Coeur Mining (NYSE:CDE) Stock Price Down 5.2% – Should You Sell?

Coeur Mining, Inc. (NYSE:CDE) fell 5.2% during trading on Friday . The stock traded as low as $6.88 and last traded at $6.85. 11,732,533 shares changed hands during mid-day trading, a decline of 23% from the average session volume of 15,163,146 shares. The stock had previously closed at $7.22.

Analyst Ratings Changes

Several analysts recently issued reports on CDE shares. StockNews.com raised Coeur Mining from a “sell” rating to a “hold” rating in a research note on Friday, November 8th. Roth Mkm reissued a “buy” rating and set a $8.50 target price (down previously from $9.00) on shares of Coeur Mining in a research note on Friday, November 8th. Finally, Cantor Fitzgerald raised Coeur Mining from a “hold” rating to a “strong-buy” rating in a research note on Thursday, November 7th. Two analysts have rated the stock with a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $7.81.

Coeur Mining Price Performance

The firm has a fifty day simple moving average of $6.39 and a two-hundred day simple moving average of $6.39. The company has a debt-to-equity ratio of 0.53, a quick ratio of 0.39 and a current ratio of 1.09.

Hedge Funds Weigh In On Coeur Mining

A number of institutional investors and hedge funds have recently modified their holdings of CDE. GAMMA Investing LLC boosted its holdings in Coeur Mining by 139.8% during the 4th quarter. GAMMA Investing LLC now owns 5,761 shares of the basic materials company’s stock valued at $33,000 after acquiring an additional 3,359 shares during the period. Quarry LP boosted its holdings in Coeur Mining by 853.8% during the 4th quarter. Quarry LP now owns 6,667 shares of the basic materials company’s stock valued at $38,000 after acquiring an additional 5,968 shares during the period. Optiver Holding B.V. boosted its holdings in Coeur Mining by 150.5% during the 4th quarter. Optiver Holding B.V. now owns 8,160 shares of the basic materials company’s stock valued at $47,000 after acquiring an additional 4,903 shares during the period. FNY Investment Advisers LLC purchased a new position in Coeur Mining during the 4th quarter valued at $57,000. Finally, DRW Securities LLC purchased a new position in Coeur Mining during the 4th quarter valued at $60,000. Hedge funds and other institutional investors own 63.01% of the company’s stock.

About Coeur Mining

Coeur Mining, Inc explores for precious metals in the United States, Canada, and Mexico. The company primarily explores for gold, silver, zinc, and lead properties. It markets and sells its concentrates to third-party customers, smelters, under off-take agreements. The company was formerly known as Coeur d'Alene Mines Corporation and changed its name to Coeur Mining, Inc in May 2013.