Coeur Mining (NYSE:CDE) Trading Up 6% – Still a Buy?

Coeur Mining, Inc. (NYSE:CDE)’s stock price rose 6% during mid-day trading on Wednesday . The company traded as high as $16.20 and last traded at $16.2210. Approximately 3,711,331 shares changed hands during trading, a decline of 87% from the average daily volume of 28,441,057 shares. The stock had previously closed at $15.30.

Analyst Ratings Changes

A number of analysts recently commented on the stock. Cantor Fitzgerald downgraded shares of Coeur Mining from a “buy” rating to a “hold” rating and set a $19.00 target price on the stock. in a report on Thursday, May 7th. Canaccord Genuity Group upgraded Coeur Mining from a “hold” rating to a “buy” rating and set a $26.00 price objective for the company in a research report on Wednesday, April 29th. Zacks Research lowered Coeur Mining from a “hold” rating to a “strong sell” rating in a research note on Friday, July 10th. Scotiabank reaffirmed an “outperform” rating and set a $28.50 target price on shares of Coeur Mining in a research report on Tuesday, July 14th. Finally, Roth Capital reaffirmed a “buy” rating and set a $25.00 target price on shares of Coeur Mining in a report on Friday, May 8th. One research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $26.39.

Coeur Mining Stock Performance

The firm’s 50-day moving average price is $16.85 and its two-hundred day moving average price is $19.53. The company has a quick ratio of 2.14, a current ratio of 3.73 and a debt-to-equity ratio of 0.07. The firm has a market capitalization of $15.75 billion, a PE ratio of 13.13 and a beta of 1.29.

Coeur Mining (NYSE:CDE) last issued its quarterly earnings results on Wednesday, May 6th. The basic materials company reported $0.36 EPS for the quarter, missing the consensus estimate of $0.37 by ($0.01). Coeur Mining had a net margin of 31.15% and a return on equity of 15.38%. The firm had revenue of $856.19 million during the quarter, compared to analysts’ expectations of $815.59 million. During the same quarter last year, the company posted $0.11 EPS. The firm’s revenue was up 137.8% compared to the same quarter last year. As a group, research analysts predict that Coeur Mining, Inc. will post 1.25 earnings per share for the current fiscal year.

Coeur Mining Announces Dividend

The firm also recently announced a dividend, which was paid on Wednesday, June 10th. Stockholders of record on Friday, May 22nd were issued a $0.02 dividend. The ex-dividend date was Friday, May 22nd. This represents a dividend yield of 23.0%. Coeur Mining’s dividend payout ratio is presently 3.45%.

Insider Activity

In other news, CAO Kenneth J. Watkinson sold 39,000 shares of the firm’s stock in a transaction on Monday, June 1st. The stock was sold at an average price of $18.60, for a total value of $725,400.00. Following the completion of the sale, the chief accounting officer owned 77,204 shares of the company’s stock, valued at $1,435,994.40. This trade represents a 33.56% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. 0.90% of the stock is owned by insiders.

Institutional Investors Weigh In On Coeur Mining

Several hedge funds have recently bought and sold shares of CDE. AQR Capital Management LLC grew its stake in Coeur Mining by 60.2% during the 1st quarter. AQR Capital Management LLC now owns 748,907 shares of the basic materials company’s stock valued at $4,434,000 after acquiring an additional 281,489 shares in the last quarter. Goldman Sachs Group Inc. lifted its position in shares of 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 worth $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 boosted its holdings in shares of Coeur Mining by 122.6% during 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 worth $14,393,000 after purchasing an additional 1,339,138 shares during the period. Focus Partners Wealth acquired a new stake in shares of Coeur Mining during the first quarter worth approximately $60,000. Finally, Intech Investment Management LLC boosted its holdings in shares of Coeur Mining by 58.4% during the first 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 period. 63.01% of the stock is owned by hedge funds and other institutional investors.

Coeur Mining Company Profile

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.