Coeur Mining (NYSE:CDE) Shares Down 4% – Time to Sell?

Shares of Coeur Mining, Inc. (NYSE:CDE) traded down 4% during mid-day trading on Wednesday . The stock traded as low as $18.11 and last traded at $18.3290. 4,378,326 shares changed hands during trading, a decline of 74% from the average session volume of 16,737,043 shares. The stock had previously closed at $19.09.

Analyst Ratings Changes

A number of equities analysts recently weighed in on the stock. TD Cowen raised shares of Coeur Mining to a “strong-buy” rating in a research note on Monday, December 1st. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Coeur Mining in a research report on Monday. Cantor Fitzgerald lowered Coeur Mining from an “overweight” rating to a “hold” rating and set a $16.00 target price on the stock. in a research report on Thursday, October 30th. Wall Street Zen upgraded Coeur Mining from a “hold” rating to a “buy” rating in a research note on Sunday, December 21st. Finally, Raymond James Financial set a $21.00 price target on shares of Coeur Mining in a research note on Thursday, October 30th. Two investment analysts have rated the stock with a Strong Buy rating, six have issued a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $16.75.

Coeur Mining Stock Down 2.1%

The firm has a 50-day moving average of $16.62 and a 200 day moving average of $14.06. The company has a debt-to-equity ratio of 0.11, a current ratio of 2.00 and a quick ratio of 1.10. The stock has a market capitalization of $12.00 billion, a price-to-earnings ratio of 28.33 and a beta of 1.33.

Coeur Mining (NYSE:CDE) last posted its quarterly 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 for the quarter, compared to analyst estimates of $511.20 million. Coeur Mining had a return on equity of 15.52% and a net margin of 24.03%.The firm’s revenue for the quarter was up 76.9% compared to the same quarter last year. During the same period last year, the firm earned $0.12 EPS. As a group, sell-side 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 hedge funds and other institutional investors have recently modified their holdings of CDE. Raymond James Financial Inc. boosted its stake in Coeur Mining by 28.6% in the 1st quarter. Raymond James Financial Inc. now owns 840,095 shares of the basic materials company’s stock worth $4,973,000 after purchasing an additional 186,644 shares during the period. Northern Trust Corp increased its position in shares of Coeur Mining by 47.0% during the first quarter. Northern Trust Corp now owns 5,771,064 shares of the basic materials company’s stock valued at $34,165,000 after buying an additional 1,844,249 shares during the period. Wellington Management Group LLP increased its position in shares of Coeur Mining by 5.7% during the first quarter. Wellington Management Group LLP now owns 982,868 shares of the basic materials company’s stock valued at $5,819,000 after buying an additional 53,119 shares during the period. Hsbc Holdings PLC lifted its holdings in shares of Coeur Mining by 179.7% in the first quarter. Hsbc Holdings PLC now owns 226,664 shares of the basic materials company’s stock worth $1,354,000 after buying an additional 145,619 shares in the last quarter. Finally, Synovus Financial Corp purchased a new stake in shares of Coeur Mining in the first quarter worth about $142,000. Institutional investors own 63.01% of the company’s stock.

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.