Coeur Mining (NYSE:CDE) Stock Price Down 5.7% – Should You Sell?

Shares of Coeur Mining, Inc. (NYSE:CDE) were down 5.7% during trading on Wednesday . The company traded as low as $21.58 and last traded at $22.0080. Approximately 6,172,348 shares were traded during mid-day trading, a decline of 75% from the average daily volume of 25,039,758 shares. The stock had previously closed at $23.35.

Analyst Ratings Changes

A number of research analysts have recently commented on the stock. TD Cowen raised shares of Coeur Mining to a “strong-buy” rating in a research report on Monday, December 1st. Weiss Ratings lowered Coeur Mining from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Friday, February 27th. Roth Mkm reiterated a “buy” rating and set a $29.00 target price on shares of Coeur Mining in a research note on Thursday, February 19th. Canadian Imperial Bank of Commerce started coverage on Coeur Mining in a report on Tuesday. They set an “outperform” rating and a $40.00 price target for the company. Finally, Canaccord Genuity Group cut shares of Coeur Mining from a “buy” rating to a “hold” rating in a report on Friday, February 20th. Two equities research analysts have rated the stock with a Strong Buy rating, six have issued a Buy rating and five have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, Coeur Mining currently has an average rating of “Moderate Buy” and an average target price of $23.00.

Coeur Mining Price Performance

The business has a fifty day moving average price of $22.49 and a 200 day moving average price of $18.82. 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 company has a market cap of $14.27 billion, a price-to-earnings ratio of 25.49 and a beta of 1.16.

Coeur Mining (NYSE:CDE) last announced its quarterly earnings results on Wednesday, February 18th. The basic materials company reported $0.35 EPS for the quarter, missing analysts’ consensus estimates of $0.43 by ($0.08). Coeur Mining had a net margin of 28.31% and a return on equity of 18.75%. The firm had revenue of $674.85 million during the quarter, compared to the consensus estimate of $668.70 million. During the same quarter in the previous year, the company posted $0.11 earnings per share. The firm’s revenue was up 120.9% on a year-over-year basis. As a group, research analysts anticipate that Coeur Mining, Inc. will post 0.58 earnings per share for the current year.

Institutional Investors Weigh In On Coeur Mining

Several institutional investors and hedge funds have recently made changes to their positions in CDE. Allworth Financial LP grew its holdings in Coeur Mining by 20.9% in the fourth quarter. Allworth Financial LP now owns 2,994 shares of the basic materials company’s stock worth $53,000 after purchasing an additional 517 shares during the period. Baader Bank Aktiengesellschaft grew its stake in Coeur Mining by 2.8% in the 4th quarter. Baader Bank Aktiengesellschaft now owns 34,090 shares of the basic materials company’s stock valued at $608,000 after purchasing an additional 935 shares during the period. Sound Income Strategies LLC grew its position in Coeur Mining by 99.2% during the fourth quarter. Sound Income Strategies LLC now owns 2,000 shares of the basic materials company’s stock valued at $36,000 after buying an additional 996 shares during the period. Savant Capital LLC increased its stake in shares of Coeur Mining by 2.3% during the 3rd quarter. Savant Capital LLC now owns 46,551 shares of the basic materials company’s stock worth $873,000 after purchasing an additional 1,066 shares during the last quarter. Finally, PNC Financial Services Group Inc. raised its stake in shares of Coeur Mining by 12.2% in the fourth quarter. PNC Financial Services Group Inc. now owns 10,650 shares of the basic materials company’s stock valued at $190,000 after buying an additional 1,156 shares during the period. Institutional investors 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.