Coeur Mining (NYSE:CDE) Shares Up 3.9% - What's Next?

Coeur Mining, Inc. (NYSE:CDE - Get Free Report)'s stock price traded up 3.9% during mid-day trading on Tuesday . The stock traded as high as $6.65 and last traded at $6.51. 2,342,953 shares traded hands during mid-day trading, a decline of 78% from the average session volume of 10,597,343 shares. The stock had previously closed at $6.26.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on CDE. Roth Mkm cut their price objective on Coeur Mining from $8.50 to $8.25 and set a "buy" rating for the company in a research report on Friday, February 21st. Cormark raised Coeur Mining to a "moderate buy" rating in a report on Thursday, February 20th. Raymond James upgraded shares of Coeur Mining from a "market perform" rating to an "outperform" rating and decreased their price objective for the company from $8.75 to $8.25 in a report on Friday, February 21st. BMO Capital Markets assumed 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, National Bank Financial upgraded shares of Coeur Mining to a "strong-buy" rating in a research note on Friday, March 21st. One analyst has rated the stock with a hold rating, six have given a buy rating and three have assigned a strong buy rating to the company's stock. According to data from MarketBeat, the stock has an average rating of "Buy" and an average price target of $8.05.

Coeur Mining Stock Performance

The company has a debt-to-equity ratio of 0.50, a current ratio of 0.83 and a quick ratio of 0.39. The stock's 50-day moving average price is $6.18 and its 200-day moving average price is $6.38. The company has a market cap of $3.88 billion, a P/E ratio of 50.63 and a beta of 1.51.

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

Insider Buying and Selling

In related news, CFO Thomas S. Whelan bought 10,000 shares of the business's stock in a transaction dated Wednesday, February 26th. The stock was purchased at an average cost 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 $3,509,362.50. The trade was a 1.52 % increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 1.56% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of CDE. GAMMA Investing LLC increased its holdings in Coeur Mining by 139.8% in the 4th quarter. GAMMA Investing LLC now owns 5,761 shares of the basic materials company's stock valued at $33,000 after buying an additional 3,359 shares during the period. Quarry LP boosted 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 worth $38,000 after acquiring an additional 5,968 shares in the last quarter. Optiver Holding B.V. increased its stake in Coeur Mining by 150.5% in the fourth quarter. Optiver Holding B.V. now owns 8,160 shares of the basic materials company's stock valued at $47,000 after acquiring an additional 4,903 shares during the last quarter. FNY Investment Advisers LLC acquired a new position in Coeur Mining during the fourth quarter valued at approximately $57,000. Finally, ZEGA Investments LLC bought a new stake in Coeur Mining during the fourth quarter worth $64,000. Institutional investors and hedge funds own 63.01% of the company's stock.

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.