Coeur Mining (NYSE:CDE) Trading Down 4.6% - What's Next?

Coeur Mining, Inc. (NYSE:CDE - Get Free Report)'s share price traded down 4.6% during mid-day trading on Tuesday . The stock traded as low as $5.46 and last traded at $5.44. 5,049,917 shares traded hands during trading, a decline of 56% from the average session volume of 11,571,240 shares. The stock had previously closed at $5.70.

Wall Street Analyst Weigh In

Several brokerages have recently commented on CDE. TD Cowen upgraded shares of Coeur Mining to a "strong-buy" rating in a research note on Tuesday, March 11th. TD Securities assumed coverage on shares of Coeur Mining in a report on Tuesday, March 11th. They set a "buy" rating and a $7.00 price objective for the company. Roth Mkm reduced their target price on Coeur Mining from $8.50 to $8.25 and set a "buy" rating on the stock in a report on Friday, February 21st. National Bank Financial raised Coeur Mining to a "strong-buy" rating in a report on Friday, March 21st. Finally, Cormark raised Coeur Mining to a "moderate buy" rating in a research note on Thursday, February 20th. One investment analyst has rated the stock with a hold rating, five have assigned a buy rating and three have issued a strong buy rating to the company's stock. According to MarketBeat, Coeur Mining has an average rating of "Buy" and an average target price of $8.10.

Coeur Mining Stock Performance

The firm has a fifty day moving average of $5.72 and a 200-day moving average of $6.20. The company has a quick ratio of 0.39, a current ratio of 0.83 and a debt-to-equity ratio of 0.50. The firm has a market cap of $3.57 billion, a P/E ratio of 46.46 and a beta of 1.35.

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

Insider Activity at Coeur Mining

In other news, CFO Thomas S. Whelan acquired 10,000 shares of Coeur Mining stock in a transaction that occurred on Wednesday, February 26th. The shares were acquired at an average price of $5.25 per share, with a total value of $52,500.00. Following the purchase, the chief financial officer now directly owns 668,450 shares of the company's stock, valued at $3,509,362.50. The trade was a 1.52 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 1.56% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. GAMMA Investing LLC grew its position in shares of Coeur Mining by 139.8% in the 4th quarter. GAMMA Investing LLC now owns 5,761 shares of the basic materials company's stock valued at $33,000 after purchasing an additional 3,359 shares during the period. City State Bank increased its position in shares of Coeur Mining by 56.9% during the first quarter. City State Bank now owns 6,274 shares of the basic materials company's stock worth $37,000 after acquiring an additional 2,274 shares in the last quarter. Quarry LP raised its holdings in shares of Coeur Mining by 853.8% during the fourth quarter. Quarry LP now owns 6,667 shares of the basic materials company's stock worth $38,000 after acquiring an additional 5,968 shares during the period. Optiver Holding B.V. lifted its position in Coeur Mining by 150.5% in the 4th quarter. Optiver Holding B.V. now owns 8,160 shares of the basic materials company's stock valued at $47,000 after acquiring an additional 4,903 shares in the last quarter. Finally, FNY Investment Advisers LLC bought a new position in Coeur Mining during the 4th quarter worth about $57,000. 63.01% of the stock is owned by institutional investors and hedge funds.

About Coeur Mining

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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