Coeur Mining (NYSE:CDE) Trading 10.9% Higher – Should You Buy?

Coeur Mining, Inc. (NYSE:CDE)’s stock price traded up 10.9% on Thursday . The stock traded as high as $25.44 and last traded at $25.4040. 12,190,485 shares changed hands during mid-day trading, a decline of 47% from the average session volume of 23,198,516 shares. The stock had previously closed at $22.91.

Wall Street Analyst Weigh In

CDE has been the subject of several analyst reports. Raymond James Financial set a $21.00 target price on Coeur Mining in a research report on Thursday, October 30th. Weiss Ratings restated a “buy (b-)” rating on shares of Coeur Mining in a report on Monday, December 29th. TD Cowen upgraded shares of Coeur Mining to a “strong-buy” rating in a report on Monday, December 1st. Cormark lowered shares of Coeur Mining from a “moderate buy” rating to a “hold” rating in a report on Wednesday, October 29th. Finally, Zacks Research upgraded shares of Coeur Mining from a “hold” rating to a “strong-buy” rating in a research report on Monday, December 29th. Three research analysts have rated the stock with a Strong Buy rating, five have assigned a Buy rating and two have given a Hold rating to the stock. According to MarketBeat, the company currently has an average rating of “Buy” and an average target price of $18.17.

Coeur Mining Stock Performance

The company has a debt-to-equity ratio of 0.11, a current ratio of 2.00 and a quick ratio of 1.10. The stock’s 50 day simple moving average is $17.76 and its two-hundred day simple moving average is $15.56. The stock has a market cap of $16.55 billion, a P/E ratio of 39.05 and a beta of 1.24.

Coeur Mining (NYSE:CDE) last issued its quarterly earnings data on Wednesday, October 29th. The basic materials company reported $0.23 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.25 by ($0.02). Coeur Mining had a return on equity of 15.52% and a net margin of 24.03%.The company had revenue of $554.57 million for the quarter, compared to the consensus estimate of $511.20 million. During the same period in the prior year, the company earned $0.12 EPS. The firm’s revenue was up 76.9% on a year-over-year basis. As a group, research analysts forecast that Coeur Mining, Inc. will post 0.58 EPS for the current year.

Institutional Trading of Coeur Mining

Hedge funds and other institutional investors have recently modified their holdings of the stock. AQR Capital Management LLC raised its stake in Coeur Mining by 60.2% in the 1st quarter. AQR Capital Management LLC now owns 748,907 shares of the basic materials company’s stock worth $4,434,000 after purchasing an additional 281,489 shares in the last quarter. Goldman Sachs Group Inc. increased its holdings in shares of Coeur Mining by 18.1% during the first quarter. Goldman Sachs Group Inc. now owns 8,352,940 shares of the basic materials company’s stock worth $49,449,000 after purchasing an additional 1,278,110 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its position in shares of Coeur Mining by 122.6% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 2,431,244 shares of the basic materials company’s stock valued at $14,393,000 after buying an additional 1,339,138 shares in the last quarter. Focus Partners Wealth bought a new stake in shares of Coeur Mining in the first quarter valued at approximately $60,000. Finally, Intech Investment Management LLC boosted its stake in shares of Coeur Mining by 58.4% in the first quarter. Intech Investment Management LLC now owns 269,203 shares of the basic materials company’s stock valued at $1,594,000 after buying an additional 99,256 shares during the period. Institutional investors and hedge funds own 63.01% of the company’s stock.

About Coeur Mining

Coeur Mining, Inc is a publicly traded precious metals mining company headquartered in Chicago, Illinois. The company specializes in the exploration, development and production of silver and gold deposits, with a focus on high-grade underground and open-pit operations. Through a combination of operating mines and advanced exploration projects, Coeur Mining seeks to deliver consistent production of silver and gold bullion while maintaining industry standards for safety, environmental stewardship and cost management.

Coeur Mining’s portfolio includes five principal operating mines and several exploration projects across North America and Australia.