Coeur Mining (NYSE:CDE) Sees Unusually-High Trading Volume

Coeur Mining, Inc. (NYSE:CDE) shares saw strong trading volume on Monday . 7,001,197 shares were traded during mid-day trading, a decline of 5% from the previous session’s volume of 7,335,774 shares.The stock last traded at $7.01 and had previously closed at $7.28.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on CDE shares. BMO Capital Markets lifted their price objective on Coeur Mining from $6.75 to $7.50 and gave the stock an “outperform” rating in a report on Friday, July 12th. Roth Mkm reaffirmed a “buy” rating and set a $8.00 price objective (up from $7.25) on shares of Coeur Mining in a report on Friday, August 9th. Raymond James upped their target price on shares of Coeur Mining from $5.75 to $6.25 and gave the company a “market perform” rating in a research note on Friday, August 9th. Finally, Cantor Fitzgerald downgraded Coeur Mining from an “overweight” rating to a “neutral” rating in a report on Thursday, August 8th. One research analyst has rated the stock with a sell rating, two have given a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $6.44.

Coeur Mining Price Performance

The stock has a fifty day moving average of $6.08 and a two-hundred day moving average of $5.21. The company has a current ratio of 1.20, a quick ratio of 0.45 and a debt-to-equity ratio of 0.59. The stock has a market capitalization of $2.80 billion, a price-to-earnings ratio of -23.48 and a beta of 1.64.

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

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the company. Janus Henderson Group PLC boosted its holdings in Coeur Mining by 18.5% in the first quarter. Janus Henderson Group PLC now owns 2,723,185 shares of the basic materials company’s stock valued at $10,254,000 after acquiring an additional 424,835 shares during the last quarter. Vanguard Group Inc. raised its stake in shares of Coeur Mining by 12.5% during the fourth quarter. Vanguard Group Inc. now owns 35,854,316 shares of the basic materials company’s stock worth $116,885,000 after buying an additional 3,989,352 shares during the last quarter. BNP Paribas Financial Markets lifted its holdings in Coeur Mining by 149.1% in the first quarter. BNP Paribas Financial Markets now owns 323,988 shares of the basic materials company’s stock valued at $1,221,000 after buying an additional 193,912 shares during the period. Dimensional Fund Advisors LP lifted its holdings in Coeur Mining by 0.5% in the fourth quarter. Dimensional Fund Advisors LP now owns 16,087,106 shares of the basic materials company’s stock valued at $52,445,000 after buying an additional 84,920 shares during the period. Finally, SG Americas Securities LLC boosted its stake in Coeur Mining by 247.7% in the first quarter. SG Americas Securities LLC now owns 113,038 shares of the basic materials company’s stock valued at $426,000 after acquiring an additional 80,531 shares during the last quarter. 63.01% of the stock is currently owned by institutional investors.

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.