Coeur Mining (NYSE:CDE) Shares Down 5.4%

Coeur Mining, Inc. (NYSE:CDE - Get Free Report)'s stock price was down 5.4% during mid-day trading on Thursday . The company traded as low as $4.35 and last traded at $4.37. Approximately 7,693,367 shares were traded during trading, an increase of 13% from the average daily volume of 6,793,830 shares. The stock had previously closed at $4.62.

Analyst Ratings Changes

A number of research analysts have recently issued reports on CDE shares. Raymond James reduced their price objective on Coeur Mining from $4.00 to $3.75 and set a "market perform" rating on the stock in a research note on Thursday, February 22nd. National Bank Financial reaffirmed an "outperform spec market weight" rating on shares of Coeur Mining in a research note on Wednesday, January 3rd. One research analyst has rated the stock with a sell rating, two have issued a hold rating and five have given a buy rating to the company's stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $3.79.

Coeur Mining Stock Down 6.1 %

The company has a debt-to-equity ratio of 0.51, a current ratio of 0.92 and a quick ratio of 0.38. The company has a market capitalization of $1.68 billion, a P/E ratio of -14.00 and a beta of 1.82. The company has a 50 day moving average of $3.02 and a 200-day moving average of $2.81.

Coeur Mining (NYSE:CDE - Get Free Report) last issued its quarterly earnings data on Wednesday, February 21st. The basic materials company reported ($0.02) EPS for the quarter. Coeur Mining had a negative return on equity of 7.79% and a negative net margin of 12.62%. The company had revenue of $262.10 million during the quarter. As a group, equities analysts anticipate that Coeur Mining, Inc. will post -0.05 EPS for the current year.

Hedge Funds Weigh In On Coeur Mining

Large investors have recently made changes to their positions in the business. Atria Wealth Solutions Inc. bought a new stake in shares of Coeur Mining during the fourth quarter valued at approximately $33,000. Alberta Investment Management Corp bought a new stake in shares of Coeur Mining during the second quarter valued at approximately $29,000. US Bancorp DE increased its position in shares of Coeur Mining by 1,742.5% during the fourth quarter. US Bancorp DE now owns 10,355 shares of the basic materials company's stock valued at $34,000 after acquiring an additional 9,793 shares in the last quarter. Virtu Financial LLC bought a new stake in Coeur Mining in the 4th quarter worth approximately $34,000. Finally, First Trust Advisors LP bought a new stake in Coeur Mining in the 4th quarter worth approximately $35,000. 63.01% of the stock is currently 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.