Coeur Mining (NYSE:CDE) Trading Down 4% – Time to Sell?

Shares of Coeur Mining, Inc. (NYSE:CDE) dropped 4% on Thursday . The company traded as low as $23.50 and last traded at $24.5840. Approximately 44,574,444 shares changed hands during trading, an increase of 59% from the average daily volume of 27,964,789 shares. The stock had previously closed at $25.62.

Wall Street Analyst Weigh In

CDE has been the topic of a number of recent analyst reports. Cantor Fitzgerald lowered shares of Coeur Mining from an “overweight” rating to a “hold” rating and set a $16.00 price target on the stock. in a research note on Thursday, October 30th. Weiss Ratings reissued a “buy (b-)” rating on shares of Coeur Mining in a report on Monday, December 29th. Cormark downgraded Coeur Mining from a “moderate buy” rating to a “hold” rating in a report on Wednesday, October 29th. TD Cowen raised shares of Coeur Mining to a “strong-buy” rating in a research report on Monday, December 1st. Finally, Zacks Research raised shares of Coeur Mining from a “hold” rating to a “strong-buy” rating in a report on Monday, December 29th. Three analysts have rated the stock with a Strong Buy rating, five have assigned a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Buy” and a consensus price target of $18.17.

Coeur Mining Stock Down 4.0%

The company has a quick ratio of 1.10, a current ratio of 2.00 and a debt-to-equity ratio of 0.11. The business’s 50-day moving average is $18.86 and its two-hundred day moving average is $16.14. The stock has a market capitalization of $15.79 billion, a price-to-earnings ratio of 37.25 and a beta of 1.24.

Coeur Mining (NYSE:CDE) last announced its quarterly earnings data on Wednesday, October 29th. The basic materials company reported $0.23 EPS for the quarter, missing analysts’ consensus estimates of $0.25 by ($0.02). The company had revenue of $554.57 million for the quarter, compared to analysts’ expectations of $511.20 million. Coeur Mining had a return on equity of 15.52% and a net margin of 24.03%.The business’s quarterly revenue was up 76.9% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.12 EPS. Equities analysts anticipate that Coeur Mining, Inc. will post 0.58 EPS for the current year.

Institutional Investors Weigh In On Coeur Mining

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. JPMorgan Chase & Co. raised its holdings in Coeur Mining by 84.0% during the second quarter. JPMorgan Chase & Co. now owns 2,881,784 shares of the basic materials company’s stock worth $25,533,000 after purchasing an additional 1,315,348 shares in the last quarter. Voya Investment Management LLC boosted its holdings in shares of Coeur Mining by 246.5% in the 3rd quarter. Voya Investment Management LLC now owns 608,227 shares of the basic materials company’s stock valued at $11,410,000 after buying an additional 432,683 shares in the last quarter. Moody Aldrich Partners LLC purchased a new position in shares of Coeur Mining in the 3rd quarter valued at $5,768,000. Allspring Global Investments Holdings LLC raised its stake in Coeur Mining by 29.5% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 2,368,071 shares of the basic materials company’s stock worth $44,709,000 after acquiring an additional 539,615 shares in the last quarter. Finally, Precision Wealth Strategies LLC purchased a new stake in Coeur Mining in the third quarter valued at $1,169,000. 63.01% of the stock is owned by hedge funds and other institutional investors.

Coeur Mining Company Profile

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.