Coeur Mining (NYSE:CDE) Trading Up 8.3% - What's Next?

Coeur Mining, Inc. (NYSE:CDE - Get Free Report)'s stock price shot up 8.3% on Thursday . The company traded as high as $6.91 and last traded at $6.89. 4,418,948 shares traded hands during mid-day trading, a decline of 56% from the average session volume of 10,086,200 shares. The stock had previously closed at $6.36.

Analysts Set New Price Targets

Several brokerages recently weighed in on CDE. Cantor Fitzgerald upgraded Coeur Mining from a "hold" rating to a "strong-buy" rating in a research report on Thursday, November 7th. StockNews.com upgraded shares of Coeur Mining from a "sell" rating to a "hold" rating in a report on Friday, November 8th. Roth Mkm restated a "buy" rating and set a $8.50 price objective (down from $9.00) on shares of Coeur Mining in a research report on Friday, November 8th. Finally, Canaccord Genuity Group boosted their price objective on shares of Coeur Mining from $7.00 to $7.75 and gave the company a "buy" rating in a report on Tuesday, October 8th. Two equities research analysts have rated the stock with a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, Coeur Mining has an average rating of "Moderate Buy" and an average price target of $7.81.

Coeur Mining Trading Up 2.7 %

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 has a fifty day moving average of $6.30 and a 200-day moving average of $6.34. The firm has a market cap of $2.71 billion, a P/E ratio of -225.76 and a beta of 1.59.

Coeur Mining (NYSE:CDE - Get Free Report) last issued its quarterly earnings data on Wednesday, November 6th. The basic materials company reported $0.12 earnings per share for the quarter, beating the consensus estimate of $0.07 by $0.05. The firm had revenue of $313.50 million for the quarter, compared to analyst estimates 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 for the quarter was up 61.1% on a year-over-year basis. During the same quarter last year, the firm earned ($0.05) earnings per share. Equities research analysts forecast that Coeur Mining, Inc. will post 0.22 earnings per share for the current year.

Institutional Trading of Coeur Mining

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in CDE. GAMMA Investing LLC raised its holdings in shares of Coeur Mining by 139.8% during the fourth 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. Point72 Asia Singapore Pte. Ltd. acquired a new position in shares of Coeur Mining in the second quarter valued at about $49,000. CWM LLC raised its position in shares of Coeur Mining by 93.2% in the third quarter. CWM LLC now owns 9,716 shares of the basic materials company's stock valued at $67,000 after buying an additional 4,686 shares in the last quarter. FNY Investment Advisers LLC acquired a new stake in shares of Coeur Mining during the 4th quarter worth $57,000. Finally, Empowered Funds LLC acquired a new position in Coeur Mining during the fourth quarter valued at approximately $66,000. 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.