Coeur Mining (NYSE:CDE) Sees Large Volume Increase

Shares of Coeur Mining, Inc. (NYSE:CDE - Get Free Report) saw unusually-high trading volume on Monday . Approximately 4,977,815 shares changed hands during mid-day trading, a decline of 28% from the previous session's volume of 6,945,061 shares.The stock last traded at $4.57 and had previously closed at $4.87.

Analysts Set New Price Targets

CDE has been the subject of a number of research analyst reports. National Bank Financial reaffirmed an "outperform spec market weight" rating on shares of Coeur Mining in a research report on Wednesday, January 3rd. Raymond James lifted their price target on Coeur Mining from $3.75 to $4.00 and gave the company a "market perform" rating in a research report on Monday. One research analyst has rated the stock with a sell rating, two have given a hold rating and five have issued a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $3.82.

Coeur Mining Stock Performance

The company has a debt-to-equity ratio of 0.51, a quick ratio of 0.38 and a current ratio of 0.92. The business has a 50 day moving average price of $3.09 and a two-hundred day moving average price of $2.85. The company has a market cap of $1.84 billion, a P/E ratio of -15.26 and a beta of 1.82.

Coeur Mining (NYSE:CDE - Get Free Report) last released its 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 during the quarter. On average, sell-side analysts anticipate that Coeur Mining, Inc. will post -0.05 earnings per share for the current year.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of CDE. Atria Wealth Solutions Inc. bought a new stake in shares of Coeur Mining in the 4th quarter worth approximately $33,000. Alberta Investment Management Corp purchased a new stake in Coeur Mining during the 2nd quarter valued at $29,000. US Bancorp DE boosted its stake in Coeur Mining by 1,742.5% during the 4th quarter. US Bancorp DE now owns 10,355 shares of the basic materials company's stock valued at $34,000 after purchasing an additional 9,793 shares during the last quarter. Virtu Financial LLC purchased a new stake in Coeur Mining during the 4th quarter valued at $34,000. Finally, First Trust Advisors LP purchased a new stake in Coeur Mining during the 4th quarter valued at $35,000. Hedge funds and other institutional investors 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.