Coeur Mining (NYSE:CDE) Stock Price Down 3.2%

Coeur Mining, Inc. (NYSE:CDE - Get Free Report) shares were down 3.2% on Monday . The stock traded as low as $5.12 and last traded at $5.12. Approximately 2,000,845 shares changed hands during mid-day trading, a decline of 73% from the average daily volume of 7,487,202 shares. The stock had previously closed at $5.29.

Wall Street Analyst Weigh In

CDE has been the topic of several recent analyst reports. Roth Mkm assumed coverage on shares of Coeur Mining in a research note on Tuesday, April 9th. They issued a "buy" rating and a $5.40 target price on the stock. Raymond James lifted their price target on Coeur Mining from $3.75 to $4.00 and gave the stock a "market perform" rating in a research report on Monday, April 8th. BMO Capital Markets raised Coeur Mining from a "market perform" rating to an "outperform" rating and boosted their price target for the company from $4.25 to $5.50 in a report on Friday, May 3rd. National Bank Financial reaffirmed an "outperform spec market weight" rating on shares of Coeur Mining in a research note on Monday, April 8th. Finally, Roth Capital reaffirmed a "buy" rating on shares of Coeur Mining in a report on Tuesday, April 9th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat.com, Coeur Mining currently has an average rating of "Moderate Buy" and an average target price of $4.36.

Coeur Mining Stock Down 2.0 %

The firm has a 50 day simple moving average of $4.13 and a two-hundred day simple moving average of $3.27. The stock has a market cap of $2.07 billion, a P/E ratio of -16.81 and a beta of 1.77. The company has a debt-to-equity ratio of 0.55, a quick ratio of 0.43 and a current ratio of 0.99.

Coeur Mining (NYSE:CDE - Get Free Report) last posted its quarterly earnings results on Wednesday, May 1st. The basic materials company reported ($0.05) earnings per share for the quarter, beating the consensus estimate of ($0.06) by $0.01. The firm had revenue of $213.10 million for the quarter, compared to analyst estimates of $203.43 million. Coeur Mining had a negative return on equity of 6.28% and a negative net margin of 12.77%. Coeur Mining's quarterly revenue was up 13.8% on a year-over-year basis. During the same period in the previous year, the firm earned ($0.11) earnings per share. Equities research analysts predict that Coeur Mining, Inc. will post 0.08 earnings per share for the current year.

Insider Activity

In related news, CAO Kenneth J. Watkinson sold 44,000 shares of the business's stock in a transaction that occurred on Friday, May 3rd. The shares were sold at an average price of $4.86, for a total transaction of $213,840.00. Following the completion of the sale, the chief accounting officer now directly owns 140,719 shares of the company's stock, valued at $683,894.34. The transaction was disclosed in a legal filing with the SEC, which is available at this link. In related news, CAO Kenneth J. Watkinson sold 44,000 shares of the firm's stock in a transaction on Friday, May 3rd. The shares were sold at an average price of $4.86, for a total value of $213,840.00. Following the completion of the transaction, the chief accounting officer now directly owns 140,719 shares of the company's stock, valued at $683,894.34. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Sebastian Edwards sold 20,000 shares of the business's stock in a transaction that occurred on Tuesday, May 7th. The stock was sold at an average price of $5.08, for a total value of $101,600.00. Following the sale, the director now owns 103,100 shares of the company's stock, valued at approximately $523,748. The disclosure for this sale can be found here. 1.56% of the stock is owned by company insiders.

Hedge Funds Weigh In On Coeur Mining

A number of hedge funds and other institutional investors have recently made changes to their positions in CDE. Vanguard Group Inc. lifted its stake in shares of Coeur Mining by 5.7% in the 3rd 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 during the period. Charles Schwab Investment Management Inc. grew its holdings in 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 worth $9,221,000 after purchasing an additional 274,878 shares during the period. Jupiter Asset Management Ltd. grew its holdings in 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 worth $22,746,000 after purchasing an additional 5,017,119 shares during the period. Assenagon Asset Management S.A. raised its holdings in shares of Coeur Mining by 1.7% during 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 during the period. Finally, Mirae Asset Global Investments Co. Ltd. boosted its position in shares of Coeur Mining by 22.0% during the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 9,457,720 shares of the basic materials company's stock worth $30,832,000 after purchasing an additional 1,702,840 shares in the last quarter. 63.01% of the stock is 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.

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