Coeur Mining (NYSE:CDE) Shares Down 2.6% – Should You Sell?

Coeur Mining, Inc. (NYSE:CDE) was down 2.6% on Monday . The company traded as low as $25.27 and last traded at $25.44. Approximately 39,165,274 shares changed hands during mid-day trading, an increase of 49% from the average daily volume of 26,319,035 shares. The stock had previously closed at $26.11.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on the company. Zacks Research raised Coeur Mining from a “hold” rating to a “strong-buy” rating in a research note on Monday, December 29th. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Coeur Mining in a research note on Monday, December 29th. Roth Mkm increased their price target on shares of Coeur Mining from $20.00 to $23.00 and gave the company a “buy” rating in a research report on Monday, December 15th. Raymond James Financial set a $21.00 price target on shares of Coeur Mining in a report on Thursday, October 30th. Finally, Cantor Fitzgerald lowered shares of Coeur Mining from an “overweight” rating to a “hold” rating and set a $16.00 target price for the company. in a report on Thursday, October 30th. Three investment analysts have rated the stock with a Strong Buy rating, five have assigned a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus price target of $18.17.

Coeur Mining Price Performance

The company has a market cap of $16.34 billion, a PE ratio of 38.55 and a beta of 1.24. The firm’s 50-day moving average is $18.41 and its 200-day moving average is $15.96. The company has a quick ratio of 1.10, a current ratio of 2.00 and a debt-to-equity ratio of 0.11.

Coeur Mining (NYSE:CDE) last issued its quarterly earnings data on Wednesday, October 29th. The basic materials company reported $0.23 EPS for the quarter, missing the consensus estimate of $0.25 by ($0.02). The company had revenue of $554.57 million during 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% on a year-over-year basis. During the same quarter last year, the business earned $0.12 earnings per share. On average, 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 hedge funds and other institutional investors have recently bought and sold shares of the business. EverSource Wealth Advisors LLC lifted its holdings in shares of Coeur Mining by 74.2% during the second quarter. EverSource Wealth Advisors LLC now owns 3,368 shares of the basic materials company’s stock valued at $30,000 after purchasing an additional 1,435 shares during the last quarter. Covestor Ltd increased its position in Coeur Mining by 7,011.5% during the 3rd quarter. Covestor Ltd now owns 1,849 shares of the basic materials company’s stock valued at $35,000 after buying an additional 1,823 shares in the last quarter. JPL Wealth Management LLC purchased a new position in Coeur Mining during the third quarter valued at $35,000. Lodestone Wealth Management LLC bought a new stake in Coeur Mining in the fourth quarter worth $36,000. Finally, Sound Income Strategies LLC grew its stake in shares of Coeur Mining by 99.2% in the fourth quarter. Sound Income Strategies LLC now owns 2,000 shares of the basic materials company’s stock worth $36,000 after acquiring an additional 996 shares during the last quarter. Hedge funds and other institutional investors own 63.01% of the company’s stock.

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.