Coeur Mining (NYSE:CDE) Trading 8.7% Higher - What's Next?

Coeur Mining, Inc. (NYSE:CDE - Get Free Report) shares shot up 8.7% on Thursday . The stock traded as high as $6.23 and last traded at $6.22. 6,799,536 shares traded hands during mid-day trading, a decline of 16% from the average session volume of 8,065,218 shares. The stock had previously closed at $5.72.

Analyst Ratings Changes

A number of research firms have weighed in on CDE. StockNews.com upgraded shares of Coeur Mining from a "sell" rating to a "hold" rating in a research report on Friday, November 8th. Raymond James upped their price target on Coeur Mining from $6.25 to $7.00 and gave the stock a "market perform" rating in a report on Friday, September 20th. Roth Mkm reiterated a "buy" rating and issued a $8.50 price objective (down from $9.00) on shares of Coeur Mining in a research report on Friday, November 8th. Cantor Fitzgerald upgraded Coeur Mining from a "hold" rating to a "strong-buy" rating in a research note on Thursday, November 7th. Finally, BMO Capital Markets increased their target price on Coeur Mining from $7.50 to $8.00 and gave the stock an "outperform" rating in a research note on Monday, September 23rd. Two investment analysts have rated the stock with a hold rating, four have given a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat, Coeur Mining presently has an average rating of "Moderate Buy" and an average target price of $7.81.

Coeur Mining Stock Up 8.4 %

The stock's fifty day simple moving average is $6.36 and its 200-day simple moving average is $6.29. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.09 and a quick ratio of 0.39. The stock has a market cap of $2.48 billion, a P/E ratio of -206.60 and a beta of 1.60.

Coeur Mining (NYSE:CDE - Get Free Report) last announced its earnings results on Wednesday, November 6th. The basic materials company reported $0.12 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.07 by $0.05. The company had revenue of $313.50 million for the quarter, compared to the consensus estimate of $289.19 million. Coeur Mining had a negative net margin of 0.44% and a positive return on equity of 1.78%. The company's revenue was up 61.1% on a year-over-year basis. During the same period in the previous year, the business earned ($0.05) EPS. On average, research analysts anticipate that Coeur Mining, Inc. will post 0.15 earnings per share for the current year.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the business. JPMorgan Chase & Co. lifted its holdings in shares of Coeur Mining by 88.3% during the third quarter. JPMorgan Chase & Co. now owns 1,418,716 shares of the basic materials company's stock valued at $9,761,000 after acquiring an additional 665,452 shares during the period. Franklin Resources Inc. bought a new position in Coeur Mining during the 3rd quarter valued at about $423,000. Virtu Financial LLC acquired a new position in Coeur Mining in the third quarter valued at about $119,000. Geode Capital Management LLC grew its stake in Coeur Mining by 1.0% during the third quarter. Geode Capital Management LLC now owns 9,146,107 shares of the basic materials company's stock worth $62,937,000 after buying an additional 89,863 shares during the last quarter. Finally, Barclays PLC increased its holdings in shares of Coeur Mining by 59.2% during the third quarter. Barclays PLC now owns 962,652 shares of the basic materials company's stock worth $6,624,000 after buying an additional 358,097 shares in the last quarter. 63.01% of the stock is currently 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.