Coeur Mining (NYSE:CDE) Shares Up 6.7% - Here's Why

Coeur Mining, Inc. (NYSE:CDE - Get Free Report) shares traded up 6.7% on Monday . The stock traded as high as $6.42 and last traded at $6.44. 6,270,642 shares traded hands during mid-day trading, a decline of 39% from the average session volume of 10,259,549 shares. The stock had previously closed at $6.03.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on the stock. TD Securities assumed coverage on shares of Coeur Mining in a research note on Tuesday, March 11th. They issued a "buy" rating and a $7.00 target price on the stock. TD Cowen raised shares of Coeur Mining to a "strong-buy" rating in a research note on Tuesday, March 11th. Raymond James raised shares of Coeur Mining from a "market perform" rating to an "outperform" rating and reduced their price target for the stock from $8.75 to $8.25 in a research note on Friday, February 21st. Roth Mkm reduced their price target on shares of Coeur Mining from $8.50 to $8.25 and set a "buy" rating on the stock in a research note on Friday, February 21st. Finally, BMO Capital Markets assumed coverage on shares of Coeur Mining in a research note on Tuesday, February 18th. They issued an "outperform" rating and a $9.00 price target on the stock. One research analyst has rated the stock with a hold rating, six have issued a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of "Buy" and an average target price of $8.05.

Coeur Mining Trading Down 1.5 %

The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.39 and a current ratio of 0.83. The company's fifty day simple moving average is $6.17 and its 200-day simple moving average is $6.35. The company has a market capitalization of $4.04 billion, a P/E ratio of 52.71 and a beta of 1.51.

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Coeur Mining (NYSE:CDE - Get Free Report) last released its quarterly earnings results on Wednesday, February 19th. The basic materials company reported $0.11 earnings per share 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 business had revenue of $305.40 million for the quarter, compared to analysts' expectations of $314.32 million. Research analysts predict that Coeur Mining, Inc. will post 0.58 earnings per share for the current year.

Insider Activity

In other news, CFO Thomas S. Whelan purchased 10,000 shares of the stock in a transaction dated Wednesday, February 26th. The shares were acquired at an average cost of $5.25 per share, for a total transaction of $52,500.00. Following the acquisition, the chief financial officer now 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 legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 1.56% of the company's stock.

Institutional Trading of Coeur Mining

A number of institutional investors have recently modified their holdings of the company. Jennison Associates LLC acquired a new stake in Coeur Mining in the 3rd quarter worth approximately $579,000. JPMorgan Chase & Co. boosted its stake in Coeur Mining by 88.3% in the 3rd quarter. JPMorgan Chase & Co. now owns 1,418,716 shares of the basic materials company's stock worth $9,761,000 after purchasing an additional 665,452 shares in the last quarter. XTX Topco Ltd acquired a new stake in Coeur Mining in the 3rd quarter worth approximately $1,311,000. BNP Paribas Financial Markets boosted its stake in Coeur Mining by 180.7% in the 3rd quarter. BNP Paribas Financial Markets now owns 310,577 shares of the basic materials company's stock worth $2,137,000 after purchasing an additional 199,919 shares in the last quarter. Finally, US Bancorp DE boosted its stake in Coeur Mining by 595.5% in the 4th quarter. US Bancorp DE now owns 87,962 shares of the basic materials company's stock worth $503,000 after purchasing an additional 75,314 shares in the last quarter. 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.