Coeur Mining (NYSE:CDE) Trading 3.9% Higher - Time to Buy?

Coeur Mining, Inc. (NYSE:CDE - Get Free Report)'s stock price was up 3.9% during 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 daily volume of 10,597,343 shares. The stock had previously closed at $6.26.

Analyst Upgrades and Downgrades

CDE has been the subject of several analyst reports. National Bank Financial upgraded Coeur Mining to a "strong-buy" rating in a research report on Friday, March 21st. Raymond James raised Coeur Mining from a "market perform" rating to an "outperform" rating and decreased their price target for the stock from $8.75 to $8.25 in a research note on Friday, February 21st. TD Securities assumed coverage on Coeur Mining in a report on Tuesday, March 11th. They set a "buy" rating and a $7.00 price target on the stock. BMO Capital Markets assumed coverage on shares of Coeur Mining in a report on Tuesday, February 18th. They issued an "outperform" rating and a $9.00 price objective for the company. Finally, Cormark raised shares of Coeur Mining to a "moderate buy" rating in a research note on Thursday, February 20th. One research analyst has rated the stock with a hold rating, six have issued a buy rating and three have given a strong buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of "Buy" and an average price target of $8.05.

Coeur Mining Stock Down 4.2 %

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 has a market capitalization of $3.88 billion, a P/E ratio of 50.63 and a beta of 1.51. The stock's fifty day moving average is $6.18 and its two-hundred day moving average is $6.38.

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Coeur Mining (NYSE:CDE - Get Free Report) last posted its quarterly earnings data on Wednesday, February 19th. The basic materials company reported $0.11 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 company had revenue of $305.40 million during the quarter, compared to analyst estimates of $314.32 million. As a group, research analysts predict that Coeur Mining, Inc. will post 0.58 earnings per share for the current fiscal year.

Insider Buying and Selling at Coeur Mining

In related news, CFO Thomas S. Whelan purchased 10,000 shares of Coeur Mining stock in a transaction on Wednesday, February 26th. The stock was bought at an average price of $5.25 per share, with a total value of $52,500.00. Following the completion of the transaction, the chief financial officer now directly owns 668,450 shares of the company's stock, valued at approximately $3,509,362.50. This represents a 1.52 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 1.56% of the company's stock.

Institutional Investors Weigh In On Coeur Mining

Hedge funds have recently bought and sold shares of the company. GAMMA Investing LLC increased its holdings in shares of Coeur Mining by 139.8% during the 4th quarter. GAMMA Investing LLC now owns 5,761 shares of the basic materials company's stock worth $33,000 after purchasing an additional 3,359 shares during the period. Quarry LP increased its stake in Coeur Mining by 853.8% during the fourth quarter. Quarry LP now owns 6,667 shares of the basic materials company's stock valued at $38,000 after acquiring an additional 5,968 shares during the period. Optiver Holding B.V. raised its holdings in Coeur Mining by 150.5% in the 4th 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 in the last quarter. FNY Investment Advisers LLC bought a new stake in shares of Coeur Mining in the 4th quarter worth approximately $57,000. Finally, ZEGA Investments LLC acquired a new stake in shares of Coeur Mining during the 4th quarter worth approximately $64,000. 63.01% of the stock is currently owned by institutional investors.

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.