Coeur Mining (NYSE:CDE) Stock Price Up 5% – Here’s Why

Coeur Mining, Inc. (NYSE:CDE) shares traded up 5% on Tuesday . The stock traded as high as $5.51 and last traded at $5.39. 1,495,111 shares changed hands during mid-day trading, a decline of 85% from the average session volume of 10,039,466 shares. The stock had previously closed at $5.13.

Analyst Ratings Changes

Several research analysts have weighed in on CDE shares. TD Cowen raised Coeur Mining to a “strong-buy” rating in a research report on Tuesday. Raymond James raised Coeur Mining from a “market perform” rating to an “outperform” rating and dropped their target price for the stock from $8.75 to $8.25 in a report on Friday, February 21st. BMO Capital Markets assumed coverage on Coeur Mining in a research note on Tuesday, February 18th. They issued an “outperform” rating and a $9.00 price target for the company. Cormark raised Coeur Mining to a “moderate buy” rating in a research note on Thursday, February 20th. Finally, TD Securities initiated coverage on Coeur Mining in a report on Tuesday. They set a “buy” rating and a $7.00 price target on the stock. One research analyst has rated the stock with a hold rating, six have given a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat.com, Coeur Mining presently has a consensus rating of “Buy” and an average target price of $8.05.

Coeur Mining Price Performance

The company has a quick ratio of 0.39, a current ratio of 0.83 and a debt-to-equity ratio of 0.50. The business has a 50-day moving average price of $6.16 and a two-hundred day moving average price of $6.35. The company has a market capitalization of $3.69 billion, a price-to-earnings ratio of 47.80 and a beta of 1.51.

Coeur Mining (NYSE:CDE) last released its quarterly earnings results on Wednesday, February 19th. The basic materials company reported $0.11 EPS for the quarter, meeting analysts’ consensus estimates of $0.11. The business had revenue of $305.40 million during the quarter, compared to analyst estimates of $314.32 million. Coeur Mining had a return on equity of 6.59% and a net margin of 5.59%. As a group, research analysts anticipate that Coeur Mining, Inc. will post 0.58 EPS for the current year.

Insider Buying and Selling at Coeur Mining

In other news, CFO Thomas S. Whelan purchased 10,000 shares of the business’s stock in a transaction dated Wednesday, February 26th. The stock was bought at an average price of $5.25 per share, for a total transaction of $52,500.00. Following the purchase, the chief financial officer now owns 668,450 shares of the company’s stock, valued at $3,509,362.50. The trade was a 1.52 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 1.56% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the company. Vanguard Group Inc. boosted its stake in Coeur Mining by 8.5% in the 4th quarter. Vanguard Group Inc. now owns 40,700,218 shares of the basic materials company’s stock worth $232,805,000 after purchasing an additional 3,178,785 shares during the period. Dimensional Fund Advisors LP boosted its stake in Coeur Mining by 1.7% in the 4th quarter. Dimensional Fund Advisors LP now owns 17,157,325 shares of the basic materials company’s stock worth $98,137,000 after purchasing an additional 282,885 shares during the period. Tidal Investments LLC boosted its stake in Coeur Mining by 11.1% in the 4th quarter. Tidal Investments LLC now owns 13,343,775 shares of the basic materials company’s stock worth $76,326,000 after purchasing an additional 1,332,684 shares during the period. Geode Capital Management LLC boosted its stake in Coeur Mining by 1.0% in the 3rd quarter. Geode Capital Management LLC now owns 9,146,107 shares of the basic materials company’s stock worth $62,937,000 after purchasing an additional 89,863 shares during the period. Finally, Two Sigma Investments LP raised its holdings in shares of Coeur Mining by 57.8% in the 4th quarter. Two Sigma Investments LP now owns 7,210,595 shares of the basic materials company’s stock valued at $41,245,000 after acquiring an additional 2,641,310 shares in the last quarter. 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.