0.58 earnings per share for the current fiscal year.
Institutional Trading of Coeur Mining
Several institutional investors and hedge funds have recently made changes to their positions in the business. Up Capital Management Inc. bought a new position in shares of Coeur Mining in the fourth quarter worth about $228,000. Rockefeller Capital Management L.P. lifted its holdings in Coeur Mining by 0.9% during the 4th quarter. Rockefeller Capital Management L.P. now owns 122,722 shares of the basic materials company’s stock valued at $2,188,000 after buying an additional 1,142 shares in the last quarter. Sankala Group LLC purchased a new stake in Coeur Mining in the 4th quarter valued at about $140,000. Alpine Global Management LLC purchased a new stake in Coeur Mining in the 4th quarter valued at about $198,000. Finally, Ketron Financial bought a new position in Coeur Mining in the 4th quarter worth about $214,000. 63.01% of the stock is currently owned by institutional investors.
Coeur Mining Company Profile
Coeur Mining, Inc is a publicly traded precious metals mining company headquartered in Chicago, Illinois. The company specializes in the exploration, development and production of silver and gold deposits, with a focus on high-grade underground and open-pit operations. Through a combination of operating mines and advanced exploration projects, Coeur Mining seeks to deliver consistent production of silver and gold bullion while maintaining industry standards for safety, environmental stewardship and cost management.
Coeur Mining’s portfolio includes five principal operating mines and several exploration projects across North America and Australia.