Coeur Mining (NYSE:CDE) Stock Price Down 2.7% – What’s Next?

Coeur Mining, Inc. (NYSE:CDE)’s stock price traded down 2.7% on Monday . The stock traded as low as $18.48 and last traded at $18.5760. 17,635,356 shares traded hands during trading, a decline of 40% from the average session volume of 29,369,793 shares. The stock had previously closed at $19.09.

Analysts Set New Price Targets

A number of brokerages have commented on CDE. Roth Mkm reaffirmed a “buy” rating and set a $29.00 price target on shares of Coeur Mining in a research report on Thursday, February 19th. BMO Capital Markets assumed coverage on Coeur Mining in a research note on Wednesday, March 25th. They issued an “outperform” rating and a $27.00 price objective for the company. Zacks Research lowered Coeur Mining from a “hold” rating to a “strong sell” rating in a research report on Wednesday, April 1st. Weiss Ratings downgraded shares of Coeur Mining from a “buy (b-)” rating to a “hold (c+)” rating in a report on Friday, March 27th. Finally, Canadian Imperial Bank of Commerce started coverage on shares of Coeur Mining in a research report on Tuesday, March 10th. They set an “outperform” rating and a $40.00 price target for the company. Two equities research analysts have rated the stock with a Strong Buy rating, seven have assigned a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $24.67.

Coeur Mining Stock Performance

The firm’s fifty day simple moving average is $21.75 and its 200 day simple moving average is $19.41. The company has a market capitalization of $11.92 billion, a PE ratio of 21.35 and a beta of 1.33. The company has a debt-to-equity ratio of 0.10, a current ratio of 2.47 and a quick ratio of 1.66.

Coeur Mining (NYSE:CDE) last released its quarterly earnings data on Wednesday, February 18th. The basic materials company reported $0.35 earnings per share for the quarter, missing analysts’ consensus estimates of $0.43 by ($0.08). Coeur Mining had a net margin of 28.31% and a return on equity of 18.75%. The company had revenue of $674.85 million for the quarter, compared to analysts’ expectations of $668.70 million. During the same quarter in the previous year, the business posted $0.11 EPS. The business’s quarterly revenue was up 120.9% on a year-over-year basis. On average, research analysts predict that Coeur Mining, Inc. will post 0.58 EPS for the current year.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of CDE. Triumph Capital Management boosted its position in Coeur Mining by 300.0% in the 4th quarter. Triumph Capital Management now owns 1,600 shares of the basic materials company’s stock worth $29,000 after purchasing an additional 1,200 shares in the last quarter. Kingdom Financial Group LLC. purchased a new position in shares of Coeur Mining during the 4th quarter valued at approximately $32,000. JPL Wealth Management LLC acquired a new position in shares of Coeur Mining in the 3rd quarter valued at $35,000. Covestor Ltd lifted its stake in shares of Coeur Mining by 7,011.5% in the 3rd quarter. Covestor Ltd now owns 1,849 shares of the basic materials company’s stock valued at $35,000 after purchasing an additional 1,823 shares during the period. Finally, Kemnay Advisory Services Inc. purchased a new stake in Coeur Mining during the fourth quarter worth $33,000. 63.01% of the stock is owned by institutional investors and hedge funds.

Coeur Mining Company Profile

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.