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

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

Wall Street Analyst Weigh In

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

Coeur Mining Price Performance

The company has a debt-to-equity ratio of 0.53, a current ratio of 1.09 and a quick ratio of 0.39. The company has a 50-day moving average price of $6.39 and a 200 day moving average price of $6.39.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in CDE. CWM LLC increased its position in Coeur Mining by 93.2% during the 3rd quarter. CWM LLC now owns 9,716 shares of the basic materials company’s stock valued at $67,000 after buying an additional 4,686 shares in the last quarter. Creative Planning increased its position in Coeur Mining by 27.7% during the 3rd quarter. Creative Planning now owns 41,046 shares of the basic materials company’s stock valued at $282,000 after buying an additional 8,914 shares in the last quarter. U S Global Investors Inc. increased its position in Coeur Mining by 160.4% during the 3rd quarter. U S Global Investors Inc. now owns 586,000 shares of the basic materials company’s stock valued at $4,032,000 after buying an additional 361,000 shares in the last quarter. International Assets Investment Management LLC acquired a new position in Coeur Mining during the 3rd quarter valued at about $142,000. Finally, Assenagon Asset Management S.A. increased its position in Coeur Mining by 37.5% during the 3rd quarter. Assenagon Asset Management S.A. now owns 437,322 shares of the basic materials company’s stock valued at $3,009,000 after buying an additional 119,345 shares in the last quarter. 63.01% of the stock is owned by institutional investors.

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.