Coeur Mining (NYSE:CDE) Stock Price Down 4.4%

Coeur Mining, Inc. (NYSE:CDE)’s stock price fell 4.4% during mid-day trading on Friday . The stock traded as low as $7.18 and last traded at $7.18. 2,186,481 shares changed hands during trading, a decline of 71% from the average session volume of 7,412,417 shares. The stock had previously closed at $7.51.

Analyst Ratings Changes

Several brokerages have recently commented on CDE. Roth Mkm raised their target price on Coeur Mining from $8.00 to $8.50 and gave the stock a “buy” rating in a research report on Wednesday. Cantor Fitzgerald lowered Coeur Mining from an “overweight” rating to a “neutral” rating in a research report on Thursday, August 8th. BMO Capital Markets lifted their target price on Coeur Mining from $7.50 to $8.00 and gave the company an “outperform” rating in a research note on Monday, September 23rd. Finally, Raymond James increased their price target on shares of Coeur Mining from $6.25 to $7.00 and gave the stock a “market perform” rating in a research report on Friday, September 20th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and three have assigned a buy rating to the stock. According to MarketBeat, Coeur Mining presently has an average rating of “Hold” and an average target price of $7.83.

Coeur Mining Stock Down 5.1 %

The company has a debt-to-equity ratio of 0.59, a current ratio of 1.20 and a quick ratio of 0.45. The business has a 50 day simple moving average of $6.20 and a 200 day simple moving average of $5.47. The stock has a market cap of $2.85 billion, a PE ratio of -23.00 and a beta of 1.64.

Coeur Mining (NYSE:CDE) last announced its quarterly earnings results on Wednesday, August 7th. The basic materials company reported ($0.01) EPS for the quarter, beating the consensus estimate of ($0.02) by $0.01. The business had revenue of $222.03 million during the quarter, compared to analysts’ expectations of $242.18 million. Coeur Mining had a negative return on equity of 4.59% and a negative net margin of 8.33%. The firm’s quarterly revenue was up 25.3% compared to the same quarter last year. During the same quarter in the previous year, the business posted ($0.06) EPS. On average, equities research analysts forecast that Coeur Mining, Inc. will post 0.08 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of the business. Van ECK Associates Corp boosted its holdings in Coeur Mining by 6.5% in the first quarter. Van ECK Associates Corp now owns 38,624,849 shares of the basic materials company’s stock worth $145,616,000 after purchasing an additional 2,345,791 shares in the last quarter. Vanguard Group Inc. boosted its stake in shares of Coeur Mining by 12.5% during the 4th quarter. Vanguard Group Inc. now owns 35,854,316 shares of the basic materials company’s stock worth $116,885,000 after acquiring an additional 3,989,352 shares in the last quarter. Tidal Investments LLC acquired a new position in shares of Coeur Mining during the 1st quarter valued at about $41,587,000. American Century Companies Inc. raised its stake in shares of Coeur Mining by 248.1% in the 2nd quarter. American Century Companies Inc. now owns 6,463,587 shares of the basic materials company’s stock valued at $36,325,000 after acquiring an additional 4,606,711 shares in the last quarter. Finally, Millennium Management LLC lifted its holdings in Coeur Mining by 2.6% in the 2nd quarter. Millennium Management LLC now owns 2,833,850 shares of the basic materials company’s stock worth $15,926,000 after purchasing an additional 72,423 shares during the last quarter. Institutional investors and hedge funds own 63.01% of the company’s stock.

Coeur Mining Company Profile

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.