Coeur Mining (NYSE:CDE) Stock Price Up 6.7% – What’s Next?

Coeur Mining, Inc. (NYSE:CDE)’s share price shot up 6.7% during trading on Monday . The company traded as high as $6.42 and last traded at $6.44. 6,270,642 shares were traded during trading, a decline of 39% from the average session volume of 10,259,549 shares. The stock had previously closed at $6.03.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on the stock. Raymond James raised shares of Coeur Mining from a “market perform” rating to an “outperform” rating and cut their target price for the company from $8.75 to $8.25 in a research note on Friday, February 21st. Roth Mkm reduced their price objective on shares of Coeur Mining from $8.50 to $8.25 and set a “buy” rating on the stock in a research note on Friday, February 21st. Cormark raised Coeur Mining to a “moderate buy” rating in a research note on Thursday, February 20th. BMO Capital Markets started coverage on Coeur Mining in a report on Tuesday, February 18th. They set an “outperform” rating and a $9.00 price objective on the stock. Finally, TD Securities assumed coverage on Coeur Mining in a research note on Tuesday, March 11th. They issued a “buy” rating and a $7.00 target price for the company. One investment analyst has rated the stock with a hold rating, six have assigned a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Buy” and a consensus price target of $8.05.

Coeur Mining Stock Up 1.8 %

The stock has a market cap of $4.18 billion, a price-to-earnings ratio of 54.55 and a beta of 1.51. The company has a quick ratio of 0.39, a current ratio of 0.83 and a debt-to-equity ratio of 0.50. The stock has a fifty day moving average of $6.17 and a two-hundred day moving average of $6.35.

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

Insider Buying and Selling at Coeur Mining

In related news, CFO Thomas S. Whelan acquired 10,000 shares of the business’s stock in a transaction on Wednesday, February 26th. The shares were bought at an average cost of $5.25 per share, with a total value of $52,500.00. Following the completion of the transaction, the chief financial officer now directly owns 668,450 shares of the company’s stock, valued at $3,509,362.50. This trade represents a 1.52 % increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.56% of the stock is currently owned by corporate insiders.

Institutional Trading of Coeur Mining

Hedge funds and other institutional investors have recently modified their holdings of the business. GAMMA Investing LLC increased its position in shares of Coeur Mining by 139.8% during the fourth quarter. GAMMA Investing LLC now owns 5,761 shares of the basic materials company’s stock worth $33,000 after acquiring an additional 3,359 shares during the last quarter. Quarry LP increased its position in shares of Coeur Mining by 853.8% during the fourth quarter. Quarry LP now owns 6,667 shares of the basic materials company’s stock worth $38,000 after acquiring an additional 5,968 shares during the last quarter. Optiver Holding B.V. increased its position in shares of Coeur Mining by 150.5% during the fourth quarter. Optiver Holding B.V. now owns 8,160 shares of the basic materials company’s stock worth $47,000 after acquiring an additional 4,903 shares during the last quarter. FNY Investment Advisers LLC purchased a new stake in shares of Coeur Mining during the fourth quarter worth about $57,000. Finally, ZEGA Investments LLC purchased a new stake in shares of Coeur Mining during the fourth quarter worth about $64,000. 63.01% of the stock is owned by hedge funds and other 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.