Coeur Mining (NYSE:CDE) Trading 10.1% Higher – Still a Buy?

Coeur Mining, Inc. (NYSE:CDE)’s stock price shot up 10.1% during trading on Friday . The company traded as high as $21.08 and last traded at $21.0460. 3,472,614 shares were traded during mid-day trading, a decline of 88% from the average session volume of 28,133,318 shares. The stock had previously closed at $19.11.

Analyst Ratings Changes

A number of research firms have issued reports on CDE. TD Cowen upgraded shares of Coeur Mining to a “strong-buy” rating in a research note on Monday, December 1st. Zacks Research raised shares of Coeur Mining from a “hold” rating to a “strong-buy” rating in a research note on Monday, December 29th. Cormark cut shares of Coeur Mining from a “moderate buy” rating to a “hold” rating in a report on Wednesday, October 29th. TD Securities raised their target price on Coeur Mining from $23.00 to $25.00 and gave the company a “buy” rating in a report on Tuesday, November 11th. Finally, Raymond James Financial set a $21.00 price target on Coeur Mining in a research report on Thursday, October 30th. Three research analysts have rated the stock with a Strong Buy rating, four have issued a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat, Coeur Mining presently has an average rating of “Buy” and an average target price of $18.17.

Coeur Mining Stock Up 12.2%

The stock has a market cap of $13.76 billion, a P/E ratio of 32.38 and a beta of 1.21. The company has a current ratio of 2.00, a quick ratio of 1.10 and a debt-to-equity ratio of 0.11. The firm’s fifty day moving average is $19.59 and its 200 day moving average is $16.59.

Institutional Trading of Coeur Mining

Several hedge funds have recently added to or reduced their stakes in CDE. Van ECK Associates Corp grew its holdings in Coeur Mining by 55.8% in the 3rd quarter. Van ECK Associates Corp now owns 66,002,193 shares of the basic materials company’s stock valued at $1,238,201,000 after buying an additional 23,646,265 shares during the last quarter. Tidal Investments LLC boosted its position in shares of Coeur Mining by 55.3% in the second quarter. Tidal Investments LLC now owns 20,734,671 shares of the basic materials company’s stock valued at $183,709,000 after acquiring an additional 7,382,955 shares during the period. Arrowstreet Capital Limited Partnership grew its stake in shares of Coeur Mining by 212.0% in the second quarter. Arrowstreet Capital Limited Partnership now owns 10,321,169 shares of the basic materials company’s stock worth $91,446,000 after acquiring an additional 7,013,222 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in Coeur Mining by 36.3% during the third quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 23,857,511 shares of the basic materials company’s stock worth $447,567,000 after acquiring an additional 6,352,828 shares during the period. Finally, American Century Companies Inc. increased its position in Coeur Mining by 136.1% during the second quarter. American Century Companies Inc. now owns 2,759,607 shares of the basic materials company’s stock worth $24,450,000 after acquiring an additional 1,591,008 shares during the period. Institutional investors 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.