Coeur Mining (NYSE:CDE) Trading Up 5.6% – Still a Buy?

Coeur Mining, Inc. (NYSE:CDEGet Free Report) shares shot up 5.6% on Friday . The company traded as high as $17.47 and last traded at $17.08. 34,208,871 shares changed hands during trading, an increase of 17% from the average session volume of 29,195,816 shares. The stock had previously closed at $16.17.

Trending Headlines about Coeur Mining

Here are the key news stories impacting Coeur Mining this week:

Analysts Set New Price Targets

Several research firms have recently issued reports on CDE. Canaccord Genuity Group downgraded shares of Coeur Mining from a “buy” rating to a “hold” rating in a research note on Friday, February 20th. Weiss Ratings upgraded Coeur Mining from a “hold (c+)” rating to a “buy (b-)” rating in a report on Friday, March 13th. Canadian Imperial Bank of Commerce began coverage on Coeur Mining in a report on Tuesday, March 10th. They set an “outperform” rating and a $40.00 target price on the stock. Zacks Research lowered Coeur Mining from a “strong-buy” rating to a “hold” rating in a research report on Friday, February 20th. Finally, Royal Bank Of Canada increased their price target on Coeur Mining from $22.00 to $26.00 and gave the company an “outperform” rating in a research note on Thursday, February 12th. Two research analysts have rated the stock with a Strong Buy rating, eight have issued a Buy rating and four have given a Hold rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $24.67.

View Our Latest Stock Report on CDE

Coeur Mining Stock Performance

The company has a debt-to-equity ratio of 0.10, a quick ratio of 1.66 and a current ratio of 2.47. The stock’s 50 day moving average price is $22.42 and its 200 day moving average price is $19.24. The company has a market capitalization of $10.96 billion, a P/E ratio of 19.63 and a beta of 1.16.

Coeur Mining (NYSE:CDEGet Free Report) last announced its earnings results on Wednesday, February 18th. The basic materials company reported $0.35 earnings per share for the quarter, missing analysts’ consensus estimates of $0.43 by ($0.08). The firm had revenue of $674.85 million for the quarter, compared to the consensus estimate of $668.70 million. Coeur Mining had a return on equity of 18.75% and a net margin of 28.31%.Coeur Mining’s quarterly revenue was up 120.9% on a year-over-year basis. During the same period in the prior year, the business earned $0.11 EPS. As a group, equities analysts expect that Coeur Mining, Inc. will post 0.58 EPS for the current year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Van ECK Associates Corp grew its stake in Coeur Mining by 55.8% during the third quarter. Van ECK Associates Corp now owns 66,002,193 shares of the basic materials company’s stock worth $1,238,201,000 after purchasing an additional 23,646,265 shares during the period. Tidal Investments LLC boosted its holdings in shares of Coeur Mining by 55.3% during the 2nd quarter. Tidal Investments LLC now owns 20,734,671 shares of the basic materials company’s stock worth $183,709,000 after buying an additional 7,382,955 shares in the last quarter. Norges Bank bought a new position in shares of Coeur Mining during the 4th quarter worth approximately $128,389,000. Arrowstreet Capital Limited Partnership grew its position in shares of Coeur Mining by 212.0% during the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 10,321,169 shares of the basic materials company’s stock worth $91,446,000 after buying an additional 7,013,222 shares during the period. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in shares of Coeur Mining by 36.3% in the 3rd quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 23,857,511 shares of the basic materials company’s stock valued at $447,567,000 after acquiring an additional 6,352,828 shares in the last quarter. 63.01% of the stock is owned by institutional investors and hedge funds.

About Coeur Mining

(Get Free Report)

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.

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