Coeur Mining (NYSE:CDE) Stock Price Up 7.6% – Should You Buy?

Coeur Mining, Inc. (NYSE:CDE) shares traded up 7.6% during mid-day trading on Friday . The company traded as high as $18.44 and last traded at $18.4250. 5,168,054 shares traded hands during trading, a decline of 69% from the average session volume of 16,613,977 shares. The stock had previously closed at $17.12.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on the stock. TD Cowen upgraded shares of Coeur Mining to a “strong-buy” rating in a research note on Monday, December 1st. TD Securities lifted their target price on shares of Coeur Mining from $23.00 to $25.00 and gave the company a “buy” rating in a report on Tuesday, November 11th. Raymond James Financial set a $21.00 price target on shares of Coeur Mining in a research report on Thursday, October 30th. Roth Capital raised their price objective on Coeur Mining from $20.00 to $23.00 and gave the company a “buy” rating in a research report on Monday. Finally, Cantor Fitzgerald downgraded Coeur Mining from an “overweight” rating to a “hold” rating and set a $16.00 target price for the company. in a research report on Thursday, October 30th. Two research analysts have rated the stock with a Strong Buy rating, six have assigned a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $16.75.

Coeur Mining Trading Up 6.9%

The company has a quick ratio of 1.10, a current ratio of 2.00 and a debt-to-equity ratio of 0.11. The firm has a market cap of $11.75 billion, a P/E ratio of 27.77 and a beta of 1.33. The business’s 50 day moving average is $16.89 and its 200-day moving average is $13.73.

Coeur Mining (NYSE:CDE) last released its earnings results on Wednesday, October 29th. The basic materials company reported $0.23 earnings per share for the quarter, missing the consensus estimate of $0.25 by ($0.02). The company had revenue of $554.57 million during the quarter, compared to the consensus estimate of $511.20 million. Coeur Mining had a return on equity of 15.52% and a net margin of 24.03%.Coeur Mining’s revenue for the quarter was up 76.9% on a year-over-year basis. During the same period in the previous year, the firm posted $0.12 EPS. As a group, analysts forecast that Coeur Mining, Inc. will post 0.58 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of CDE. JPL Wealth Management LLC bought a new stake in shares of Coeur Mining in the 3rd quarter valued at approximately $35,000. Covestor Ltd boosted its holdings in Coeur Mining by 7,011.5% in the third quarter. Covestor Ltd now owns 1,849 shares of the basic materials company’s stock worth $35,000 after purchasing an additional 1,823 shares during the period. Bogart Wealth LLC bought a new stake in Coeur Mining during the third quarter valued at $62,000. EverSource Wealth Advisors LLC raised its holdings in shares of Coeur Mining by 74.2% during the second quarter. EverSource Wealth Advisors LLC now owns 3,368 shares of the basic materials company’s stock worth $30,000 after purchasing an additional 1,435 shares during the period. Finally, MAI Capital Management bought a new position in shares of Coeur Mining in the 1st quarter worth about $25,000. Institutional investors own 63.01% of the company’s stock.

About Coeur Mining

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.