Coeur Mining (NYSE:CDE) Trading Up 11.1% – Time to Buy?

Coeur Mining, Inc. (NYSE:CDE) rose 11.1% during trading on Monday . The stock traded as high as $7.40 and last traded at $7.39. Approximately 9,457,161 shares traded hands during mid-day trading, an increase of 19% from the average daily volume of 7,971,423 shares. The stock had previously closed at $6.65.

Analyst Ratings Changes

CDE has been the topic of a number of research reports. Raymond James increased their target price on shares of Coeur Mining from $6.25 to $7.00 and gave the stock a “market perform” rating in a report on Friday, September 20th. BMO Capital Markets boosted their target price on Coeur Mining from $7.50 to $8.00 and gave the stock an “outperform” rating in a research note on Monday, September 23rd. StockNews.com raised Coeur Mining from a “sell” rating to a “hold” rating in a research report on Friday, November 8th. Roth Mkm reissued a “buy” rating and set a $8.50 price objective (down from $9.00) on shares of Coeur Mining in a research report on Friday, November 8th. Finally, Cantor Fitzgerald raised shares of Coeur Mining from a “hold” rating to a “strong-buy” rating in a report on Thursday, November 7th. Two research 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. Based on data from MarketBeat, Coeur Mining presently has a consensus rating of “Moderate Buy” and an average target price of $7.81.

Coeur Mining Stock Performance

The company has a quick ratio of 0.39, a current ratio of 1.09 and a debt-to-equity ratio of 0.53. The company has a market cap of $2.95 billion, a PE ratio of -233.26 and a beta of 1.60. The firm has a fifty day simple moving average of $6.57 and a 200-day simple moving average of $6.23.

Coeur Mining (NYSE:CDE) last issued its quarterly earnings data on Wednesday, November 6th. The basic materials company reported $0.12 earnings per share for the quarter, beating analysts’ consensus estimates of $0.07 by $0.05. The company had revenue of $313.50 million during the quarter, compared to analysts’ expectations of $289.19 million. Coeur Mining had a positive return on equity of 1.78% and a negative net margin of 0.44%. The firm’s revenue for the quarter was up 61.1% on a year-over-year basis. During the same quarter in the previous year, the business earned ($0.05) earnings per share. On average, research analysts forecast that Coeur Mining, Inc. will post 0.15 EPS for the current fiscal year.

Hedge Funds Weigh In On Coeur Mining

Several institutional investors have recently added to or reduced their stakes in the stock. CWM LLC boosted its holdings in shares of Coeur Mining by 831.5% in the second quarter. CWM LLC now owns 5,030 shares of the basic materials company’s stock valued at $28,000 after acquiring an additional 4,490 shares in the last quarter. Point72 Asia Singapore Pte. Ltd. acquired a new stake in Coeur Mining in the second quarter valued at about $49,000. Hohimer Wealth Management LLC purchased a new stake in Coeur Mining in the 2nd quarter valued at approximately $57,000. WINTON GROUP Ltd acquired a new position in Coeur Mining during the 2nd quarter worth approximately $57,000. Finally, CIBC Asset Management Inc purchased a new position in shares of Coeur Mining during the 2nd quarter worth approximately $59,000. Institutional investors and hedge funds 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.