Coeur Mining (NYSE:CDE) Trading Up 5.5% – Time to Buy?

by · The Markets Daily

Coeur Mining, Inc. (NYSE:CDE – Get Free Report) shares rose 5.5% during mid-day trading on Thursday . The stock traded as high as $16.99 and last traded at $16.8440. Approximately 4,395,769 shares changed hands during trading, a decline of 73% from the average daily volume of 16,507,479 shares. The stock had previously closed at $15.97.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on CDE. Weiss Ratings reissued a “buy (b-)” rating on shares of Coeur Mining in a research note on Monday. TD Cowen upgraded shares of Coeur Mining to a “strong-buy” rating in a research note on Monday, December 1st. TD Securities boosted their target price on shares of Coeur Mining from $23.00 to $25.00 and gave the stock a “buy” rating in a research report on Tuesday, November 11th. Cormark downgraded Coeur Mining from a “moderate buy” rating to a “hold” rating in a research report on Wednesday, October 29th. Finally, Wall Street Zen downgraded Coeur Mining from a “buy” rating to a “hold” rating in a research note on Saturday. Two equities research analysts have rated the stock with a Strong Buy rating, six have issued a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $16.32.

Check Out Our Latest Stock Analysis on CDE

Coeur Mining Stock Performance

The firm has a market capitalization of $11.03 billion, a price-to-earnings ratio of 26.02 and a beta of 1.33. The stock has a fifty day moving average price of $17.12 and a 200-day moving average price of $13.48. The company has a current ratio of 2.00, a quick ratio of 1.10 and a debt-to-equity ratio of 0.11.

Coeur Mining (NYSE:CDE – Get Free Report) last released its quarterly earnings results on Wednesday, October 29th. The basic materials company reported $0.23 EPS for the quarter, missing analysts’ consensus estimates of $0.25 by ($0.02). The business had revenue of $554.57 million for the quarter, compared to the consensus estimate of $511.20 million. Coeur Mining had a return on equity of 15.52% and a net margin of 24.03%.The firm’s revenue was up 76.9% on a year-over-year basis. During the same quarter last year, the company earned $0.12 earnings per share. As a group, analysts anticipate that Coeur Mining, Inc. will post 0.58 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of CDE. Savant Capital LLC grew its position in shares of Coeur Mining by 2.3% in the third quarter. Savant Capital LLC now owns 46,551 shares of the basic materials company’s stock valued at $873,000 after purchasing an additional 1,066 shares during the last quarter. Ameritas Investment Partners Inc. boosted its stake in Coeur Mining by 1.8% in the 2nd quarter. Ameritas Investment Partners Inc. now owns 65,416 shares of the basic materials company’s stock valued at $580,000 after purchasing an additional 1,183 shares during the period. Zacks Investment Management boosted its stake in Coeur Mining by 0.8% in the 3rd quarter. Zacks Investment Management now owns 165,988 shares of the basic materials company’s stock valued at $3,114,000 after purchasing an additional 1,246 shares during the period. Vise Technologies Inc. grew its holdings in Coeur Mining by 8.3% in the 3rd quarter. Vise Technologies Inc. now owns 16,300 shares of the basic materials company’s stock valued at $306,000 after buying an additional 1,255 shares in the last quarter. Finally, BFI Infinity Ltd. increased its position in Coeur Mining by 3.2% during the 2nd quarter. BFI Infinity Ltd. now owns 43,560 shares of the basic materials company’s stock worth $386,000 after buying an additional 1,355 shares during the period. 63.01% of the stock is currently owned by institutional investors.

Coeur Mining Company Profile

(Get Free Report)

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.

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