Coeur Mining (NYSE:CDE) Stock Price Down 4% – Time to Sell?

Coeur Mining, Inc. (NYSE:CDE) fell 4% during mid-day trading on Monday . The company traded as low as $16.11 and last traded at $16.4510. 37,579,848 shares traded hands during trading, an increase of 29% from the average session volume of 29,214,506 shares. The stock had previously closed at $17.13.

Analyst Ratings Changes

Several brokerages have commented on CDE. Canaccord Genuity Group lowered shares of Coeur Mining from a “buy” rating to a “hold” rating in a research report on Friday, February 20th. Canadian Imperial Bank of Commerce initiated coverage on shares of Coeur Mining in a research note on Tuesday, March 10th. They set an “outperform” rating and a $40.00 price target for the company. BMO Capital Markets started coverage on shares of Coeur Mining in a report on Wednesday, March 25th. They issued an “outperform” rating and a $27.00 price target on the stock. Wall Street Zen upgraded Coeur Mining from a “hold” rating to a “buy” rating in a research note on Sunday, December 21st. Finally, ATB Cormark Capital Markets raised Coeur Mining from a “hold” rating to a “moderate buy” rating in a research report on Tuesday, March 24th. Two investment analysts have rated the stock with a Strong Buy rating, seven have assigned a Buy rating and five have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $24.67.

Coeur Mining Price Performance

The company has a quick ratio of 1.66, a current ratio of 2.47 and a debt-to-equity ratio of 0.10. The stock has a market cap of $12.23 billion, a P/E ratio of 21.90 and a beta of 1.16. The business’s 50-day simple moving average is $22.10 and its two-hundred day simple moving average is $19.35.

Coeur Mining (NYSE:CDE) last posted its quarterly earnings results on Wednesday, February 18th. The basic materials company reported $0.35 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.43 by ($0.08). The business had revenue of $674.85 million during the quarter, compared to the consensus estimate of $668.70 million. Coeur Mining had a net margin of 28.31% and a return on equity of 18.75%. The business’s revenue for the quarter was up 120.9% on a year-over-year basis. During the same period last year, the firm earned $0.11 EPS. Sell-side analysts expect that Coeur Mining, Inc. will post 0.58 EPS for the current year.

Institutional Investors Weigh In On Coeur Mining

Several institutional investors have recently made changes to their positions in the stock. Up Capital Management Inc. purchased a new position in shares of Coeur Mining in the fourth quarter valued at $228,000. Rockefeller Capital Management L.P. boosted its stake in Coeur Mining by 0.9% in the 4th quarter. Rockefeller Capital Management L.P. now owns 122,722 shares of the basic materials company’s stock worth $2,188,000 after purchasing an additional 1,142 shares during the period. Sankala Group LLC bought a new position in Coeur Mining in the 4th quarter worth about $140,000. Alpine Global Management LLC purchased a new position in Coeur Mining during the 4th quarter valued at about $198,000. Finally, Ketron Financial purchased a new position in Coeur Mining during the 4th quarter valued at about $214,000. Hedge funds and other 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.