Coeur Mining Inc (NYSE:CDE) shares rose 5.4% during mid-day trading on Thursday . The stock traded as high as $8.40 and last traded at $8.36. Approximately 3,993,361 shares were traded during mid-day trading, an increase of 25% from the average daily volume of 3,200,020 shares. The stock had previously closed at $7.93.

CDE has been the topic of several recent research reports. Royal Bank of Canada set a $11.00 price target on shares of Coeur Mining and gave the stock a “buy” rating in a research report on Friday, October 27th. Roth Capital decreased their price target on shares of Coeur Mining from $12.50 to $10.00 and set a “buy” rating on the stock in a research report on Friday, October 27th. BMO Capital Markets set a $12.00 price target on shares of Coeur Mining and gave the stock a “buy” rating in a research report on Tuesday, November 14th. Zacks Investment Research upgraded shares of Coeur Mining from a “sell” rating to a “hold” rating in a research report on Tuesday, October 10th. Finally, Noble Financial restated a “hold” rating on shares of Coeur Mining in a research report on Tuesday, October 31st. Three investment analysts have rated the stock with a sell rating, three have issued a hold rating and five have given a buy rating to the company. The company has a consensus rating of “Hold” and an average target price of $10.29.

The company has a debt-to-equity ratio of 0.36, a current ratio of 3.68 and a quick ratio of 2.51. The stock has a market cap of $1,590.00, a PE ratio of -85.50 and a beta of 0.38.

Coeur Mining (NYSE:CDE) last posted its quarterly earnings data on Wednesday, October 25th. The basic materials company reported ($0.10) earnings per share for the quarter, missing the consensus estimate of $0.07 by ($0.17). Coeur Mining had a negative return on equity of 1.37% and a negative net margin of 2.41%. The firm had revenue of $176.00 million for the quarter, compared to analysts’ expectations of $185.09 million. During the same quarter in the previous year, the firm posted $0.23 earnings per share. The company’s revenue for the quarter was up 1.5% on a year-over-year basis. equities analysts expect that Coeur Mining Inc will post -0.05 earnings per share for the current year.

In other Coeur Mining news, CFO Peter C. Mitchell sold 10,000 shares of Coeur Mining stock in a transaction that occurred on Monday, October 30th. The shares were sold at an average price of $7.67, for a total transaction of $76,700.00. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, VP Mark Spurbeck sold 15,000 shares of Coeur Mining stock in a transaction that occurred on Friday, November 3rd. The stock was sold at an average price of $7.42, for a total transaction of $111,300.00. The disclosure for this sale can be found here. Insiders own 1.30% of the company’s stock.

Hedge funds and other institutional investors have recently bought and sold shares of the business. Stevens Capital Management LP purchased a new position in Coeur Mining during the 2nd quarter worth approximately $123,000. Russell Investments Group Ltd. purchased a new position in Coeur Mining during the 2nd quarter worth approximately $141,000. Parametrica Management Ltd purchased a new position in Coeur Mining during the 3rd quarter worth approximately $160,000. QCM Cayman Ltd. purchased a new position in Coeur Mining during the 2nd quarter worth approximately $160,000. Finally, Prudential Financial Inc. grew its position in Coeur Mining by 7.6% during the 2nd quarter. Prudential Financial Inc. now owns 19,451 shares of the basic materials company’s stock worth $167,000 after purchasing an additional 1,370 shares in the last quarter. Hedge funds and other institutional investors own 69.73% of the company’s stock.

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Coeur Mining Company Profile

Coeur Mining, Inc is a gold and silver producer. The Company has its mines located in the United States, Mexico, and Bolivia and exploration projects in Mexico and Argentina. Its segments include Palmarejo, Rochester, Kensington, Wharf, San Bartolome mines, Coeur Capital and Other. The Palmarejo complex is located in the state of Chihuahua, Mexico.

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