Coeur Mining (NYSE:CDE) Shares Up 5.2% – Should You Buy?

Coeur Mining, Inc. (NYSE:CDE) shares shot up 5.2% during mid-day trading on Monday . The stock traded as high as $6.52 and last traded at $6.46. 1,751,552 shares changed hands during mid-day trading, a decline of 78% from the average session volume of 7,914,794 shares. The stock had previously closed at $6.14.

Analyst Ratings Changes

A number of equities research analysts have commented on the stock. Raymond James increased their price objective on shares of Coeur Mining from $6.25 to $7.00 and gave the stock a “market perform” rating in a report on Friday, September 20th. Cantor Fitzgerald raised Coeur Mining from a “hold” rating to a “strong-buy” rating in a report on Thursday, November 7th. Roth Mkm reissued a “buy” rating and set a $8.50 price objective (down from $9.00) on shares of Coeur Mining in a report on Friday, November 8th. StockNews.com upgraded Coeur Mining from a “sell” rating to a “hold” rating in a research report on Friday, November 8th. Finally, Canaccord Genuity Group lifted their price objective on shares of Coeur Mining from $7.00 to $7.75 and gave the stock a “buy” rating in a research note on Tuesday, October 8th. Two investment analysts have rated the stock with a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $7.81.

Coeur Mining Stock Up 1.7 %

The firm has a market capitalization of $2.65 billion, a P/E ratio of -221.59 and a beta of 1.65. The firm’s 50 day moving average is $6.68 and its two-hundred day moving average is $6.12. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.09 and a quick ratio of 0.39.

Coeur Mining (NYSE:CDE) last issued its earnings results on Wednesday, November 6th. The basic materials company reported $0.12 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.07 by $0.05. The company had revenue of $313.50 million for the quarter, compared to analysts’ expectations of $289.19 million. Coeur Mining had a negative net margin of 0.44% and a positive return on equity of 1.78%. Coeur Mining’s quarterly revenue was up 61.1% compared to the same quarter last year. During the same period in the prior year, the firm earned ($0.05) EPS. Research analysts predict that Coeur Mining, Inc. will post 0.15 EPS for the current year.

Hedge Funds Weigh In On Coeur Mining

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. CWM LLC lifted its position in shares of Coeur Mining by 831.5% during the 2nd quarter. CWM LLC now owns 5,030 shares of the basic materials company’s stock worth $28,000 after buying an additional 4,490 shares during the last quarter. Point72 Asia Singapore Pte. Ltd. acquired a new stake in shares of Coeur Mining in the 2nd quarter valued at approximately $49,000. Hohimer Wealth Management LLC bought a new stake in shares of Coeur Mining during the 2nd quarter valued at approximately $57,000. WINTON GROUP Ltd acquired a new position in Coeur Mining during the 2nd quarter worth approximately $57,000. Finally, CIBC Asset Management Inc bought a new position in Coeur Mining in the 2nd quarter valued at approximately $59,000. 63.01% of the stock is 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.