Coeur Mining (NYSE:CDE) Stock Price Down 5.2% - Time to Sell?

Coeur Mining, Inc. (NYSE:CDE - Get Free Report) shares fell 5.2% during trading on Friday . The company traded as low as $6.88 and last traded at $6.85. 11,732,533 shares traded hands during mid-day trading, a decline of 23% from the average session volume of 15,163,146 shares. The stock had previously closed at $7.22.

Analysts Set New Price Targets

CDE has been the topic of a number of analyst reports. StockNews.com raised Coeur Mining from a "sell" rating to a "hold" rating in a research report on Friday, November 8th. Roth Mkm reaffirmed a "buy" rating and set a $8.50 price target (down previously from $9.00) on shares of Coeur Mining in a report on Friday, November 8th. BMO Capital Markets started coverage on shares of Coeur Mining in a research note on Tuesday. They issued an "outperform" rating and a $9.00 price objective for the company. Finally, Cantor Fitzgerald upgraded shares of Coeur Mining from a "hold" rating to a "strong-buy" rating in a research note on Thursday, November 7th. Two investment analysts have rated the stock with a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $8.06.

Coeur Mining Price Performance

The company has a debt-to-equity ratio of 0.53, a quick ratio of 0.39 and a current ratio of 1.09. The firm's fifty day simple moving average is $6.38 and its 200 day simple moving average is $6.39. The firm has a market cap of $2.62 billion, a P/E ratio of -218.09 and a beta of 1.59.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of CDE. GAMMA Investing LLC raised its stake in Coeur Mining by 139.8% during the fourth quarter. GAMMA Investing LLC now owns 5,761 shares of the basic materials company's stock valued at $33,000 after purchasing an additional 3,359 shares in the last quarter. Quarry LP raised its position in shares of 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 buying an additional 5,968 shares in the last quarter. Optiver Holding B.V. increased its stake 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 acquiring an additional 4,903 shares during the last quarter. FNY Investment Advisers LLC purchased a new stake in Coeur Mining during the fourth quarter valued at approximately $57,000. Finally, DRW Securities LLC bought a new stake in shares of Coeur Mining in the 4th quarter valued at approximately $60,000. 63.01% of the stock is currently owned by 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.