Coeur Mining (NYSE:CDE) Shares Up 3.9% – Should You Buy?

Coeur Mining, Inc. (NYSE:CDE) was up 3.9% during trading on Tuesday . The company traded as high as $6.65 and last traded at $6.51. Approximately 2,342,953 shares traded hands during trading, a decline of 78% from the average daily volume of 10,597,343 shares. The stock had previously closed at $6.26.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on CDE shares. TD Cowen upgraded shares of Coeur Mining to a “strong-buy” rating in a research note on Tuesday, March 11th. Raymond James upgraded Coeur Mining from a “market perform” rating to an “outperform” rating and cut their price target for the company from $8.75 to $8.25 in a research note on Friday, February 21st. National Bank Financial upgraded Coeur Mining to a “strong-buy” rating in a research report on Friday. BMO Capital Markets assumed coverage on shares of Coeur Mining in a research note on Tuesday, February 18th. They issued an “outperform” rating and a $9.00 price target on the stock. Finally, Roth Mkm reduced their price objective on shares of Coeur Mining from $8.50 to $8.25 and set a “buy” rating for the company in a research report on Friday, February 21st. One equities research analyst has rated the stock with a hold rating, six have issued a buy rating and three have assigned a strong buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Buy” and an average price target of $8.05.

Coeur Mining Stock Up 1.8 %

The company has a debt-to-equity ratio of 0.50, a current ratio of 0.83 and a quick ratio of 0.39. The company has a market capitalization of $4.07 billion, a PE ratio of 53.15 and a beta of 1.51. The business’s 50 day simple moving average is $6.18 and its 200 day simple moving average is $6.37.

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

Insider Activity at Coeur Mining

In related news, CFO Thomas S. Whelan purchased 10,000 shares of Coeur Mining stock in a transaction dated Wednesday, February 26th. The shares were acquired 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 SEC, which is available at the SEC website. 1.56% of the stock is owned by insiders.

Institutional Investors Weigh In On Coeur Mining

A number of hedge funds have recently added to or reduced their stakes in CDE. Two Sigma Advisers LP increased its stake in shares of Coeur Mining by 404.6% during the fourth quarter. Two Sigma Advisers LP now owns 5,089,100 shares of the basic materials company’s stock worth $29,110,000 after buying an additional 4,080,600 shares during the period. Jacobs Levy Equity Management Inc. acquired a new stake in Coeur Mining during the fourth quarter worth approximately $21,224,000. Vanguard Group Inc. lifted its position in shares of Coeur Mining by 8.5% during the 4th quarter. Vanguard Group Inc. now owns 40,700,218 shares of the basic materials company’s stock worth $232,805,000 after buying an additional 3,178,785 shares during the last quarter. Marshall Wace LLP boosted its holdings in shares of Coeur Mining by 12,934.3% in the 4th quarter. Marshall Wace LLP now owns 2,971,679 shares of the basic materials company’s stock valued at $16,998,000 after buying an additional 2,948,880 shares in the last quarter. Finally, Two Sigma Investments LP grew its position in shares of Coeur Mining by 57.8% in the 4th quarter. Two Sigma Investments LP now owns 7,210,595 shares of the basic materials company’s stock valued at $41,245,000 after buying an additional 2,641,310 shares during the last quarter. 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.