Coeur Mining (NYSE:CDE) Shares Down 4% – Should You Sell?

Coeur Mining, Inc. (NYSE:CDE)’s stock price fell 4% during trading on Monday . The stock traded as low as $16.11 and last traded at $16.4510. 37,579,848 shares changed hands during trading, an increase of 29% from the average session volume of 29,214,506 shares. The stock had previously closed at $17.13.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on CDE. Canaccord Genuity Group lowered shares of Coeur Mining from a “buy” rating to a “hold” rating in a report on Friday, February 20th. TD Cowen raised shares of Coeur Mining to a “strong-buy” rating in a report on Monday, December 1st. Zacks Research cut shares of Coeur Mining from a “strong-buy” rating to a “hold” rating in a research report on Friday, February 20th. BMO Capital Markets assumed coverage on Coeur Mining in a research note on Wednesday, March 25th. They issued an “outperform” rating and a $27.00 price target on the stock. Finally, Weiss Ratings lowered Coeur Mining from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Friday. Two research analysts have rated the stock with a Strong Buy rating, seven have issued a Buy rating and five have assigned a Hold rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $24.67.

Coeur Mining Stock Down 4.0%

The firm has a market capitalization of $10.56 billion, a price-to-earnings ratio of 18.91 and a beta of 1.16. The business’s 50-day moving average is $22.31 and its two-hundred day moving average is $19.32. The company has a debt-to-equity ratio of 0.10, a quick ratio of 1.66 and a current ratio of 2.47.

Coeur Mining (NYSE:CDE) last issued its quarterly earnings data on Wednesday, February 18th. The basic materials company reported $0.35 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.43 by ($0.08). Coeur Mining had a net margin of 28.31% and a return on equity of 18.75%. The firm had revenue of $674.85 million for the quarter, compared to analyst estimates of $668.70 million. During the same quarter in the prior year, the firm posted $0.11 EPS. The firm’s revenue for the quarter was up 120.9% compared to the same quarter last year. On average, equities analysts anticipate that Coeur Mining, Inc. will post 0.58 earnings per share for the current year.

Institutional Trading of Coeur Mining

A number of large investors have recently made changes to their positions in CDE. Allworth Financial LP lifted its holdings in Coeur Mining by 20.9% during the fourth quarter. Allworth Financial LP now owns 2,994 shares of the basic materials company’s stock worth $53,000 after acquiring an additional 517 shares in the last quarter. Baader Bank Aktiengesellschaft increased its holdings in shares of Coeur Mining by 2.8% in the fourth quarter. Baader Bank Aktiengesellschaft now owns 34,090 shares of the basic materials company’s stock worth $608,000 after acquiring an additional 935 shares in the last quarter. Sound Income Strategies LLC increased its holdings 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 in the last quarter. Savant Capital LLC raised its position in shares of Coeur Mining by 2.3% during the third quarter. Savant Capital LLC now owns 46,551 shares of the basic materials company’s stock worth $873,000 after purchasing an additional 1,066 shares during the period. Finally, Rockefeller Capital Management L.P. raised its position in shares of Coeur Mining by 0.9% during the fourth quarter. Rockefeller Capital Management L.P. now owns 122,722 shares of the basic materials company’s stock worth $2,188,000 after purchasing an additional 1,142 shares during the period. Institutional investors own 63.01% of the company’s stock.

About Coeur Mining

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.