Coeur Mining (NYSE:CDE) Stock Price Up 5% - Here's What Happened

Coeur Mining, Inc. (NYSE:CDE - Get Free Report) shares were up 5% during mid-day trading on Tuesday . The company traded as high as $5.51 and last traded at $5.39. Approximately 1,495,111 shares were traded during trading, a decline of 85% from the average daily volume of 10,039,466 shares. The stock had previously closed at $5.13.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on CDE shares. TD Cowen raised shares of Coeur Mining to a "strong-buy" rating in a research note on Tuesday. TD Securities started coverage on shares of Coeur Mining in a research note on Tuesday. They set a "buy" rating and a $7.00 target price for the company. Roth Mkm lowered 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. BMO Capital Markets started coverage on shares of Coeur Mining in a research note on Tuesday, February 18th. They set an "outperform" rating and a $9.00 target price for the company. Finally, Raymond James raised shares of Coeur Mining from a "market perform" rating to an "outperform" rating and lowered their target price for the company from $8.75 to $8.25 in a research note on Friday, February 21st. One research analyst has rated the stock with a hold rating, six have given a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of "Buy" and a consensus target price of $8.05.

Coeur Mining Trading Up 4.5 %

The stock's 50 day moving average is $6.16 and its two-hundred day moving average is $6.35. The company has a market capitalization of $3.65 billion, a PE ratio of 47.63 and a beta of 1.51. The company has a quick ratio of 0.39, a current ratio of 0.83 and a debt-to-equity ratio of 0.50.

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

Insiders Place Their Bets

In other news, CFO Thomas S. Whelan bought 10,000 shares of Coeur Mining stock in a transaction on Wednesday, February 26th. The stock was acquired at an average cost of $5.25 per share, for a total transaction of $52,500.00. Following the completion of the acquisition, the chief financial officer now owns 668,450 shares of the company's stock, valued at $3,509,362.50. This trade represents a 1.52 % increase in their position. The purchase was disclosed in a filing with the SEC, which can be accessed through the SEC website. 1.56% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Coeur Mining

A number of large investors have recently added to or reduced their stakes in CDE. Chartwell Investment Partners LLC bought a new position in Coeur Mining in the third quarter worth about $1,066,000. Aigen Investment Management LP increased its holdings in shares of Coeur Mining by 415.4% during the third quarter. Aigen Investment Management LP now owns 103,886 shares of the basic materials company's stock valued at $715,000 after acquiring an additional 83,730 shares in the last quarter. Jennison Associates LLC acquired a new position in shares of Coeur Mining during the third quarter valued at about $579,000. Intech Investment Management LLC acquired a new position in shares of Coeur Mining during the third quarter valued at about $642,000. Finally, Landscape Capital Management L.L.C. acquired a new position in shares of Coeur Mining during the third quarter valued at about $388,000. 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.