Coeur Mining (NYSE:CDE) Trading 6% Higher – Still a Buy?

Coeur Mining, Inc. (NYSE:CDE)’s stock price traded up 6% during mid-day trading on Wednesday . The company traded as high as $16.20 and last traded at $16.2210. Approximately 3,711,331 shares traded hands during trading, a decline of 87% from the average daily volume of 28,441,057 shares. The stock had previously closed at $15.30.

Wall Street Analysts Forecast Growth

A number of research firms have commented on CDE. Roth Capital reaffirmed a “buy” rating and set a $25.00 price target on shares of Coeur Mining in a research report on Friday, May 8th. Wall Street Zen lowered Coeur Mining from a “buy” rating to a “hold” rating in a research report on Saturday, May 9th. BMO Capital Markets started coverage on Coeur Mining in a research note on Wednesday, March 25th. They set an “outperform” rating and a $27.00 target price on the stock. Canaccord Genuity Group upgraded Coeur Mining from a “hold” rating to a “buy” rating and set a $26.00 target price for the company in a report on Wednesday, April 29th. Finally, Zacks Research lowered Coeur Mining from a “hold” rating to a “strong sell” rating in a research note on Friday, July 10th. One investment analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating, three have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, Coeur Mining has an average rating of “Moderate Buy” and an average target price of $26.39.

Coeur Mining Price Performance

The stock has a market cap of $16.56 billion, a PE ratio of 13.82 and a beta of 1.29. The business has a fifty day simple moving average of $17.01 and a two-hundred day simple moving average of $19.56. The company has a current ratio of 3.73, a quick ratio of 2.14 and a debt-to-equity ratio of 0.07.

Coeur Mining (NYSE:CDE) last released its quarterly earnings results on Wednesday, May 6th. The basic materials company reported $0.36 earnings per share for the quarter, missing the consensus estimate of $0.37 by ($0.01). The firm had revenue of $856.19 million for the quarter, compared to the consensus estimate of $815.59 million. Coeur Mining had a net margin of 31.15% and a return on equity of 15.38%. The company’s revenue for the quarter was up 137.8% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.11 earnings per share. Research analysts forecast that Coeur Mining, Inc. will post 1.25 earnings per share for the current year.

Coeur Mining Announces Dividend

The company also recently disclosed a dividend, which was paid on Wednesday, June 10th. Shareholders of record on Friday, May 22nd were given a dividend of $0.02 per share. The ex-dividend date of this dividend was Friday, May 22nd. This represents a yield of 23.0%. Coeur Mining’s dividend payout ratio (DPR) is currently 3.45%.

Insider Activity at Coeur Mining

In other news, CAO Kenneth J. Watkinson sold 39,000 shares of the company’s stock in a transaction dated Monday, June 1st. The shares were sold at an average price of $18.60, for a total value of $725,400.00. Following the sale, the chief accounting officer directly owned 77,204 shares of the company’s stock, valued at $1,435,994.40. This represents a 33.56% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 0.90% of the company’s stock.

Institutional Investors Weigh In On Coeur Mining

Several hedge funds have recently bought and sold shares of the business. Triumph Capital Management grew its holdings in Coeur Mining by 300.0% in the fourth quarter. Triumph Capital Management now owns 1,600 shares of the basic materials company’s stock worth $29,000 after purchasing an additional 1,200 shares during the period. Versant Capital Management Inc lifted its holdings in shares of Coeur Mining by 105.0% during the second quarter. Versant Capital Management Inc now owns 1,601 shares of the basic materials company’s stock valued at $26,000 after purchasing an additional 820 shares during the last quarter. Kingdom Financial Group LLC. purchased a new position in shares of Coeur Mining during the fourth quarter valued at approximately $32,000. JPL Wealth Management LLC purchased a new position in shares of Coeur Mining during the third quarter valued at approximately $35,000. Finally, Kemnay Advisory Services Inc. bought a new stake in shares of Coeur Mining in the 4th quarter worth approximately $33,000. Institutional investors own 63.01% of the company’s stock.

Coeur Mining Company Profile

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.