Coeur Mining (NYSE:CDE) Trading 5.6% Higher – What’s Next?

Shares of Coeur Mining, Inc. (NYSE:CDEGet Free Report) shot up 5.6% during trading on Friday . The company traded as high as $17.47 and last traded at $17.08. 34,208,871 shares traded hands during trading, an increase of 17% from the average session volume of 29,195,816 shares. The stock had previously closed at $16.17.

Key Headlines Impacting Coeur Mining

Here are the key news stories impacting Coeur Mining this week:

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on CDE. Royal Bank Of Canada lifted their target price on shares of Coeur Mining from $22.00 to $26.00 and gave the stock an “outperform” rating in a research report on Thursday, February 12th. TD Cowen upgraded shares of Coeur Mining to a “strong-buy” rating in a research report on Monday, December 1st. Roth Mkm reaffirmed a “buy” rating and issued a $29.00 price objective on shares of Coeur Mining in a research note on Thursday, February 19th. ATB Cormark Capital Markets upgraded shares of Coeur Mining from a “hold” rating to a “moderate buy” rating in a research report on Tuesday, March 24th. Finally, Canaccord Genuity Group downgraded shares of Coeur Mining from a “buy” rating to a “hold” rating in a research note on Friday, February 20th. Two equities research analysts have rated the stock with a Strong Buy rating, seven have issued a Buy rating and five have given a Hold rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $24.67.

Check Out Our Latest Analysis on CDE

Coeur Mining Stock Up 5.6%

The business has a fifty day moving average price of $22.31 and a two-hundred day moving average price of $19.29. The company has a current ratio of 2.47, a quick ratio of 1.66 and a debt-to-equity ratio of 0.10. The company has a market cap of $10.96 billion, a price-to-earnings ratio of 19.63 and a beta of 1.16.

Coeur Mining (NYSE:CDEGet Free Report) last posted its quarterly earnings results on Wednesday, February 18th. The basic materials company reported $0.35 EPS for the quarter, missing the consensus estimate of $0.43 by ($0.08). Coeur Mining had a return on equity of 18.75% and a net margin of 28.31%.The company had revenue of $674.85 million for the quarter, compared to analyst estimates of $668.70 million. During the same quarter in the prior year, the business posted $0.11 earnings per share. The business’s revenue for the quarter was up 120.9% compared to the same quarter last year. On average, equities analysts predict that Coeur Mining, Inc. will post 0.58 earnings per share for the current year.

Hedge Funds Weigh In On Coeur Mining

Institutional investors and hedge funds have recently modified their holdings of the stock. AQR Capital Management LLC raised its holdings in shares of Coeur Mining by 60.2% during the first quarter. AQR Capital Management LLC now owns 748,907 shares of the basic materials company’s stock worth $4,434,000 after acquiring an additional 281,489 shares in the last quarter. Goldman Sachs Group Inc. grew its stake in Coeur Mining by 18.1% in the first quarter. Goldman Sachs Group Inc. now owns 8,352,940 shares of the basic materials company’s stock valued at $49,449,000 after purchasing an additional 1,278,110 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its stake in Coeur Mining by 122.6% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 2,431,244 shares of the basic materials company’s stock valued at $14,393,000 after purchasing an additional 1,339,138 shares in the last quarter. Focus Partners Wealth acquired a new position in Coeur Mining in the 1st quarter worth about $60,000. Finally, Intech Investment Management LLC increased its position in Coeur Mining by 58.4% in the 1st quarter. Intech Investment Management LLC now owns 269,203 shares of the basic materials company’s stock worth $1,594,000 after purchasing an additional 99,256 shares during the last quarter. 63.01% of the stock is currently owned by hedge funds and other institutional investors.

About Coeur Mining

(Get Free Report)

Coeur Mining, Inc is a publicly traded precious metals mining company headquartered in Chicago, Illinois. The company specializes in the exploration, development and production of silver and gold deposits, with a focus on high-grade underground and open-pit operations. Through a combination of operating mines and advanced exploration projects, Coeur Mining seeks to deliver consistent production of silver and gold bullion while maintaining industry standards for safety, environmental stewardship and cost management.

Coeur Mining’s portfolio includes five principal operating mines and several exploration projects across North America and Australia.

Further Reading

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