Coeur Mining (NYSE:CDE) Stock Price Up 8%

Coeur Mining, Inc. (NYSE:CDE)’s share price rose 8% during trading on Tuesday . The company traded as high as $4.60 and last traded at $4.60. Approximately 4,918,720 shares traded hands during trading, a decline of 35% from the average daily volume of 7,573,546 shares. The stock had previously closed at $4.26.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on the company. Roth Capital reissued a “buy” rating on shares of Coeur Mining in a research report on Tuesday, April 9th. Roth Mkm initiated coverage on Coeur Mining in a research report on Tuesday, April 9th. They issued a “buy” rating and a $5.40 price target on the stock. Raymond James upped their price objective on shares of Coeur Mining from $3.75 to $4.00 and gave the stock a “market perform” rating in a research report on Monday, April 8th. BMO Capital Markets raised their price target on Coeur Mining from $3.50 to $4.25 and gave the company a “market perform” rating in a report on Wednesday, April 10th. Finally, National Bank Financial restated an “outperform spec market weight” rating on shares of Coeur Mining in a research report on Monday, April 8th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and seven have given a buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $4.21.

Coeur Mining Stock Up 8.5 %

The firm has a 50-day moving average of $3.49 and a 200 day moving average of $3.03. The stock has a market capitalization of $1.80 billion, a price-to-earnings ratio of -14.64 and a beta of 1.82. The company has a debt-to-equity ratio of 0.51, a current ratio of 0.92 and a quick ratio of 0.38.

Coeur Mining (NYSE:CDE) last posted its quarterly earnings data on Wednesday, February 21st. The basic materials company reported ($0.02) EPS for the quarter. The company had revenue of $262.10 million for the quarter. Coeur Mining had a negative return on equity of 7.79% and a negative net margin of 12.62%.

Institutional Investors Weigh In On Coeur Mining

Hedge funds have recently added to or reduced their stakes in the business. Jupiter Asset Management Ltd. raised its stake in Coeur Mining by 95.9% during the third quarter. Jupiter Asset Management Ltd. now owns 10,246,050 shares of the basic materials company’s stock worth $22,746,000 after buying an additional 5,017,119 shares during the last quarter. Vanguard Group Inc. grew its stake in Coeur Mining by 12.5% during the fourth quarter. Vanguard Group Inc. now owns 35,854,316 shares of the basic materials company’s stock worth $116,885,000 after purchasing an additional 3,989,352 shares during the period. Van ECK Associates Corp increased its holdings in Coeur Mining by 10.9% in the fourth quarter. Van ECK Associates Corp now owns 36,279,058 shares of the basic materials company’s stock worth $118,269,000 after purchasing an additional 3,556,959 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. boosted its holdings in shares of Coeur Mining by 22.0% during the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 9,457,720 shares of the basic materials company’s stock worth $30,832,000 after buying an additional 1,702,840 shares in the last quarter. Finally, Deutsche Bank AG grew its position in shares of Coeur Mining by 164.4% during the 3rd quarter. Deutsche Bank AG now owns 2,287,978 shares of the basic materials company’s stock worth $5,079,000 after buying an additional 1,422,710 shares during the period. 63.01% of the stock is currently owned by institutional investors and hedge funds.

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.