Coeur Mining (NYSE:CDE) Stock Price Up 6.5% - Still a Buy?

Coeur Mining, Inc. (NYSE:CDE - Get Free Report) was up 6.5% during trading on Monday . The company traded as high as $5.39 and last traded at $5.18. Approximately 5,021,676 shares changed hands during trading, a decline of 55% from the average daily volume of 11,130,206 shares. The stock had previously closed at $4.86.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on CDE shares. TD Securities assumed coverage on shares of Coeur Mining in a research report on Tuesday, March 11th. They issued a "buy" rating and a $7.00 target price for the company. TD Cowen raised Coeur Mining to a "strong-buy" rating in a report on Tuesday, March 11th. Raymond James reaffirmed an "outperform" rating and set a $8.50 target price on shares of Coeur Mining in a report on Wednesday, April 2nd. BMO Capital Markets started coverage on Coeur Mining in a report on Tuesday, February 18th. They issued an "outperform" rating and a $9.00 price target for the company. Finally, Roth Mkm reduced their price objective on Coeur Mining from $8.50 to $8.25 and set a "buy" rating on the stock in a research note on Friday, February 21st. One equities research analyst has rated the stock with a hold rating, five have issued a buy rating and three have assigned a strong buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of "Buy" and an average price target of $8.10.

Coeur Mining Price Performance

The firm has a market capitalization of $3.78 billion, a price-to-earnings ratio of 49.32 and a beta of 1.35. The company has a current ratio of 0.83, a quick ratio of 0.39 and a debt-to-equity ratio of 0.50. The business has a 50-day moving average price of $5.92 and a two-hundred day moving average price of $6.27.

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

Insider Buying and Selling

In other news, CFO Thomas S. Whelan bought 10,000 shares of the firm's stock in a transaction on Wednesday, February 26th. The stock was purchased at an average price of $5.25 per share, for a total transaction of $52,500.00. Following the transaction, the chief financial officer now owns 668,450 shares in the company, valued at approximately $3,509,362.50. This trade represents a 1.52 % increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is accessible through this link. Corporate insiders own 1.56% of the company's stock.

Hedge Funds Weigh In On Coeur Mining

Hedge funds and other institutional investors have recently made changes to their positions in the business. FMR LLC raised its stake in Coeur Mining by 1,011.0% during the 3rd quarter. FMR LLC now owns 137,504 shares of the basic materials company's stock valued at $946,000 after acquiring an additional 125,127 shares in the last quarter. Wellington Management Group LLP increased its holdings in shares of Coeur Mining by 14.1% during the third quarter. Wellington Management Group LLP now owns 932,074 shares of the basic materials company's stock valued at $6,413,000 after purchasing an additional 114,870 shares during the period. Barclays PLC raised its stake 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 valued at $6,624,000 after purchasing an additional 358,097 shares in the last quarter. Geode Capital Management LLC lifted its holdings in Coeur Mining by 1.0% in 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 purchasing an additional 89,863 shares during the period. Finally, Virtu Financial LLC bought a new position in Coeur Mining in the 3rd quarter valued at about $119,000. 63.01% of the stock is currently owned by institutional investors and hedge funds.

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.