Coeur Mining (NYSE:CDE) Trading Up 3.9% – Here’s What Happened

Shares of Coeur Mining, Inc. (NYSE:CDE) traded up 3.9% on Tuesday . The company traded as high as $6.65 and last traded at $6.51. 2,342,953 shares changed hands during trading, a decline of 78% from the average session volume of 10,597,343 shares. The stock had previously closed at $6.26.

Analyst Ratings Changes

A number of equities analysts have commented on the stock. Raymond James upgraded shares of Coeur Mining from a “market perform” rating to an “outperform” rating and reduced their target price for the stock from $8.75 to $8.25 in a report on Friday, February 21st. BMO Capital Markets started coverage on shares of Coeur Mining in a research note on Tuesday, February 18th. They set an “outperform” rating and a $9.00 price objective for the company. TD Securities started coverage on shares of Coeur Mining in a research note on Tuesday, March 11th. They issued a “buy” rating and a $7.00 target price for the company. TD Cowen raised shares of Coeur Mining to a “strong-buy” rating in a report on Tuesday, March 11th. Finally, Roth Mkm decreased their price objective on Coeur Mining from $8.50 to $8.25 and set a “buy” rating for the company in a report on Friday, February 21st. One analyst has rated the stock with a hold rating, six have given a buy rating and three have issued a strong buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Buy” and an average target price of $8.05.

Coeur Mining Trading Up 1.8 %

The stock’s fifty day simple moving average is $6.18 and its 200-day simple moving average is $6.37. The company has a debt-to-equity ratio of 0.50, a current ratio of 0.83 and a quick ratio of 0.39. The firm has a market cap of $4.07 billion, a PE ratio of 53.15 and a beta of 1.51.

Coeur Mining (NYSE:CDE) last issued its earnings results on Wednesday, February 19th. The basic materials company reported $0.11 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.11. Coeur Mining had a return on equity of 6.59% and a net margin of 5.59%. The company had revenue of $305.40 million during the quarter, compared to analyst estimates of $314.32 million. On average, sell-side analysts forecast that Coeur Mining, Inc. will post 0.58 earnings per share for the current year.

Insider Transactions at Coeur Mining

In other Coeur Mining news, CFO Thomas S. Whelan purchased 10,000 shares of the business’s stock in a transaction that occurred on Wednesday, February 26th. The shares were bought at an average price of $5.25 per share, for a total transaction of $52,500.00. Following the acquisition, the chief financial officer now owns 668,450 shares in the company, valued at $3,509,362.50. This represents a 1.52 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through the SEC website. Company insiders own 1.56% of the company’s stock.

Institutional Trading of Coeur Mining

Several large investors have recently made changes to their positions in the business. Jennison Associates LLC purchased a new position in shares of Coeur Mining during the third quarter worth $579,000. JPMorgan Chase & Co. raised its stake in shares of Coeur Mining by 88.3% during the 3rd quarter. JPMorgan Chase & Co. now owns 1,418,716 shares of the basic materials company’s stock valued at $9,761,000 after buying an additional 665,452 shares during the last quarter. XTX Topco Ltd purchased a new position in shares of Coeur Mining during the 3rd quarter valued at about $1,311,000. BNP Paribas Financial Markets lifted its holdings in shares of Coeur Mining by 180.7% in the 3rd quarter. BNP Paribas Financial Markets now owns 310,577 shares of the basic materials company’s stock valued at $2,137,000 after buying an additional 199,919 shares during the period. Finally, US Bancorp DE boosted its stake in shares of Coeur Mining by 595.5% in the fourth quarter. US Bancorp DE now owns 87,962 shares of the basic materials company’s stock worth $503,000 after buying an additional 75,314 shares during the last quarter. 63.01% of the stock is owned by hedge funds and other institutional investors.

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.