Coeur Mining (NYSE:CDE) Trading Down 4.7%

Coeur Mining, Inc. (NYSE:CDE)’s stock price fell 4.7% during trading on Tuesday . The company traded as low as $2.24 and last traded at $2.24. 3,787,141 shares were traded during trading, a decline of 31% from the average session volume of 5,476,921 shares. The stock had previously closed at $2.35.

Analyst Ratings Changes

A number of equities analysts recently weighed in on CDE shares. Canaccord Genuity Group upgraded shares of Coeur Mining from a “hold” rating to a “buy” rating and set a $3.75 price objective for the company in a report on Monday, July 24th. StockNews.com assumed coverage on Coeur Mining in a report on Thursday, August 17th. They issued a “sell” rating for the company. 58.com reissued an “initiates” rating on shares of Coeur Mining in a research report on Wednesday, June 28th. National Bank Financial began coverage on shares of Coeur Mining in a report on Tuesday, June 27th. They set an “outperform” rating and a $4.25 price target on the stock. Finally, National Bankshares set a $4.25 price objective on shares of Coeur Mining and gave the company an “outperform” rating in a report on Wednesday, June 28th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and four have issued a buy rating to the stock. According to MarketBeat, Coeur Mining presently has a consensus rating of “Hold” and an average target price of $3.79.

Coeur Mining Stock Performance

The company’s 50-day simple moving average is $2.66 and its two-hundred day simple moving average is $3.09. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.03 and a quick ratio of 0.41.

Coeur Mining (NYSE:CDE) last issued its quarterly earnings results on Wednesday, August 9th. The basic materials company reported ($0.06) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.05) by ($0.01). The business had revenue of $177.20 million during the quarter, compared to analysts’ expectations of $220.04 million. Coeur Mining had a negative return on equity of 12.66% and a negative net margin of 8.64%. The company’s quarterly revenue was down 13.2% on a year-over-year basis. During the same quarter in the previous year, the company posted ($0.05) EPS. On average, equities analysts anticipate that Coeur Mining, Inc. will post -0.16 EPS for the current year.

Institutional Trading of Coeur Mining

Several hedge funds have recently bought and sold shares of the stock. JPMorgan Chase & Co. lifted its position in shares of Coeur Mining by 163.3% in the first quarter. JPMorgan Chase & Co. now owns 1,002,353 shares of the basic materials company’s stock worth $4,461,000 after buying an additional 621,717 shares in the last quarter. Raymond James & Associates boosted its holdings in shares of Coeur Mining by 6.4% in the 1st quarter. Raymond James & Associates now owns 50,555 shares of the basic materials company’s stock worth $225,000 after purchasing an additional 3,050 shares during the period. Raymond James Financial Services Advisors Inc. boosted its stake in Coeur Mining by 5.3% during the first quarter. Raymond James Financial Services Advisors Inc. now owns 204,214 shares of the basic materials company’s stock worth $909,000 after buying an additional 10,250 shares during the period. Bank of New York Mellon Corp grew its holdings in Coeur Mining by 1.4% during the 1st quarter. Bank of New York Mellon Corp now owns 1,128,208 shares of the basic materials company’s stock valued at $5,020,000 after purchasing an additional 15,716 shares during the last quarter. Finally, Bank of Montreal Can grew its stake in shares of Coeur Mining by 32.1% during the first quarter. Bank of Montreal Can now owns 655,171 shares of the basic materials company’s stock valued at $2,936,000 after buying an additional 159,300 shares during the last quarter. Hedge funds and other institutional investors own 61.55% of the company’s stock.

About Coeur Mining

Coeur Mining, Inc explores for precious metals in the United States, Canada, and Mexico. It primarily explores for gold, silver, zinc, and lead properties. The company holds 100% interests in the Palmarejo gold and silver mine covering an area of approximately 67,279 net acres located in the State of Chihuahua in Northern Mexico; the Rochester silver and gold mine that covers an area of approximately 43,441net acres situated in northwestern Nevada; the Kensington gold mine comprising 3,972 net acres located to the north of Juneau, Alaska; the Wharf gold mine covering an area of approximately 3,243 net acres situated in the northern Black Hills of western South Dakota; and the Silvertip silver-zinc-lead mine comprising 97,298 net acres located in northern British Columbia, Canada.