Coeur Mining (NYSE:CDE) Stock Price Up 8%

Coeur Mining, Inc. (NYSE:CDE - Get Free Report)'s stock price rose 8% on Tuesday . The stock traded as high as $4.60 and last traded at $4.60. Approximately 4,918,720 shares changed hands during mid-day trading, a decline of 35% from the average daily volume of 7,573,546 shares. The stock had previously closed at $4.26.

Analysts Set New Price Targets

CDE has been the subject of several recent analyst reports. Roth Mkm initiated coverage on shares of Coeur Mining in a research report on Tuesday, April 9th. They set a "buy" rating and a $5.40 price objective for the company. National Bank Financial restated an "outperform spec market weight" rating on shares of Coeur Mining in a research report on Monday, April 8th. Roth Capital restated a "buy" rating on shares of Coeur Mining in a research report on Tuesday, April 9th. BMO Capital Markets raised their price objective on shares of Coeur Mining from $3.50 to $4.25 and gave the stock a "market perform" rating in a research report on Wednesday, April 10th. Finally, Raymond James raised their price objective on shares of Coeur Mining from $3.75 to $4.00 and gave the stock a "market perform" rating in a research report on Monday, April 8th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and seven have assigned a buy rating to the company's stock. Based on data from MarketBeat, Coeur Mining currently has an average rating of "Moderate Buy" and an average target price of $4.21.

Coeur Mining Trading Up 8.3 %

The firm has a market capitalization of $1.80 billion, a price-to-earnings ratio of -14.89 and a beta of 1.82. The business's 50-day simple moving average is $3.53 and its two-hundred day simple moving average is $3.05. The company has a quick ratio of 0.38, a current ratio of 0.92 and a debt-to-equity ratio of 0.51.

Coeur Mining (NYSE:CDE - Get Free Report) last announced its quarterly earnings results on Wednesday, February 21st. The basic materials company reported ($0.02) earnings per share for the quarter. Coeur Mining had a negative net margin of 12.62% and a negative return on equity of 7.79%. The company had revenue of $262.10 million for the quarter.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the business. Vanguard Group Inc. grew its holdings in shares of Coeur Mining by 5.7% in the third quarter. Vanguard Group Inc. now owns 31,864,964 shares of the basic materials company's stock valued at $70,740,000 after purchasing an additional 1,716,929 shares in the last quarter. Charles Schwab Investment Management Inc. grew its holdings in shares of Coeur Mining by 7.1% in the third quarter. Charles Schwab Investment Management Inc. now owns 4,153,752 shares of the basic materials company's stock valued at $9,221,000 after purchasing an additional 274,878 shares in the last quarter. Jupiter Asset Management Ltd. grew its holdings in shares of Coeur Mining by 95.9% in the third quarter. Jupiter Asset Management Ltd. now owns 10,246,050 shares of the basic materials company's stock valued at $22,746,000 after purchasing an additional 5,017,119 shares in the last quarter. Assenagon Asset Management S.A. grew its holdings in shares of Coeur Mining by 1.7% in the fourth quarter. Assenagon Asset Management S.A. now owns 247,169 shares of the basic materials company's stock valued at $806,000 after purchasing an additional 4,175 shares in the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. grew its holdings in shares of Coeur Mining by 22.0% in the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 9,457,720 shares of the basic materials company's stock valued at $30,832,000 after purchasing an additional 1,702,840 shares in the last quarter. Institutional investors and hedge funds own 63.01% of the company's stock.

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.