Coeur Mining (NYSE:CDE) Stock Price Up 2.1% – Here’s What Happened

Coeur Mining, Inc. (NYSE:CDEGet Free Report) was up 2.1% during trading on Tuesday . The company traded as high as $18.54 and last traded at $18.2630. Approximately 93,381,416 shares changed hands during trading, an increase of 240% from the average daily volume of 27,472,150 shares. The stock had previously closed at $17.89.

More Coeur Mining News

Here are the key news stories impacting Coeur Mining this week:

Wall Street Analyst Weigh In

CDE has been the subject of several analyst reports. Zacks Research lowered Coeur Mining from a “strong-buy” rating to a “hold” rating in a report on Friday, February 20th. Roth Mkm reissued a “buy” rating and issued a $29.00 price target on shares of Coeur Mining in a research report on Thursday, February 19th. Weiss Ratings upgraded shares of Coeur Mining from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Friday, March 13th. TD Cowen raised shares of Coeur Mining to a “strong-buy” rating in a report on Monday, December 1st. Finally, Canaccord Genuity Group lowered shares of Coeur Mining from a “buy” rating to a “hold” rating in a research note on Friday, February 20th. Two investment analysts have rated the stock with a Strong Buy rating, seven have assigned a Buy rating and four have issued a Hold rating to the company’s stock. Based on data from MarketBeat, Coeur Mining currently has a consensus rating of “Moderate Buy” and a consensus target price of $23.00.

Read Our Latest Stock Analysis on Coeur Mining

Coeur Mining Stock Performance

The stock has a market cap of $11.73 billion, a P/E ratio of 20.99 and a beta of 1.16. The firm has a 50 day moving average of $22.63 and a two-hundred day moving average of $19.25. The company has a debt-to-equity ratio of 0.10, a quick ratio of 1.66 and a current ratio of 2.47.

Coeur Mining (NYSE:CDEGet Free Report) last issued its quarterly earnings results on Wednesday, February 18th. The basic materials company reported $0.35 EPS for the quarter, missing the consensus estimate of $0.43 by ($0.08). Coeur Mining had a return on equity of 18.75% and a net margin of 28.31%.The business had revenue of $674.85 million during the quarter, compared to the consensus estimate of $668.70 million. During the same period in the prior year, the firm earned $0.11 earnings per share. 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 fiscal year.

Hedge Funds Weigh In On Coeur Mining

Several large investors have recently bought and sold shares of the stock. Up Capital Management Inc. acquired a new position in Coeur Mining during the 4th quarter valued at $228,000. Rockefeller Capital Management L.P. grew its position in Coeur Mining by 0.9% in the 4th quarter. Rockefeller Capital Management L.P. now owns 122,722 shares of the basic materials company’s stock worth $2,188,000 after purchasing an additional 1,142 shares during the last quarter. Sankala Group LLC bought a new position in shares of Coeur Mining during the 4th quarter worth about $140,000. Alpine Global Management LLC bought a new position in shares of Coeur Mining during the 4th quarter worth about $198,000. Finally, Ketron Financial acquired a new position in shares of Coeur Mining during the fourth quarter valued at about $214,000. 63.01% of the stock is currently owned by institutional investors and hedge funds.

Coeur Mining Company Profile

(Get Free Report)

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.

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