Coeur Mining (NYSE:CDE) Shares Up 2.5% - Still a Buy?

Key Points

• Shares rose 2.5% to about $20.22 on Friday (intraday high $20.32), with volume around 17.9M shares—roughly 38% below the average session volume.
• Analysts are mixed: MarketBeat shows a consensus "Moderate Buy" with an average price target of $24.67 (2 Strong Buy, 7 Buy, 4 Hold, 1 Sell), and recent notes include both upgrades and downgrades.
• Recent results and fundamentals: Q4 EPS of $0.35 missed estimates ($0.43) while revenue of $674.9M topped expectations; the company has a market cap near $13B, a P/E of 23.2, low debt-to-equity (0.10) and healthy liquidity ratios.

Coeur Mining, Inc. (NYSE:CDE - Get Free Report)'s share price shot up 2.5% on Friday . The stock traded as high as $20.32 and last traded at $20.2210. 17,867,545 shares traded hands during mid-day trading, a decline of 38% from the average session volume of 28,784,900 shares. The stock had previously closed at $19.72.

Analysts Set New Price Targets

Several research firms recently weighed in on CDE. Weiss Ratings downgraded shares of Coeur Mining from a "buy (b-)" rating to a "hold (c+)" rating in a report on Friday, March 27th. ATB Cormark Capital Markets upgraded shares of Coeur Mining from a "hold" rating to a "moderate buy" rating in a research note on Tuesday, March 24th. Roth Mkm restated a "buy" rating and issued a $29.00 price target on shares of Coeur Mining in a research note on Thursday, February 19th. Canaccord Genuity Group downgraded shares of Coeur Mining from a "buy" rating to a "hold" rating in a research note on Friday, February 20th. Finally, Zacks Research downgraded shares of Coeur Mining from a "hold" rating to a "strong sell" rating in a research note on Wednesday, April 1st. Two analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating, four have given a Hold rating and one has given a Sell rating to the company's stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $24.67.

Coeur Mining Trading Up 2.5%

The company's 50 day simple moving average is $21.26 and its 200 day simple moving average is $19.44. The firm has a market cap of $12.98 billion, a price-to-earnings ratio of 23.24 and a beta of 1.33. 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 posted its quarterly earnings results on Wednesday, February 18th. The basic materials company reported $0.35 EPS for the quarter, missing the consensus estimate of $0.43 by ($0.08). The business had revenue of $674.85 million during the quarter, compared to analyst estimates of $668.70 million. Coeur Mining had a return on equity of 18.75% and a net margin of 28.31%.The business's revenue was up 120.9% on a year-over-year basis. During the same quarter last year, the firm earned $0.11 EPS. As a group, research analysts expect that Coeur Mining, Inc. will post 0.58 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Coeur Mining

Institutional investors and hedge funds have recently modified their holdings of the company. Triumph Capital Management grew its stake in shares of Coeur Mining by 300.0% during the fourth quarter. Triumph Capital Management now owns 1,600 shares of the basic materials company's stock worth $29,000 after purchasing an additional 1,200 shares in the last quarter. Kingdom Financial Group LLC. acquired a new position in shares of Coeur Mining during the fourth quarter worth $32,000. JPL Wealth Management LLC acquired a new position in shares of Coeur Mining during the third quarter worth $35,000. Covestor Ltd grew its stake in shares of Coeur Mining by 7,011.5% during the third quarter. Covestor Ltd now owns 1,849 shares of the basic materials company's stock worth $35,000 after purchasing an additional 1,823 shares in the last quarter. Finally, Kemnay Advisory Services Inc. acquired a new position in shares of Coeur Mining during the fourth quarter worth $33,000. Institutional investors and hedge funds own 63.01% of the company's stock.

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.

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