Coeur Mining (NYSE:CDE) Shares Up 2.1% – Should You Buy?

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

Key Headlines Impacting Coeur Mining

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

Analyst Ratings Changes

CDE has been the subject of a number of research reports. TD Cowen upgraded Coeur Mining to a “strong-buy” rating in a research report on Monday, December 1st. Canaccord Genuity Group lowered shares of Coeur Mining from a “buy” rating to a “hold” rating in a research report on Friday, February 20th. Canadian Imperial Bank of Commerce initiated coverage on shares of Coeur Mining in a report on Tuesday, March 10th. They set an “outperform” rating and a $40.00 price target for the company. Royal Bank Of Canada boosted their price objective on shares of Coeur Mining from $22.00 to $26.00 and gave the company an “outperform” rating in a research report on Thursday, February 12th. Finally, Roth Mkm reiterated a “buy” rating and issued a $29.00 price objective on shares of Coeur Mining in a research note on Thursday, February 19th. Two analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating and four have given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $23.00.

Get Our Latest Report on Coeur Mining

Coeur Mining Stock Up 2.1%

The business has a 50 day simple moving average of $22.63 and a 200 day simple moving average of $19.25. The company has a debt-to-equity ratio of 0.10, a current ratio of 2.47 and a quick ratio of 1.66. The stock has a market cap of $11.73 billion, a PE ratio of 20.99 and a beta of 1.16.

Coeur Mining (NYSE:CDEGet Free Report) last announced its quarterly earnings results on Wednesday, February 18th. The basic materials company reported $0.35 earnings per share (EPS) for the quarter, missing the consensus estimate 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 for the quarter, compared to analyst estimates of $668.70 million. During the same quarter in the prior year, the firm earned $0.11 earnings per share. The firm’s quarterly revenue was up 120.9% compared to the same quarter last year. On average, equities research analysts forecast that Coeur Mining, Inc. will post 0.58 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Up Capital Management Inc. acquired a new stake in shares of Coeur Mining in the 4th quarter valued at $228,000. Rockefeller Capital Management L.P. raised its holdings in Coeur Mining by 0.9% during the fourth quarter. Rockefeller Capital Management L.P. now owns 122,722 shares of the basic materials company’s stock valued at $2,188,000 after buying an additional 1,142 shares in the last quarter. Sankala Group LLC bought a new position in Coeur Mining during the fourth quarter valued at about $140,000. Alpine Global Management LLC acquired a new stake in shares of Coeur Mining in the fourth quarter worth about $198,000. Finally, Ketron Financial acquired a new stake in shares of Coeur Mining in the fourth quarter worth about $214,000. Institutional investors own 63.01% of the company’s stock.

About Coeur Mining

(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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