Coeur Mining (NYSE:CDE) Shares Up 7.8% – Here’s What Happened

Shares of Coeur Mining, Inc. (NYSE:CDEGet Free Report) rose 7.8% during trading on Thursday . The stock traded as high as $24.73 and last traded at $24.3480. Approximately 7,875,998 shares traded hands during mid-day trading, a decline of 70% from the average daily volume of 26,603,682 shares. The stock had previously closed at $22.59.

Trending Headlines about Coeur Mining

Here are the key news stories impacting Coeur Mining this week:

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on CDE. TD Securities lifted their price target on shares of Coeur Mining from $23.00 to $25.00 and gave the company a “buy” rating in a report on Tuesday, November 11th. Cormark lowered Coeur Mining from a “moderate buy” rating to a “hold” rating in a research report on Wednesday, October 29th. Roth Mkm lifted their target price on Coeur Mining from $20.00 to $23.00 and gave the stock a “buy” rating in a report on Monday, December 15th. Weiss Ratings upgraded Coeur Mining from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Friday, February 13th. Finally, Wall Street Zen upgraded Coeur Mining from a “hold” rating to a “buy” rating in a report on Sunday, December 21st. Three investment analysts have rated the stock with a Strong Buy rating, six have issued a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Buy” and an average price target of $19.29.

Get Our Latest Stock Report on CDE

Coeur Mining Trading Up 5.1%

The stock has a market cap of $15.25 billion, a P/E ratio of 36.18 and a beta of 1.21. The company has a debt-to-equity ratio of 0.11, a quick ratio of 1.10 and a current ratio of 2.00. The stock’s fifty day moving average is $20.68 and its 200 day moving average is $17.47.

Coeur Mining (NYSE:CDEGet Free Report) last issued its quarterly earnings data on Wednesday, February 18th. The basic materials company reported $0.35 earnings per share for the quarter, missing the consensus estimate of $0.43 by ($0.08). The company had revenue of $674.85 million for the quarter, compared to the consensus estimate of $668.70 million. Coeur Mining had a return on equity of 15.52% and a net margin of 24.03%.The company’s revenue was up 120.9% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.11 earnings per share. As a group, equities research analysts predict that Coeur Mining, Inc. will post 0.58 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the company. Triumph Capital Management lifted its holdings in shares of Coeur Mining by 300.0% in the 4th quarter. Triumph Capital Management now owns 1,600 shares of the basic materials company’s stock worth $29,000 after acquiring an additional 1,200 shares during the last quarter. Kingdom Financial Group LLC. purchased a new stake in Coeur Mining in the 4th quarter worth about $32,000. JPL Wealth Management LLC bought a new stake in Coeur Mining in the third quarter worth about $35,000. Covestor Ltd lifted its stake in Coeur Mining by 7,011.5% in the third quarter. Covestor Ltd now owns 1,849 shares of the basic materials company’s stock worth $35,000 after purchasing an additional 1,823 shares during the last quarter. Finally, Kemnay Advisory Services Inc. bought a new position in shares of Coeur Mining during the fourth quarter valued at approximately $33,000. Institutional investors own 63.01% of the company’s stock.

Coeur Mining Company Profile

(Get Free Report)

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.

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