Coeur Mining (NYSE:CDE) Stock Price Up 3.6% – Should You Buy?

Coeur Mining, Inc. (NYSE:CDE) traded up 3.6% on Wednesday . The stock traded as high as $6.37 and last traded at $6.35. 4,594,403 shares changed hands during trading, a decline of 54% from the average session volume of 10,091,866 shares. The stock had previously closed at $6.13.

Analyst Ratings Changes

Several analysts recently commented on the company. Canaccord Genuity Group lifted their price objective on Coeur Mining from $7.00 to $7.75 and gave the stock a “buy” rating in a report on Tuesday, October 8th. Raymond James boosted their target price on shares of Coeur Mining from $6.25 to $7.00 and gave the company a “market perform” rating in a research report on Friday, September 20th. BMO Capital Markets increased their price target on shares of Coeur Mining from $7.50 to $8.00 and gave the stock an “outperform” rating in a research report on Monday, September 23rd. Cantor Fitzgerald upgraded Coeur Mining from a “hold” rating to a “strong-buy” rating in a research note on Thursday, November 7th. Finally, Roth Mkm reissued a “buy” rating and issued a $8.50 price objective (down from $9.00) on shares of Coeur Mining in a research note on Friday, November 8th. Two investment analysts have rated the stock with a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, Coeur Mining currently has a consensus rating of “Moderate Buy” and a consensus target price of $7.81.

Coeur Mining Stock Down 2.8 %

The company has a quick ratio of 0.39, a current ratio of 1.09 and a debt-to-equity ratio of 0.53. The stock has a market capitalization of $2.50 billion, a P/E ratio of -208.60 and a beta of 1.60. The company has a fifty day moving average price of $6.31 and a 200-day moving average price of $6.32.

Coeur Mining (NYSE:CDE) last posted its earnings results on Wednesday, November 6th. The basic materials company reported $0.12 earnings per share for the quarter, beating analysts’ consensus estimates of $0.07 by $0.05. The firm had revenue of $313.50 million during the quarter, compared to analyst estimates of $289.19 million. Coeur Mining had a negative net margin of 0.44% and a positive return on equity of 1.78%. Coeur Mining’s revenue for the quarter was up 61.1% compared to the same quarter last year. During the same period last year, the firm posted ($0.05) earnings per share. As a group, research analysts forecast that Coeur Mining, Inc. will post 0.15 EPS for the current fiscal year.

Institutional Trading of Coeur Mining

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. GAMMA Investing LLC increased its position in Coeur Mining by 139.8% during the fourth quarter. GAMMA Investing LLC now owns 5,761 shares of the basic materials company’s stock valued at $33,000 after acquiring an additional 3,359 shares during the last quarter. Point72 Asia Singapore Pte. Ltd. bought a new stake in Coeur Mining in the second quarter worth about $49,000. CWM LLC boosted its position in shares of Coeur Mining by 93.2% during the third quarter. CWM LLC now owns 9,716 shares of the basic materials company’s stock valued at $67,000 after buying an additional 4,686 shares during the period. WINTON GROUP Ltd bought a new position in shares of Coeur Mining during the second quarter valued at approximately $57,000. Finally, SPC Financial Inc. bought a new position in shares of Coeur Mining during the second quarter valued at approximately $65,000. Hedge funds and other institutional investors own 63.01% of the company’s stock.

Coeur Mining Company Profile

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.