Coeur Mining (NYSE:CDE) Trading Up 6.2% - Should You Buy?

Coeur Mining, Inc. (NYSE:CDE - Get Free Report) was up 6.2% on Friday . The company traded as high as $6.90 and last traded at $6.88. Approximately 3,820,251 shares traded hands during mid-day trading, a decline of 49% from the average daily volume of 7,559,031 shares. The stock had previously closed at $6.48.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on the company. Canaccord Genuity Group increased their price target on Coeur Mining from $7.00 to $7.75 and gave the stock a "buy" rating in a research report on Tuesday, October 8th. Roth Mkm increased their target price on Coeur Mining from $8.00 to $8.50 and gave the stock a "buy" rating in a report on Wednesday, September 25th. Raymond James boosted their price target on Coeur Mining from $6.25 to $7.00 and gave the company a "market perform" rating in a research note on Friday, September 20th. Cantor Fitzgerald cut shares of Coeur Mining from an "overweight" rating to a "neutral" rating in a research report on Thursday, August 8th. Finally, BMO Capital Markets raised their target price on shares of Coeur Mining from $7.50 to $8.00 and gave the company an "outperform" rating in a report on Monday, September 23rd. Two investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company's stock. According to data from MarketBeat.com, Coeur Mining has an average rating of "Moderate Buy" and an average target price of $7.81.

Coeur Mining Trading Up 9.6 %

The firm has a 50-day moving average of $6.36 and a two-hundred day moving average of $5.78. The firm has a market capitalization of $2.84 billion, a P/E ratio of -22.42 and a beta of 1.65. The company has a current ratio of 1.20, a quick ratio of 0.45 and a debt-to-equity ratio of 0.59.

Coeur Mining (NYSE:CDE - Get Free Report) last issued its earnings results on Wednesday, August 7th. The basic materials company reported ($0.01) EPS for the quarter, topping the consensus estimate of ($0.02) by $0.01. Coeur Mining had a negative return on equity of 4.59% and a negative net margin of 8.33%. The firm had revenue of $222.03 million during the quarter, compared to the consensus estimate of $242.18 million. During the same quarter in the previous year, the firm earned ($0.06) earnings per share. The business's quarterly revenue was up 25.3% on a year-over-year basis. On average, analysts anticipate that Coeur Mining, Inc. will post 0.11 EPS for the current year.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the stock. CWM LLC grew its position in Coeur Mining by 831.5% during the 2nd quarter. CWM LLC now owns 5,030 shares of the basic materials company's stock worth $28,000 after acquiring an additional 4,490 shares during the last quarter. Ballentine Partners LLC bought a new stake in shares of Coeur Mining during the first quarter worth about $46,000. StoneX Group Inc. acquired a new position in shares of Coeur Mining in the first quarter valued at approximately $49,000. Point72 Asia Singapore Pte. Ltd. acquired a new position in shares of Coeur Mining in the second quarter valued at approximately $49,000. Finally, &PARTNERS bought a new position in Coeur Mining in the 1st quarter valued at approximately $54,000. 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.