Coeur Mining (NYSE:CDE) Stock Price Up 4.2% - What's Next?

Key Points

• Shares jumped 4.2% mid-day to about $21.17 (intraday high $21.47) on Tuesday while volume was roughly 15.26M shares, down ~46% from the average; the stock sits near its 50‑day MA of $21.26 and above the 200‑day MA of $19.50.
• Analysts hold a consensus of "Moderate Buy" with an average price target of $24.67, reflecting mixed views (2 Strong Buy, 7 Buy, 4 Hold, 1 Sell) and several recent new coverage/outperform ratings.
• Coeur missed EPS estimates last quarter ($0.35 vs. $0.43) even as revenue surged 120.9% YoY to $674.85M; the company has a market cap of $13.59B, a healthy liquidity profile (current ratio 2.47) and low leverage (debt/equity 0.10), with institutions owning ~63% of the shares.

Coeur Mining, Inc. (NYSE:CDE - Get Free Report)'s stock price was up 4.2% during mid-day trading on Tuesday . The stock traded as high as $21.47 and last traded at $21.17. Approximately 15,257,605 shares traded hands during mid-day trading, a decline of 46% from the average daily volume of 28,354,979 shares. The stock had previously closed at $20.31.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on the company. Roth Mkm reissued a "buy" rating and set a $29.00 price objective on shares of Coeur Mining in a research report on Thursday, February 19th. Weiss Ratings downgraded Coeur Mining from a "buy (b-)" rating to a "hold (c+)" rating in a research report on Friday, March 27th. BMO Capital Markets initiated coverage on Coeur Mining in a report on Wednesday, March 25th. They set an "outperform" rating and a $27.00 price target for the company. Canadian Imperial Bank of Commerce began coverage on shares of Coeur Mining in a research note on Tuesday, March 10th. They issued an "outperform" rating and a $40.00 price objective on the stock. Finally, Canaccord Genuity Group downgraded shares of Coeur Mining from a "buy" rating to a "hold" rating in a report on Friday, February 20th. Two analysts have rated the stock with a Strong Buy rating, seven have assigned a Buy rating, four have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $24.67.

Coeur Mining Stock Performance

The company has a current ratio of 2.47, a quick ratio of 1.66 and a debt-to-equity ratio of 0.10. The stock has a fifty day moving average price of $21.26 and a 200-day moving average price of $19.50. The firm has a market capitalization of $13.59 billion, a price-to-earnings ratio of 24.33 and a beta of 1.33.

Coeur Mining (NYSE:CDE - Get Free Report) last announced 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). Coeur Mining had a net margin of 28.31% and a return on equity of 18.75%. The company had revenue of $674.85 million during the quarter, compared to analyst estimates of $668.70 million. During the same period in the prior year, the firm earned $0.11 EPS. Coeur Mining's quarterly revenue was up 120.9% compared to the same quarter last year. As a group, analysts anticipate that Coeur Mining, Inc. will post 0.58 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Coeur Mining

Large investors have recently made changes to their positions in the company. Voya Investment Management LLC grew its stake in Coeur Mining by 246.5% during the third quarter. Voya Investment Management LLC now owns 608,227 shares of the basic materials company's stock worth $11,410,000 after buying an additional 432,683 shares during the last quarter. Moody Aldrich Partners LLC bought a new position in shares of Coeur Mining in the third quarter valued at approximately $5,768,000. Precision Wealth Strategies LLC bought a new position in shares of Coeur Mining in the third quarter valued at approximately $1,169,000. Allspring Global Investments Holdings LLC boosted its holdings in shares of Coeur Mining by 29.5% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 2,368,071 shares of the basic materials company's stock worth $44,709,000 after acquiring an additional 539,615 shares in the last quarter. Finally, Sprott Inc. boosted its holdings in shares of Coeur Mining by 2.0% in the 3rd quarter. Sprott Inc. now owns 9,208,046 shares of the basic materials company's stock worth $172,743,000 after acquiring an additional 176,388 shares in the last quarter. Institutional investors 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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