Coeur Mining (NYSE:CDE) Stock Price Up 6.7% – Should You Buy?

Coeur Mining, Inc. (NYSE:CDE)’s share price rose 6.7% on Monday . The stock traded as high as $6.42 and last traded at $6.44. Approximately 6,270,642 shares were traded during mid-day trading, a decline of 39% from the average daily volume of 10,259,549 shares. The stock had previously closed at $6.03.

Analyst Ratings Changes

CDE has been the subject of several research analyst reports. Cormark raised Coeur Mining to a “moderate buy” rating in a report on Thursday, February 20th. Raymond James raised Coeur Mining from a “market perform” rating to an “outperform” rating and lowered their price objective for the company from $8.75 to $8.25 in a report on Friday, February 21st. TD Cowen raised Coeur Mining to a “strong-buy” rating in a report on Tuesday, March 11th. BMO Capital Markets initiated coverage on Coeur Mining in a report on Tuesday, February 18th. They issued an “outperform” rating and a $9.00 price objective for the company. Finally, Roth Mkm lowered their price objective on Coeur Mining from $8.50 to $8.25 and set a “buy” rating for the company in a report on Friday, February 21st. One analyst has rated the stock with a hold rating, six have given a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Buy” and an average target price of $8.05.

Coeur Mining Price Performance

The company has a 50 day moving average of $6.17 and a two-hundred day moving average of $6.35. The firm has a market cap of $4.18 billion, a P/E ratio of 54.55 and a beta of 1.51. The company has a quick ratio of 0.39, a current ratio of 0.83 and a debt-to-equity ratio of 0.50.

Coeur Mining (NYSE:CDE) last released its quarterly earnings results on Wednesday, February 19th. The basic materials company reported $0.11 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.11. Coeur Mining had a return on equity of 6.59% and a net margin of 5.59%. The business had revenue of $305.40 million during the quarter, compared to analyst estimates of $314.32 million. Sell-side analysts expect that Coeur Mining, Inc. will post 0.58 EPS for the current year.

Insider Activity at Coeur Mining

In other Coeur Mining news, CFO Thomas S. Whelan acquired 10,000 shares of Coeur Mining stock in a transaction that occurred on Wednesday, February 26th. The stock was purchased at an average cost of $5.25 per share, with a total value of $52,500.00. Following the purchase, the chief financial officer now owns 668,450 shares in the company, valued at approximately $3,509,362.50. The trade was a 1.52 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 1.56% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Coeur Mining

Several hedge funds have recently bought and sold shares of the business. GAMMA Investing LLC raised its stake in shares of Coeur Mining by 139.8% during the 4th quarter. GAMMA Investing LLC now owns 5,761 shares of the basic materials company’s stock worth $33,000 after purchasing an additional 3,359 shares in the last quarter. Quarry LP raised its stake in shares of Coeur Mining by 853.8% in the 4th quarter. Quarry LP now owns 6,667 shares of the basic materials company’s stock valued at $38,000 after acquiring an additional 5,968 shares in the last quarter. Optiver Holding B.V. raised its stake in shares of Coeur Mining by 150.5% in the 4th quarter. Optiver Holding B.V. now owns 8,160 shares of the basic materials company’s stock valued at $47,000 after acquiring an additional 4,903 shares in the last quarter. FNY Investment Advisers LLC bought a new position in shares of Coeur Mining in the 4th quarter valued at approximately $57,000. Finally, DRW Securities LLC bought a new position in shares of Coeur Mining in the 4th quarter valued at approximately $60,000. 63.01% of the stock is owned by hedge funds and other institutional investors.

Coeur Mining Company Profile

Coeur Mining, Inc explores for precious metals in the United States, Canada, and Mexico. The company primarily explores for gold, silver, zinc, and lead properties. It markets and sells its concentrates to third-party customers, smelters, under off-take agreements. The company was formerly known as Coeur d'Alene Mines Corporation and changed its name to Coeur Mining, Inc in May 2013.