Coeur Mining (NYSE:CDE) Trading Down 4% – Time to Sell?

Coeur Mining, Inc. (NYSE:CDE) shares were down 4% during trading on Wednesday . The stock traded as low as $18.11 and last traded at $18.3290. Approximately 4,378,326 shares changed hands during mid-day trading, a decline of 74% from the average daily volume of 16,737,043 shares. The stock had previously closed at $19.09.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on the company. Zacks Research downgraded Coeur Mining from a “strong-buy” rating to a “hold” rating in a research report on Monday, November 24th. Cormark lowered shares of Coeur Mining from a “moderate buy” rating to a “hold” rating in a research report on Wednesday, October 29th. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Coeur Mining in a research report on Monday. Roth Capital boosted their price objective on shares of Coeur Mining from $20.00 to $23.00 and gave the stock a “buy” rating in a research note on Monday, December 15th. Finally, Raymond James Financial set a $21.00 target price on shares of Coeur Mining in a research note on Thursday, October 30th. Two investment analysts have rated the stock with a Strong Buy rating, six have given a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $16.75.

Coeur Mining Stock Performance

The firm has a market cap of $11.80 billion, a price-to-earnings ratio of 27.74 and a beta of 1.33. The company has a debt-to-equity ratio of 0.11, a current ratio of 2.00 and a quick ratio of 1.10. The firm has a fifty day simple moving average of $16.78 and a two-hundred day simple moving average of $14.00.

Coeur Mining (NYSE:CDE) last posted its quarterly earnings data on Wednesday, October 29th. The basic materials company reported $0.23 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.25 by ($0.02). The company had revenue of $554.57 million for the quarter, compared to analyst estimates of $511.20 million. Coeur Mining had a net margin of 24.03% and a return on equity of 15.52%. The business’s revenue was up 76.9% compared to the same quarter last year. During the same quarter last year, the company earned $0.12 EPS. On average, analysts expect that Coeur Mining, Inc. will post 0.58 EPS for the current year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the stock. MAI Capital Management purchased a new stake in shares of Coeur Mining during the first quarter valued at $25,000. EverSource Wealth Advisors LLC raised its stake in Coeur Mining by 74.2% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 3,368 shares of the basic materials company’s stock worth $30,000 after acquiring an additional 1,435 shares during the last quarter. Covestor Ltd lifted its position in Coeur Mining by 7,011.5% during the 3rd quarter. Covestor Ltd now owns 1,849 shares of the basic materials company’s stock worth $35,000 after acquiring an additional 1,823 shares during the period. JPL Wealth Management LLC purchased a new stake in Coeur Mining during the 3rd quarter valued at about $35,000. Finally, Luminist Capital LLC purchased a new stake in Coeur Mining during the 2nd quarter valued at about $40,000. Hedge funds and other institutional investors own 63.01% of the company’s stock.

About Coeur Mining

Coeur Mining, Inc is a publicly traded precious metals mining company headquartered in Chicago, Illinois. The company specializes in the exploration, development and production of silver and gold deposits, with a focus on high-grade underground and open-pit operations. Through a combination of operating mines and advanced exploration projects, Coeur Mining seeks to deliver consistent production of silver and gold bullion while maintaining industry standards for safety, environmental stewardship and cost management.

Coeur Mining’s portfolio includes five principal operating mines and several exploration projects across North America and Australia.