Coeur Mining (NYSE:CDE) Shares Down 4.6% – What’s Next?

Coeur Mining, Inc. (NYSE:CDE) fell 4.6% during mid-day trading on Tuesday . The company traded as low as $5.66 and last traded at $5.65. 7,269,916 shares traded hands during mid-day trading, a decline of 34% from the average session volume of 11,033,589 shares. The stock had previously closed at $5.92.

Analyst Ratings Changes

A number of equities analysts recently weighed in on the company. National Bank Financial upgraded Coeur Mining to a “strong-buy” rating in a research report on Friday, March 21st. Raymond James upgraded shares of Coeur Mining from a “market perform” rating to an “outperform” rating and reduced their price target for the company from $8.75 to $8.25 in a research report on Friday, February 21st. BMO Capital Markets assumed coverage on Coeur Mining in a research note on Tuesday, February 18th. They issued an “outperform” rating and a $9.00 price objective for the company. Roth Mkm lowered their target price on Coeur Mining from $8.50 to $8.25 and set a “buy” rating on the stock in a research note on Friday, February 21st. Finally, TD Cowen upgraded Coeur Mining to a “strong-buy” rating in a report on Tuesday, March 11th. One research analyst has rated the stock with a hold rating, six have assigned a buy rating and three have given a strong buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Buy” and an average target price of $8.05.

Coeur Mining Stock Performance

The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.39 and a current ratio of 0.83. The stock’s 50-day simple moving average is $6.14 and its two-hundred day simple moving average is $6.37. The stock has a market cap of $3.50 billion, a price-to-earnings ratio of 45.71 and a beta of 1.51.

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

Insider Buying and Selling

In related news, CFO Thomas S. Whelan acquired 10,000 shares of the stock in a transaction dated Wednesday, February 26th. The shares were bought at an average cost of $5.25 per share, for a total transaction 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. This trade represents a 1.52 % increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Company insiders own 1.56% of the company’s stock.

Institutional Trading of Coeur Mining

Several large investors have recently added to or reduced their stakes in the company. JPMorgan Chase & Co. raised its position in Coeur Mining by 88.3% in the 3rd quarter. JPMorgan Chase & Co. now owns 1,418,716 shares of the basic materials company’s stock worth $9,761,000 after purchasing an additional 665,452 shares during the last quarter. XTX Topco Ltd bought a new position in shares of Coeur Mining in the 3rd quarter worth $1,311,000. BNP Paribas Financial Markets grew its stake in shares of Coeur Mining by 180.7% during the third quarter. BNP Paribas Financial Markets now owns 310,577 shares of the basic materials company’s stock worth $2,137,000 after purchasing an additional 199,919 shares during the period. US Bancorp DE lifted its stake in Coeur Mining by 595.5% in the fourth quarter. US Bancorp DE now owns 87,962 shares of the basic materials company’s stock valued at $503,000 after buying an additional 75,314 shares during the period. Finally, Contravisory Investment Management Inc. acquired a new stake in shares of Coeur Mining in the 4th quarter valued at approximately $267,000. 63.01% of the stock is owned by 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.