Coeur Mining (NYSE:CDE) Trading Down 4.3% – Time to Sell?

Coeur Mining, Inc. (NYSE:CDE) fell 4.3% during mid-day trading on Monday . The company traded as low as $6.15 and last traded at $6.18. 1,842,740 shares changed hands during trading, a decline of 77% from the average session volume of 7,906,955 shares. The stock had previously closed at $6.46.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on CDE. Cantor Fitzgerald upgraded shares of Coeur Mining from a “hold” rating to a “strong-buy” rating in a report on Thursday, November 7th. Raymond James raised their price objective on shares of Coeur Mining from $6.25 to $7.00 and gave the stock a “market perform” rating in a report on Friday, September 20th. Canaccord Genuity Group boosted their price objective on shares of Coeur Mining from $7.00 to $7.75 and gave the company a “buy” rating in a research report on Tuesday, October 8th. StockNews.com upgraded Coeur Mining from a “sell” rating to a “hold” rating in a report on Friday, November 8th. Finally, Roth Mkm restated a “buy” rating and issued a $8.50 price target (down from $9.00) on shares of Coeur Mining in a report on Friday, November 8th. Two investment analysts have rated the stock with a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, Coeur Mining currently has a consensus rating of “Moderate Buy” and a consensus price target of $7.81.

Coeur Mining Stock Down 4.0 %

The firm’s 50-day simple moving average is $6.63 and its 200 day simple moving average is $6.19. The company has a debt-to-equity ratio of 0.53, a quick ratio of 0.39 and a current ratio of 1.09. The stock has a market capitalization of $2.48 billion, a P/E ratio of -213.26 and a beta of 1.65.

Coeur Mining (NYSE:CDE) last announced its quarterly earnings data on Wednesday, November 6th. The basic materials company reported $0.12 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.07 by $0.05. The company had revenue of $313.50 million for the quarter, compared to analysts’ expectations of $289.19 million. Coeur Mining had a positive return on equity of 1.78% and a negative net margin of 0.44%. The business’s revenue was up 61.1% compared to the same quarter last year. During the same quarter in the prior year, the business posted ($0.05) EPS. As a group, research analysts expect that Coeur Mining, Inc. will post 0.15 EPS for the current year.

Hedge Funds Weigh In On Coeur Mining

A number of hedge funds have recently added to or reduced their stakes in CDE. Price T Rowe Associates Inc. MD boosted its position in Coeur Mining by 6.1% in the first quarter. Price T Rowe Associates Inc. MD now owns 333,840 shares of the basic materials company’s stock valued at $1,259,000 after buying an additional 19,222 shares in the last quarter. B. Riley Wealth Advisors Inc. grew its position in Coeur Mining by 7.4% during the 1st quarter. B. Riley Wealth Advisors Inc. now owns 101,216 shares of the basic materials company’s stock worth $382,000 after acquiring an additional 7,000 shares during the last quarter. California State Teachers Retirement System raised its position in Coeur Mining by 3.0% in the first quarter. California State Teachers Retirement System now owns 380,213 shares of the basic materials company’s stock valued at $1,433,000 after purchasing an additional 11,183 shares during the last quarter. Kingswood Wealth Advisors LLC boosted its stake in shares of Coeur Mining by 14.9% during the second quarter. Kingswood Wealth Advisors LLC now owns 54,000 shares of the basic materials company’s stock valued at $303,000 after purchasing an additional 7,000 shares in the last quarter. Finally, CWM LLC boosted its stake in shares of Coeur Mining by 831.5% during the second quarter. CWM LLC now owns 5,030 shares of the basic materials company’s stock valued at $28,000 after purchasing an additional 4,490 shares in the last quarter. Institutional investors own 63.01% of the company’s stock.

Coeur Mining Company Profile

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.