Coeur Mining (NYSE:CDE) Trading Down 2.6%

Shares of Coeur Mining, Inc. (NYSE:CDE - Get Free Report) traded down 2.6% on Monday . The company traded as low as $4.70 and last traded at $4.81. 1,584,388 shares were traded during trading, a decline of 79% from the average session volume of 7,529,402 shares. The stock had previously closed at $4.94.

Wall Street Analyst Weigh In

A number of equities analysts have commented on the company. Roth Capital reissued a "buy" rating on shares of Coeur Mining in a research note 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 company a "market perform" rating in a research report on Wednesday, April 10th. Raymond James upped their target price 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. National Bank Financial reissued an "outperform spec market weight" rating on shares of Coeur Mining in a report on Monday, April 8th. Finally, Roth Mkm began coverage on Coeur Mining in a report on Tuesday, April 9th. They set a "buy" rating and a $5.40 price objective on the stock. One investment 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. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $4.21.

Coeur Mining Stock Down 0.6 %

The business's fifty day simple moving average is $3.66 and its 200 day simple moving average is $3.10. The stock has a market cap of $1.91 billion, a price-to-earnings ratio of -15.84 and a beta of 1.82. The company has a current ratio of 0.92, a quick ratio of 0.38 and a debt-to-equity ratio of 0.51.

Coeur Mining (NYSE:CDE - Get Free Report) last posted its quarterly earnings results on Wednesday, February 21st. The basic materials company reported ($0.02) earnings per share (EPS) for the quarter. The company had revenue of $262.10 million during the quarter. Coeur Mining had a negative return on equity of 7.79% and a negative net margin of 12.62%. Equities analysts forecast that Coeur Mining, Inc. will post -0.04 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Coeur Mining

Several institutional investors have recently modified their holdings of CDE. Atria Wealth Solutions Inc. bought a new stake in shares of Coeur Mining in the 4th quarter valued at $33,000. Ballentine Partners LLC acquired a new position in Coeur Mining in the first quarter valued at about $46,000. Forum Financial Management LP bought a new stake in shares of Coeur Mining in the fourth quarter worth about $40,000. &PARTNERS acquired a new stake in shares of Coeur Mining during the first quarter worth about $54,000. Finally, Marotta Asset Management lifted its holdings in shares of Coeur Mining by 50.0% during the 1st quarter. Marotta Asset Management now owns 15,000 shares of the basic materials company's stock valued at $57,000 after purchasing an additional 5,000 shares in the last quarter. 63.01% of the stock is currently owned by institutional investors and hedge funds.

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.