Coeur Mining (NYSE:CDE) Stock Price Up 11.1% – What’s Next?

Coeur Mining, Inc. (NYSE:CDE)’s share price traded up 11.1% during trading on Monday . The company traded as high as $7.40 and last traded at $7.39. 9,457,161 shares were traded during mid-day trading, an increase of 19% from the average session volume of 7,971,423 shares. The stock had previously closed at $6.65.

Wall Street Analyst Weigh In

Several brokerages have commented on CDE. BMO Capital Markets boosted their target price on shares of Coeur Mining from $7.50 to $8.00 and gave the stock an “outperform” rating in a research report on Monday, September 23rd. Roth Mkm reissued a “buy” rating and set a $8.50 price objective (down previously from $9.00) on shares of Coeur Mining in a report on Friday, November 8th. Cantor Fitzgerald upgraded shares of Coeur Mining from a “hold” rating to a “strong-buy” rating in a research report on Thursday, November 7th. Raymond James lifted their price target on shares of Coeur Mining from $6.25 to $7.00 and gave the company a “market perform” rating in a research report on Friday, September 20th. Finally, StockNews.com upgraded Coeur Mining from a “sell” rating to a “hold” rating in a report on Friday, November 8th. Two analysts have rated the stock with a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, Coeur Mining currently has a consensus rating of “Moderate Buy” and an average target price of $7.81.

Coeur Mining Trading Up 5.6 %

The company has a market cap of $2.95 billion, a price-to-earnings ratio of -233.26 and a beta of 1.60. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.09 and a quick ratio of 0.39. The business’s 50-day simple moving average is $6.57 and its 200-day simple moving average is $6.23.

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

Institutional Investors Weigh In On Coeur Mining

Hedge funds have recently modified their holdings of the company. Van ECK Associates Corp lifted its stake in shares of Coeur Mining by 1.1% during the third quarter. Van ECK Associates Corp now owns 34,469,783 shares of the basic materials company’s stock valued at $251,629,000 after buying an additional 365,115 shares during the period. Geode Capital Management LLC lifted its stake in shares of Coeur Mining by 1.0% during the 3rd quarter. Geode Capital Management LLC now owns 9,146,107 shares of the basic materials company’s stock worth $62,937,000 after purchasing an additional 89,863 shares during the period. American Century Companies Inc. lifted its stake in shares of Coeur Mining by 248.1% during the 2nd quarter. American Century Companies Inc. now owns 6,463,587 shares of the basic materials company’s stock worth $36,325,000 after purchasing an additional 4,606,711 shares during the period. Millennium Management LLC boosted its holdings in shares of Coeur Mining by 2.6% during the second quarter. Millennium Management LLC now owns 2,833,850 shares of the basic materials company’s stock worth $15,926,000 after purchasing an additional 72,423 shares during the last quarter. Finally, First Eagle Investment Management LLC grew its position in shares of Coeur Mining by 4.0% in the second quarter. First Eagle Investment Management LLC now owns 2,453,721 shares of the basic materials company’s stock valued at $13,790,000 after purchasing an additional 93,500 shares during the period. 63.01% of the stock is owned by institutional investors and hedge funds.

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.