Coeur Mining (NYSE:CDE) Stock Price Up 5% – Should You Buy?

Coeur Mining, Inc. (NYSE:CDE) rose 5% during trading on Tuesday . The company traded as high as $5.51 and last traded at $5.39. Approximately 1,495,111 shares were traded during trading, a decline of 85% from the average daily volume of 10,039,466 shares. The stock had previously closed at $5.13.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on the stock. TD Securities started coverage on shares of Coeur Mining in a research report on Tuesday. They issued a “buy” rating and a $7.00 price target for the company. BMO Capital Markets initiated coverage on shares of Coeur Mining in a research report on Tuesday, February 18th. They set an “outperform” rating and a $9.00 price objective on the stock. Cormark upgraded shares of Coeur Mining to a “moderate buy” rating in a research report on Thursday, February 20th. Raymond James raised shares of Coeur Mining from a “market perform” rating to an “outperform” rating and cut their target price for the company from $8.75 to $8.25 in a research note on Friday, February 21st. Finally, Roth Mkm dropped their price objective on shares of Coeur Mining from $8.50 to $8.25 and set a “buy” rating for the company in a report on Friday, February 21st. One research analyst has rated the stock with a hold rating, six have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Buy” and an average price target of $8.05.

Coeur Mining Stock Up 4.9 %

The company has a quick ratio of 0.39, a current ratio of 0.83 and a debt-to-equity ratio of 0.50. The company has a 50 day simple moving average of $6.17 and a two-hundred day simple moving average of $6.36. The company has a market capitalization of $3.43 billion, a P/E ratio of 44.83 and a beta of 1.51.

Coeur Mining (NYSE:CDE) last released its earnings results on Wednesday, February 19th. The basic materials company reported $0.11 earnings per share for the quarter, meeting the consensus estimate of $0.11. The firm had revenue of $305.40 million for the quarter, compared to the consensus estimate of $314.32 million. Coeur Mining had a return on equity of 6.59% and a net margin of 5.59%. As a group, equities analysts predict that Coeur Mining, Inc. will post 0.58 EPS for the current year.

Insider Activity

In other Coeur Mining news, CFO Thomas S. Whelan purchased 10,000 shares of the firm’s stock in a transaction that occurred on Wednesday, February 26th. The stock was purchased at an average cost of $5.25 per share, with a total value of $52,500.00. Following the purchase, the chief financial officer now owns 668,450 shares of the company’s stock, valued at approximately $3,509,362.50. The trade was a 1.52 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 1.56% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the stock. GAMMA Investing LLC lifted its stake in Coeur Mining by 139.8% in the fourth quarter. GAMMA Investing LLC now owns 5,761 shares of the basic materials company’s stock worth $33,000 after acquiring an additional 3,359 shares during the period. Quarry LP boosted its position in Coeur Mining by 853.8% during the fourth quarter. Quarry LP now owns 6,667 shares of the basic materials company’s stock valued at $38,000 after purchasing an additional 5,968 shares in the last quarter. Optiver Holding B.V. grew its stake in Coeur Mining by 150.5% in the fourth quarter. Optiver Holding B.V. now owns 8,160 shares of the basic materials company’s stock valued at $47,000 after purchasing an additional 4,903 shares during the last quarter. FNY Investment Advisers LLC bought a new position in Coeur Mining in the fourth quarter worth about $57,000. Finally, DRW Securities LLC purchased a new position in shares of Coeur Mining in the 4th quarter worth approximately $60,000. Hedge funds and other 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.