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

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

Analysts Set New Price Targets

A number of analysts recently issued reports on CDE shares. TD Securities upped their target price on Coeur Mining from $23.00 to $25.00 and gave the company a “buy” rating in a research report on Tuesday, November 11th. Weiss Ratings reissued a “buy (b-)” rating on shares of Coeur Mining in a report on Monday, December 29th. Roth Mkm lifted their target price on shares of Coeur Mining from $20.00 to $23.00 and gave the company a “buy” rating in a report on Monday, December 15th. Zacks Research upgraded shares of Coeur Mining from a “hold” rating to a “strong-buy” rating in a research report on Monday, December 29th. Finally, Cantor Fitzgerald downgraded shares of Coeur Mining from an “overweight” rating to a “hold” rating and set a $16.00 price objective on the stock. in a research report on Thursday, October 30th. Three equities research analysts have rated the stock with a Strong Buy rating, five have assigned a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Buy” and a consensus target price of $18.17.

Coeur Mining Trading 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 company’s fifty day moving average price is $18.86 and its two-hundred day moving average price is $16.14. The firm has a market cap of $15.79 billion, a PE 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). Coeur Mining had a net margin of 24.03% and a return on equity of 15.52%. The firm had revenue of $554.57 million during the quarter, compared to analyst estimates of $511.20 million. During the same quarter in the previous year, the business earned $0.12 EPS. Coeur Mining’s revenue for the quarter was up 76.9% on a year-over-year basis. As a group, sell-side analysts forecast that Coeur Mining, Inc. will post 0.58 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of CDE. JPL Wealth Management LLC acquired a new stake in Coeur Mining in the third quarter valued at $35,000. Covestor Ltd increased its holdings in shares of Coeur Mining by 7,011.5% in the 3rd quarter. Covestor Ltd now owns 1,849 shares of the basic materials company’s stock valued at $35,000 after purchasing an additional 1,823 shares in the last quarter. Lodestone Wealth Management LLC acquired a new stake in shares of Coeur Mining in the fourth quarter valued at about $36,000. Sound Income Strategies LLC boosted its holdings in Coeur Mining by 99.2% during the fourth quarter. Sound Income Strategies LLC now owns 2,000 shares of the basic materials company’s stock worth $36,000 after buying an additional 996 shares in the last quarter. Finally, Bogart Wealth LLC acquired a new position in Coeur Mining during the third quarter worth about $62,000. Hedge funds and other 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.