Coeur Mining (NYSE:CDE) Shares Down 2.6%

Shares of Coeur Mining, Inc. (NYSE:CDE) traded down 2.6% during mid-day trading on Monday . The stock traded as low as $4.70 and last traded at $4.81. 1,584,388 shares traded hands during mid-day trading, a decline of 79% from the average session volume of 7,529,402 shares. The stock had previously closed at $4.94.

Wall Street Analysts Forecast Growth

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

Coeur Mining Price Performance

The company has a current ratio of 0.92, a quick ratio of 0.38 and a debt-to-equity ratio of 0.51. The company has a market capitalization of $1.90 billion, a PE ratio of -15.93 and a beta of 1.82. The stock’s 50-day moving average is $3.66 and its two-hundred day moving average is $3.10.

Coeur Mining (NYSE:CDE) last posted its quarterly earnings data on Wednesday, February 21st. The basic materials company reported ($0.02) earnings per share for the quarter. The firm had revenue of $262.10 million during the quarter. Coeur Mining had a negative return on equity of 7.79% and a negative net margin of 12.62%. On average, equities analysts predict that Coeur Mining, Inc. will post -0.04 EPS for the current year.

Hedge Funds Weigh In On Coeur Mining

A number of institutional investors have recently modified their holdings of the stock. Van ECK Associates Corp increased its holdings in Coeur Mining by 10.9% during the fourth quarter. Van ECK Associates Corp now owns 36,279,058 shares of the basic materials company’s stock valued at $118,269,000 after buying an additional 3,556,959 shares during the period. Vanguard Group Inc. boosted its stake in Coeur Mining by 12.5% in the fourth quarter. Vanguard Group Inc. now owns 35,854,316 shares of the basic materials company’s stock valued at $116,885,000 after acquiring an additional 3,989,352 shares in the last quarter. Dimensional Fund Advisors LP boosted its stake in Coeur Mining by 0.5% in the fourth quarter. Dimensional Fund Advisors LP now owns 16,087,106 shares of the basic materials company’s stock valued at $52,445,000 after acquiring an additional 84,920 shares in the last quarter. Jupiter Asset Management Ltd. boosted its stake in Coeur Mining by 95.9% in the third quarter. Jupiter Asset Management Ltd. now owns 10,246,050 shares of the basic materials company’s stock valued at $22,746,000 after acquiring an additional 5,017,119 shares in the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. boosted its stake in Coeur Mining by 22.0% in the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 9,457,720 shares of the basic materials company’s stock valued at $30,832,000 after acquiring an additional 1,702,840 shares in the last quarter. 63.01% of the stock is owned by hedge funds and other 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.