Coeur Mining (NYSE:CDE) Stock Price Up 2% - Here's What Happened

Key Points

• Shares of Coeur Mining were up 2%, trading as high as $19.06 and last at $18.97, with ~18.9 million shares changing hands—about 35% below the stock's average daily volume.
• Analyst sentiment is mixed: MarketBeat shows an average rating of "Moderate Buy" with an average price target of $24.67, alongside several downgrades but some bullish targets as high as $29 and RBC's $26 outperform view.
• Recent results missed EPS ($0.35 vs. $0.43 expected) but revenue jumped 120.9% year-over-year and the company reported a 28.31% net margin; Coeur has a $12.18 billion market cap and a P/E of 21.8.

Coeur Mining, Inc. (NYSE:CDE - Get Free Report)'s share price rose 2% on Tuesday . The stock traded as high as $19.06 and last traded at $18.97. Approximately 18,880,934 shares were traded during mid-day trading, a decline of 35% from the average daily volume of 29,212,416 shares. The stock had previously closed at $18.59.

Analyst Ratings Changes

CDE has been the subject of several research reports. Weiss Ratings downgraded Coeur Mining from a "buy (b-)" rating to a "hold (c+)" rating in a report on Friday, March 27th. Canaccord Genuity Group downgraded Coeur Mining from a "buy" rating to a "hold" rating in a report on Friday, February 20th. Zacks Research downgraded Coeur Mining from a "hold" rating to a "strong sell" rating in a report on Wednesday, April 1st. Royal Bank Of Canada boosted their target price on Coeur Mining from $22.00 to $26.00 and gave the company an "outperform" rating in a report on Thursday, February 12th. Finally, Roth Mkm restated a "buy" rating and issued a $29.00 price target on shares of Coeur Mining in a research report on Thursday, February 19th. Two analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, Coeur Mining currently has an average rating of "Moderate Buy" and an average price target of $24.67.

Coeur Mining Price Performance

The stock has a market cap of $12.18 billion, a price-to-earnings ratio of 21.80 and a beta of 1.33. The company has a 50-day moving average of $21.61 and a 200-day moving average of $19.43. The company has a debt-to-equity ratio of 0.10, a quick ratio of 1.66 and a current ratio of 2.47.

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 (EPS) for the quarter, missing the consensus estimate of $0.43 by ($0.08). The company had revenue of $674.85 million during the quarter, compared to analyst estimates of $668.70 million. Coeur Mining had a net margin of 28.31% and a return on equity of 18.75%. 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, equities research analysts predict that Coeur Mining, Inc. will post 0.58 earnings per share for the current year.

Hedge Funds Weigh In On Coeur Mining

Institutional investors have recently added to or reduced their stakes in the stock. Allworth Financial LP increased its position in Coeur Mining by 20.9% during the 4th quarter. Allworth Financial LP now owns 2,994 shares of the basic materials company's stock worth $53,000 after purchasing an additional 517 shares during the period. Baader Bank Aktiengesellschaft increased its position in Coeur Mining by 2.8% during the 4th quarter. Baader Bank Aktiengesellschaft now owns 34,090 shares of the basic materials company's stock worth $608,000 after purchasing an additional 935 shares during the period. Sound Income Strategies LLC increased its position in Coeur Mining by 99.2% during the 4th quarter. Sound Income Strategies LLC now owns 2,000 shares of the basic materials company's stock worth $36,000 after purchasing an additional 996 shares during the period. Savant Capital LLC increased its position in Coeur Mining by 2.3% during the 3rd quarter. Savant Capital LLC now owns 46,551 shares of the basic materials company's stock worth $873,000 after purchasing an additional 1,066 shares during the period. Finally, Rockefeller Capital Management L.P. increased its position 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 worth $2,188,000 after purchasing an additional 1,142 shares during the period. Institutional investors and hedge funds own 63.01% of the company's stock.

About Coeur Mining

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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