Coeur Mining (NYSE:CDE) Stock Price Up 2% – Here’s What Happened

Coeur Mining, Inc. (NYSE:CDE) rose 2% during mid-day trading on Tuesday . The stock traded as high as $19.06 and last traded at $18.97. Approximately 18,880,934 shares changed hands during trading, a decline of 35% from the average daily volume of 29,212,416 shares. The stock had previously closed at $18.59.

Analysts Set New Price Targets

CDE has been the topic of several recent analyst reports. Royal Bank Of Canada boosted their target price on Coeur Mining from $22.00 to $26.00 and gave the stock an “outperform” rating in a research report on Thursday, February 12th. Canadian Imperial Bank of Commerce initiated coverage on Coeur Mining in a research report on Tuesday, March 10th. They set an “outperform” rating and a $40.00 target price on the stock. Roth Mkm reiterated a “buy” rating and set a $29.00 target price on shares of Coeur Mining in a research report on Thursday, February 19th. Zacks Research cut Coeur Mining from a “hold” rating to a “strong sell” rating in a research report on Wednesday, April 1st. Finally, Wall Street Zen upgraded Coeur Mining from a “hold” rating to a “buy” rating in a research report on Sunday, December 21st. Two investment 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 given a Sell rating to the company’s stock. According to data from MarketBeat, Coeur Mining presently has a consensus rating of “Moderate Buy” and a consensus target price of $24.67.

Coeur Mining Trading Up 2.0%

The firm has a market cap of $12.18 billion, a price-to-earnings ratio of 21.80 and a beta of 1.33. The company has a debt-to-equity ratio of 0.10, a quick ratio of 1.66 and a current ratio of 2.47. The business has a fifty day moving average of $21.61 and a two-hundred day moving average of $19.43.

Coeur Mining (NYSE:CDE) last released its quarterly earnings results 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). The firm had revenue of $674.85 million during the quarter, compared to analyst estimates of $668.70 million. Coeur Mining had a return on equity of 18.75% and a net margin of 28.31%.The business’s revenue was up 120.9% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.11 EPS. As a group, equities analysts expect that Coeur Mining, Inc. will post 0.58 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Coeur Mining

Institutional investors and hedge funds have recently modified their holdings of the company. Triumph Capital Management grew its holdings in shares of 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 acquiring an additional 1,200 shares during the period. EverSource Wealth Advisors LLC grew its holdings in shares of 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 period. Kingdom Financial Group LLC. acquired a new stake in shares of Coeur Mining in the 4th quarter worth approximately $32,000. Kemnay Advisory Services Inc. acquired a new stake in shares of Coeur Mining in the 4th quarter worth approximately $33,000. Finally, Transamerica Financial Advisors LLC purchased a new stake in Coeur Mining in the 4th quarter valued at approximately $34,000. Institutional investors and hedge funds 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.