Coeur Mining (NYSE:CDE) Stock Price Up 8.7% – Time to Buy?

Coeur Mining, Inc. (NYSE:CDE)’s share price shot up 8.7% during trading on Thursday . The stock traded as high as $6.23 and last traded at $6.22. 6,799,536 shares traded hands during trading, a decline of 16% from the average session volume of 8,065,218 shares. The stock had previously closed at $5.72.

Analyst Ratings Changes

CDE has been the topic of several research analyst reports. Roth Mkm restated a “buy” rating and set a $8.50 target price (down from $9.00) on shares of Coeur Mining in a research report on Friday, November 8th. StockNews.com raised Coeur Mining from a “sell” rating to a “hold” rating in a report on Friday, November 8th. BMO Capital Markets raised their target price on shares of Coeur Mining from $7.50 to $8.00 and gave the company an “outperform” rating in a report on Monday, September 23rd. Canaccord Genuity Group lifted their target price on shares of Coeur Mining from $7.00 to $7.75 and gave the stock a “buy” rating in a research report on Tuesday, October 8th. Finally, Cantor Fitzgerald raised Coeur Mining from a “hold” rating to a “strong-buy” rating in a report on Thursday, November 7th. Two equities research analysts have rated the stock with a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $7.81.

Coeur Mining Price Performance

The stock has a market cap of $2.42 billion, a price-to-earnings ratio of -201.60 and a beta of 1.60. The company has a debt-to-equity ratio of 0.53, a quick ratio of 0.39 and a current ratio of 1.09. The business’s fifty day simple moving average is $6.34 and its 200 day simple moving average is $6.30.

Coeur Mining (NYSE:CDE) last announced its quarterly earnings data on Wednesday, November 6th. The basic materials company reported $0.12 earnings per share for the quarter, beating the consensus estimate of $0.07 by $0.05. The firm had revenue of $313.50 million during the quarter, compared to analyst estimates of $289.19 million. Coeur Mining had a positive return on equity of 1.78% and a negative net margin of 0.44%. Coeur Mining’s quarterly revenue was up 61.1% on a year-over-year basis. During the same period in the previous year, the company earned ($0.05) earnings per share. Research analysts predict that Coeur Mining, Inc. will post 0.15 EPS for the current fiscal year.

Hedge Funds Weigh In On Coeur Mining

Several institutional investors have recently modified their holdings of the company. Ballentine Partners LLC lifted its stake in shares of Coeur Mining by 18.3% in the 2nd quarter. Ballentine Partners LLC now owns 14,435 shares of the basic materials company’s stock worth $81,000 after acquiring an additional 2,232 shares during the period. GAMMA Investing LLC raised its stake in shares of Coeur Mining by 139.8% in the 4th quarter. GAMMA Investing LLC now owns 5,761 shares of the basic materials company’s stock worth $33,000 after buying an additional 3,359 shares in the last quarter. CWM LLC lifted its holdings in shares of Coeur Mining by 93.2% in the third quarter. CWM LLC now owns 9,716 shares of the basic materials company’s stock valued at $67,000 after buying an additional 4,686 shares during the period. Vanguard Personalized Indexing Management LLC boosted its stake in Coeur Mining by 59.7% during the second quarter. Vanguard Personalized Indexing Management LLC now owns 16,024 shares of the basic materials company’s stock valued at $90,000 after buying an additional 5,993 shares in the last quarter. Finally, Arizona State Retirement System grew its holdings in Coeur Mining by 6.1% during the second quarter. Arizona State Retirement System now owns 111,585 shares of the basic materials company’s stock worth $627,000 after acquiring an additional 6,435 shares during the period. 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.