Coeur Mining (NYSE:CDE) Shares Down 4.6% - Should You Sell?

Coeur Mining, Inc. (NYSE:CDE - Get Free Report)'s share price fell 4.6% during trading on Tuesday . The stock traded as low as $5.66 and last traded at $5.65. 7,269,916 shares were traded during trading, a decline of 34% from the average session volume of 11,033,589 shares. The stock had previously closed at $5.92.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on the company. National Bank Financial raised Coeur Mining to a "strong-buy" rating in a research note on Friday, March 21st. TD Cowen raised Coeur Mining to a "strong-buy" rating in a research note on Tuesday, March 11th. Cormark upgraded shares of Coeur Mining to a "moderate buy" rating in a report on Thursday, February 20th. Raymond James upgraded shares of Coeur Mining from a "market perform" rating to an "outperform" rating and dropped their price objective for the stock from $8.75 to $8.25 in a report on Friday, February 21st. Finally, Roth Mkm reduced their target price on shares of Coeur Mining from $8.50 to $8.25 and set a "buy" rating for the company in a research note on Friday, February 21st. One investment analyst has rated the stock with a hold rating, six have issued a buy rating and three have issued a strong buy rating to the company. According to data from MarketBeat, Coeur Mining currently has a consensus rating of "Buy" and a consensus target price of $8.05.

Coeur Mining Trading Down 11.7 %

The business has a 50-day moving average of $6.10 and a 200-day moving average of $6.35. The company has a debt-to-equity ratio of 0.50, a current ratio of 0.83 and a quick ratio of 0.39. The firm has a market cap of $3.10 billion, a price-to-earnings ratio of 40.38 and a beta of 1.35.

Coeur Mining (NYSE:CDE - Get Free Report) last announced its quarterly earnings data on Wednesday, February 19th. The basic materials company reported $0.11 earnings per share (EPS) for the quarter, hitting analysts' consensus estimates of $0.11. Coeur Mining had a return on equity of 6.59% and a net margin of 5.59%. The company had revenue of $305.40 million for the quarter, compared to analysts' expectations of $314.32 million. Research analysts anticipate that Coeur Mining, Inc. will post 0.58 EPS for the current year.

Insider Buying and Selling at Coeur Mining

In other news, CFO Thomas S. Whelan bought 10,000 shares of the company's stock in a transaction dated Wednesday, February 26th. The shares were bought at an average cost of $5.25 per share, with a total value of $52,500.00. Following the acquisition, the chief financial officer now owns 668,450 shares in the company, valued at $3,509,362.50. This trade represents a 1.52 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 1.56% of the company's stock.

Hedge Funds Weigh In On Coeur Mining

A number of institutional investors have recently bought and sold shares of the business. GAMMA Investing LLC boosted its stake in shares of Coeur Mining by 139.8% during the 4th quarter. GAMMA Investing LLC now owns 5,761 shares of the basic materials company's stock worth $33,000 after acquiring an additional 3,359 shares during the period. Quarry LP lifted its holdings in Coeur Mining by 853.8% during the 4th quarter. Quarry LP now owns 6,667 shares of the basic materials company's stock valued at $38,000 after purchasing an additional 5,968 shares during the last quarter. Optiver Holding B.V. boosted its position in Coeur Mining by 150.5% during the fourth quarter. Optiver Holding B.V. now owns 8,160 shares of the basic materials company's stock worth $47,000 after purchasing an additional 4,903 shares during the period. FNY Investment Advisers LLC acquired a new position in shares of Coeur Mining in the fourth quarter valued at $57,000. Finally, DRW Securities LLC bought a new position in shares of Coeur Mining in the fourth quarter valued at about $60,000. Institutional investors and hedge funds own 63.01% of the company's stock.

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.