Coeur Mining (NYSE:CDE) Trading 8.3% Higher – Should You Buy?

Coeur Mining, Inc. (NYSE:CDE)’s stock price traded up 8.3% during mid-day trading on Thursday . The company traded as high as $6.91 and last traded at $6.89. Approximately 4,418,948 shares were traded during trading, a decline of 56% from the average session volume of 10,086,200 shares. The stock had previously closed at $6.36.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on CDE shares. Cantor Fitzgerald upgraded shares of Coeur Mining from a “hold” rating to a “strong-buy” rating in a research report on Thursday, November 7th. Canaccord Genuity Group boosted their price target on shares of 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 reiterated a “buy” rating and issued a $8.50 price objective (down previously from $9.00) on shares of Coeur Mining in a report on Friday, November 8th. Finally, StockNews.com upgraded Coeur Mining from a “sell” rating to a “hold” rating in a report on Friday, November 8th. Two research analysts have rated the stock with a hold rating, four have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, Coeur Mining presently has an average rating of “Moderate Buy” and a consensus price target of $7.81.

Coeur Mining Stock Performance

The firm’s 50 day moving average price is $6.29 and its two-hundred day moving average price is $6.34. The firm has a market cap of $2.74 billion, a PE ratio of -227.89 and a beta of 1.60. The company has a debt-to-equity ratio of 0.53, a quick ratio of 0.39 and a current ratio of 1.09.

Coeur Mining (NYSE:CDE) last posted its earnings results on Wednesday, November 6th. The basic materials company reported $0.12 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.07 by $0.05. The company had revenue of $313.50 million during the quarter, compared to analysts’ expectations of $289.19 million. Coeur Mining had a positive return on equity of 1.78% and a negative net margin of 0.44%. The firm’s quarterly revenue was up 61.1% compared to the same quarter last year. During the same quarter last year, the firm earned ($0.05) earnings per share. On average, research analysts forecast that Coeur Mining, Inc. will post 0.22 earnings per share for the current year.

Institutional Investors Weigh In On Coeur Mining

A number of institutional investors have recently modified their holdings of CDE. GAMMA Investing LLC lifted its position in shares of Coeur Mining by 139.8% during the fourth 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 in the last quarter. Point72 Asia Singapore Pte. Ltd. purchased a new position in Coeur Mining in the 2nd quarter valued at approximately $49,000. FNY Investment Advisers LLC acquired a new position in shares of Coeur Mining in the fourth quarter worth $57,000. SPC Financial Inc. purchased a new stake in shares of Coeur Mining during the second quarter worth $65,000. Finally, Empowered Funds LLC purchased a new position in Coeur Mining in the fourth quarter valued at $66,000. 63.01% of the stock is 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.