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

Key Points

• Coeur Mining's stock price fell by 4.6% to $18.00, significantly below its average daily trading volume, reflecting cautious investor sentiment.
• Analysts have set new target prices for Coeur Mining, with BMO Capital Markets upgrading their target from $11.00 to $12.00 and a general consensus rating of "Buy".
• Coeur Mining reported a quarterly revenue increase of 116.5% compared to the previous year, reflecting robust financial performance despite recent stock price declines.

Coeur Mining, Inc. (NYSE:CDE - Get Free Report)'s share price was down 4.6% during trading on Thursday . The stock traded as low as $18.34 and last traded at $18.00. Approximately 2,703,165 shares were traded during mid-day trading, a decline of 84% from the average daily volume of 16,434,000 shares. The stock had previously closed at $18.88.

Analysts Set New Price Targets

CDE has been the subject of several research reports. National Bankshares set a $12.00 target price on Coeur Mining in a report on Friday, June 13th. BMO Capital Markets upped their target price on Coeur Mining from $11.00 to $12.00 and gave the stock an "outperform" rating in a report on Thursday, August 7th. National Bank Financial upgraded Coeur Mining to a "strong-buy" rating in a report on Thursday, June 12th. Roth Capital reiterated a "buy" rating and issued a $13.00 target price on shares of Coeur Mining in a report on Thursday, August 7th. Finally, Zacks Research upgraded Coeur Mining to a "hold" rating in a report on Tuesday, August 12th. Three investment analysts have rated the stock with a Strong Buy rating, six have given a Buy rating and one has given a Hold rating to the company's stock. Based on data from MarketBeat, Coeur Mining has an average rating of "Buy" and a consensus price target of $9.79.

Coeur Mining Stock Down 2.4%

The company has a debt-to-equity ratio of 0.12, a quick ratio of 0.60 and a current ratio of 1.61. The stock has a market capitalization of $11.85 billion, a PE ratio of 49.80 and a beta of 1.22. The business has a 50 day moving average of $13.36 and a two-hundred day moving average of $9.51.

Coeur Mining (NYSE:CDE - Get Free Report) last issued its quarterly earnings data on Wednesday, August 6th. The basic materials company reported $0.20 earnings per share for the quarter, topping analysts' consensus estimates of $0.18 by $0.02. The firm had revenue of $480.65 million during the quarter, compared to analysts' expectations of $438.40 million. Coeur Mining had a return on equity of 14.38% and a net margin of 13.06%.The firm's quarterly revenue was up 116.5% on a year-over-year basis. During the same period in the prior year, the business posted ($0.01) EPS. Analysts predict that Coeur Mining, Inc. will post 0.58 EPS for the current year.

Insider Buying and Selling

In other Coeur Mining news, SVP Casey M. Nault sold 102,257 shares of the stock in a transaction dated Friday, August 22nd. The stock was sold at an average price of $12.00, for a total value of $1,227,084.00. Following the completion of the sale, the senior vice president directly owned 568,623 shares in the company, valued at approximately $6,823,476. This trade represents a 15.24% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, SVP Aoife Mcgrath sold 8,000 shares of the stock in a transaction dated Tuesday, August 12th. The shares were sold at an average price of $11.69, for a total value of $93,520.00. Following the completion of the sale, the senior vice president owned 203,318 shares of the company's stock, valued at approximately $2,376,787.42. This trade represents a 3.79% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 516,619 shares of company stock valued at $6,626,362 in the last 90 days. 1.50% of the stock is owned by insiders.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the company. Vanguard Group Inc. raised its stake in shares of Coeur Mining by 57.3% in the first quarter. Vanguard Group Inc. now owns 64,003,856 shares of the basic materials company's stock worth $378,903,000 after purchasing an additional 23,303,638 shares during the last quarter. Dimensional Fund Advisors LP raised its stake in shares of Coeur Mining by 26.8% in the first quarter. Dimensional Fund Advisors LP now owns 21,751,422 shares of the basic materials company's stock worth $128,774,000 after purchasing an additional 4,594,097 shares during the last quarter. Tidal Investments LLC raised its stake in shares of Coeur Mining by 55.3% in the second quarter. Tidal Investments LLC now owns 20,734,671 shares of the basic materials company's stock worth $183,709,000 after purchasing an additional 7,382,955 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in shares of Coeur Mining by 72.5% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 18,040,649 shares of the basic materials company's stock worth $106,801,000 after purchasing an additional 7,579,901 shares during the last quarter. Finally, Geode Capital Management LLC raised its stake in shares of Coeur Mining by 2.0% in the second quarter. Geode Capital Management LLC now owns 14,979,134 shares of the basic materials company's stock worth $132,732,000 after purchasing an additional 288,626 shares during the last quarter. 63.01% of the stock is currently owned by hedge funds and other institutional investors.

Coeur Mining Company Profile

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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