Coeur Mining (NYSE:CDE) Trading 8% Higher

Coeur Mining, Inc. (NYSE:CDE)’s share price traded up 8% during mid-day trading on Tuesday . The stock traded as high as $4.60 and last traded at $4.60. 4,918,720 shares changed hands during trading, a decline of 35% from the average session volume of 7,573,546 shares. The stock had previously closed at $4.26.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on the company. BMO Capital Markets increased their price objective on Coeur Mining from $3.50 to $4.25 and gave the stock a “market perform” rating in a research note on Wednesday, April 10th. Roth Capital restated a “buy” rating on shares of Coeur Mining in a report on Tuesday, April 9th. Raymond James increased their target price on Coeur Mining from $3.75 to $4.00 and gave the stock a “market perform” rating in a report on Monday, April 8th. Roth Mkm initiated coverage on Coeur Mining in a report on Tuesday, April 9th. They set a “buy” rating and a $5.40 target price on the stock. Finally, National Bank Financial restated an “outperform spec market weight” rating on shares of Coeur Mining in a report on Monday, April 8th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $4.21.

Coeur Mining Stock Performance

The company has a quick ratio of 0.38, a current ratio of 0.92 and a debt-to-equity ratio of 0.51. The stock has a market cap of $1.88 billion, a P/E ratio of -15.55 and a beta of 1.82. The stock has a fifty day simple moving average of $3.61 and a 200-day simple moving average of $3.07.

Coeur Mining (NYSE:CDE) last issued its earnings results on Wednesday, February 21st. The basic materials company reported ($0.02) earnings per share (EPS) for the quarter. Coeur Mining had a negative return on equity of 7.79% and a negative net margin of 12.62%. The company had revenue of $262.10 million for the quarter. Equities analysts expect that Coeur Mining, Inc. will post -0.08 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Coeur Mining

A number of hedge funds have recently modified their holdings of the business. Atria Wealth Solutions Inc. acquired a new stake in Coeur Mining in the 4th quarter valued at approximately $33,000. Rathbones Group PLC acquired a new stake in Coeur Mining in the 3rd quarter valued at approximately $35,000. Forum Financial Management LP acquired a new stake in Coeur Mining in the 4th quarter valued at approximately $40,000. Ballentine Partners LLC acquired a new stake in Coeur Mining in the 1st quarter valued at approximately $46,000. Finally, &PARTNERS acquired a new stake in Coeur Mining in the 1st quarter valued at approximately $54,000. Institutional investors and hedge funds 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.