Coeur Mining (NYSE:CDE) Sees Strong Trading Volume

Coeur Mining, Inc. (NYSE:CDE) saw unusually-high trading volume on Monday . Approximately 7,001,197 shares traded hands during trading, a decline of 5% from the previous session’s volume of 7,335,774 shares.The stock last traded at $7.01 and had previously closed at $7.28.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on CDE shares. Roth Mkm restated a “buy” rating and set a $8.00 target price (up previously from $7.25) on shares of Coeur Mining in a report on Friday, August 9th. BMO Capital Markets increased their price target on shares of Coeur Mining from $6.75 to $7.50 and gave the stock an “outperform” rating in a research report on Friday, July 12th. Raymond James increased their price objective on shares of Coeur Mining from $5.75 to $6.25 and gave the stock a “market perform” rating in a research note on Friday, August 9th. Finally, Cantor Fitzgerald lowered shares of Coeur Mining from an “overweight” rating to a “neutral” rating in a research note on Thursday, August 8th. One analyst has rated the stock with a sell rating, two have given a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $6.44.

Coeur Mining Stock Performance

The stock has a market capitalization of $2.70 billion, a price-to-earnings ratio of -21.77 and a beta of 1.64. The company has a quick ratio of 0.45, a current ratio of 1.20 and a debt-to-equity ratio of 0.59. The stock’s 50-day simple moving average is $6.11 and its 200 day simple moving average is $5.28.

Coeur Mining (NYSE:CDE) last issued its quarterly earnings data on Wednesday, August 7th. The basic materials company reported ($0.01) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.02) by $0.01. The firm had revenue of $222.03 million during the quarter, compared to analysts’ expectations of $242.18 million. Coeur Mining had a negative net margin of 8.33% and a negative return on equity of 4.59%. The business’s revenue for the quarter was up 25.3% on a year-over-year basis. During the same quarter in the previous year, the company earned ($0.06) earnings per share. Analysts expect that Coeur Mining, Inc. will post 0.08 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Coeur Mining

Large investors have recently modified their holdings of the stock. CWM LLC boosted its stake in shares of Coeur Mining by 831.5% in the 2nd 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. Ballentine Partners LLC bought a new stake in shares of Coeur Mining in the 1st quarter valued at $46,000. StoneX Group Inc. bought a new stake in shares of Coeur Mining in the 1st quarter valued at $49,000. Point72 Asia Singapore Pte. Ltd. acquired a new stake in Coeur Mining in the 2nd quarter valued at $49,000. Finally, &PARTNERS acquired a new stake in Coeur Mining in the 1st quarter valued at $54,000. 63.01% of the stock is owned by institutional investors.

About Coeur Mining

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.