Coeur Mining (NYSE:CDE) Shares Down 4.6% – Time to Sell?

Coeur Mining, Inc. (NYSE:CDE) was down 4.6% during mid-day trading on Tuesday . The stock traded as low as $5.66 and last traded at $5.65. Approximately 7,269,916 shares were traded during mid-day trading, a decline of 34% from the average daily volume of 11,033,589 shares. The stock had previously closed at $5.92.

Analysts Set New Price Targets

Several research analysts have recently weighed in on CDE shares. TD Cowen raised shares of Coeur Mining to a “strong-buy” rating in a report on Tuesday, March 11th. Raymond James raised Coeur Mining from a “market perform” rating to an “outperform” rating and lowered their price target for the company from $8.75 to $8.25 in a report on Friday, February 21st. National Bank Financial raised Coeur Mining to a “strong-buy” rating in a report on Friday, March 21st. TD Securities assumed coverage on shares of Coeur Mining in a research note on Tuesday, March 11th. They issued a “buy” rating and a $7.00 target price on the stock. Finally, BMO Capital Markets began coverage on shares of Coeur Mining in a research note on Tuesday, February 18th. They issued an “outperform” rating and a $9.00 price target for the company. One research analyst has rated the stock with a hold rating, six have assigned a buy rating and three have assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Buy” and an average price target of $8.05.

Coeur Mining Price Performance

The firm’s 50 day simple moving average is $6.17 and its two-hundred day simple moving average is $6.39. The company has a debt-to-equity ratio of 0.50, a current ratio of 0.83 and a quick ratio of 0.39. The firm has a market capitalization of $3.52 billion, a P/E ratio of 45.96 and a beta of 1.51.

Coeur Mining (NYSE:CDE) last announced its quarterly earnings results on Wednesday, February 19th. The basic materials company reported $0.11 EPS for the quarter, hitting analysts’ consensus estimates of $0.11. The business had revenue of $305.40 million for the quarter, compared to analysts’ expectations of $314.32 million. Coeur Mining had a return on equity of 6.59% and a net margin of 5.59%. As a group, analysts predict that Coeur Mining, Inc. will post 0.58 earnings per share for the current year.

Insider Activity at Coeur Mining

In other news, CFO Thomas S. Whelan acquired 10,000 shares of the stock in a transaction dated Wednesday, February 26th. The stock was purchased at an average cost of $5.25 per share, with a total value of $52,500.00. Following the completion of the purchase, the chief financial officer now owns 668,450 shares in the company, valued at approximately $3,509,362.50. The trade was a 1.52 % increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 1.56% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Coeur Mining

Hedge funds and other institutional investors have recently modified their holdings of the stock. PKO Investment Management Joint Stock Co bought a new stake in Coeur Mining during the 4th quarter valued at approximately $1,087,000. Forum Financial Management LP raised its position in shares of Coeur Mining by 58.2% in the 4th quarter. Forum Financial Management LP now owns 18,699 shares of the basic materials company’s stock worth $107,000 after purchasing an additional 6,879 shares during the last quarter. Public Employees Retirement System of Ohio boosted its stake in Coeur Mining by 3,685.4% in the 4th quarter. Public Employees Retirement System of Ohio now owns 181,131 shares of the basic materials company’s stock worth $1,036,000 after purchasing an additional 176,346 shares in the last quarter. Vise Technologies Inc. purchased a new stake in Coeur Mining during the 4th quarter valued at about $66,000. Finally, PharVision Advisers LLC bought a new stake in Coeur Mining during the 4th quarter valued at about $161,000. Hedge funds and other institutional investors own 63.01% of the company’s stock.

Coeur Mining Company Profile

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.