Coeur Mining (NYSE:CDE) Stock Price Down 5.3% - What's Next?

Coeur Mining, Inc. (NYSE:CDE - Get Free Report) fell 5.3% during mid-day trading on Tuesday . The company traded as low as $9.18 and last traded at $8.99. 774,918 shares traded hands during trading, a decline of 94% from the average session volume of 13,175,410 shares. The stock had previously closed at $9.49.

Wall Street Analysts Forecast Growth

CDE has been the topic of a number of recent analyst reports. National Bank Financial raised Coeur Mining to a "strong-buy" rating in a research note on Thursday, June 12th. Raymond James Financial restated an "outperform" rating and set a $8.50 price objective on shares of Coeur Mining in a report on Wednesday, April 2nd. National Bankshares set a $12.00 price objective on Coeur Mining in a report on Friday, June 13th. TD Cowen upgraded Coeur Mining to a "strong-buy" rating in a report on Tuesday, March 11th. Finally, Roth Capital restated a "buy" rating and set a $12.00 price objective (up previously from $10.00) on shares of Coeur Mining in a report on Tuesday, July 1st. One analyst has rated the stock with a hold rating, six have issued a buy rating and three have assigned a strong buy rating to the company's stock. According to MarketBeat.com, the stock presently has a consensus rating of "Buy" and a consensus target price of $9.21.

Coeur Mining Stock Down 6.7%

The company has a current ratio of 1.93, a quick ratio of 0.62 and a debt-to-equity ratio of 0.17. The firm has a market capitalization of $5.66 billion, a PE ratio of 34.04 and a beta of 1.32. The firm has a 50-day moving average of $8.12 and a two-hundred day moving average of $6.75.

Coeur Mining (NYSE:CDE - Get Free Report) last issued its earnings results on Wednesday, May 7th. The basic materials company reported $0.11 earnings per share for the quarter, topping the consensus estimate of ($0.01) by $0.12. Coeur Mining had a return on equity of 9.96% and a net margin of 10.11%. During the same period last year, the company posted ($0.05) EPS. The firm's quarterly revenue was up 69.0% on a year-over-year basis. On average, equities research analysts forecast that Coeur Mining, Inc. will post 0.58 EPS for the current year.

Insider Buying and Selling at Coeur Mining

In other Coeur Mining news, CAO Kenneth J. Watkinson sold 12,350 shares of the firm's stock in a transaction dated Friday, May 9th. The stock was sold at an average price of $7.40, for a total value of $91,390.00. Following the transaction, the chief accounting officer directly owned 122,104 shares of the company's stock, valued at $903,569.60. This trade represents a 9.19% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Eduardo Luna sold 17,160 shares of the firm's stock in a transaction dated Wednesday, May 21st. The shares were sold at an average price of $7.83, for a total value of $134,362.80. Following the completion of the transaction, the director directly owned 101,841 shares in the company, valued at $797,415.03. This trade represents a 14.42% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 90,061 shares of company stock valued at $667,775 over the last three months. 1.56% of the stock is owned by company insiders.

Institutional Trading of Coeur Mining

A number of hedge funds and other institutional investors have recently modified their holdings of CDE. MAI Capital Management purchased a new stake in shares of Coeur Mining during the first quarter worth about $25,000. Summer Road LLC purchased a new stake in shares of Coeur Mining during the first quarter worth about $28,000. 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 during the last quarter. Quarry LP increased its position 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 last quarter. Finally, Optiver Holding B.V. increased its position in shares of Coeur Mining by 150.5% during the fourth quarter. Optiver Holding B.V. now owns 8,160 shares of the basic materials company's stock worth $47,000 after acquiring an additional 4,903 shares during the last quarter. 63.01% of the stock is owned by hedge funds and other institutional investors.

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.