Coeur Mining (NYSE:CDE) Hits New 1-Year High at $5.51

Shares of Coeur Mining, Inc. (NYSE:CDE) hit a new 52-week high during mid-day trading on Thursday . The stock traded as high as $5.51 and last traded at $5.49, with a volume of 8995604 shares trading hands. The stock had previously closed at $5.10.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on CDE shares. Roth Mkm began coverage on Coeur Mining in a research report on Tuesday, April 9th. They issued a “buy” rating and a $5.40 target price on the stock. Roth Capital reaffirmed a “buy” rating on shares of Coeur Mining in a report on Tuesday, April 9th. Raymond James upped their price objective on Coeur Mining from $3.75 to $4.00 and gave the company a “market perform” rating in a research note on Monday, April 8th. BMO Capital Markets upgraded Coeur Mining from a “market perform” rating to an “outperform” rating and lifted their target price for the stock from $4.25 to $5.50 in a research note on Friday, May 3rd. Finally, National Bank Financial reaffirmed an “outperform spec market weight” rating on shares of Coeur Mining in a report on Monday, April 8th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat, Coeur Mining presently has a consensus rating of “Moderate Buy” and an average target price of $4.36.

Coeur Mining Price Performance

The company’s 50 day moving average is $4.08 and its 200 day moving average is $3.24. The firm has a market capitalization of $2.19 billion, a price-to-earnings ratio of -17.69 and a beta of 1.77. The company has a quick ratio of 0.43, a current ratio of 0.99 and a debt-to-equity ratio of 0.55.

Coeur Mining (NYSE:CDE) last released its earnings results on Wednesday, May 1st. The basic materials company reported ($0.05) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.06) by $0.01. The firm had revenue of $213.10 million during the quarter, compared to the consensus estimate of $203.43 million. Coeur Mining had a negative return on equity of 6.28% and a negative net margin of 12.77%. The company’s revenue was up 13.8% compared to the same quarter last year. During the same period in the prior year, the company posted ($0.11) EPS. On average, equities research analysts anticipate that Coeur Mining, Inc. will post -0.04 earnings per share for the current fiscal year.

Insider Activity

In related news, CAO Kenneth J. Watkinson sold 44,000 shares of Coeur Mining stock in a transaction that occurred on Friday, May 3rd. The shares were sold at an average price of $4.86, for a total transaction of $213,840.00. Following the sale, the chief accounting officer now directly owns 140,719 shares of the company’s stock, valued at approximately $683,894.34. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other news, Director Sebastian Edwards sold 20,000 shares of Coeur Mining stock in a transaction on Tuesday, May 7th. The shares were sold at an average price of $5.08, for a total transaction of $101,600.00. Following the transaction, the director now owns 103,100 shares in the company, valued at $523,748. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CAO Kenneth J. Watkinson sold 44,000 shares of Coeur Mining stock in a transaction that occurred on Friday, May 3rd. The stock was sold at an average price of $4.86, for a total value of $213,840.00. Following the completion of the transaction, the chief accounting officer now directly owns 140,719 shares in the company, valued at $683,894.34. The disclosure for this sale can be found here. Corporate insiders own 1.56% of the company’s stock.

Institutional Investors Weigh In On Coeur Mining

Large investors have recently modified their holdings of the company. Vanguard Group Inc. boosted its position in Coeur Mining by 5.7% during the third quarter. Vanguard Group Inc. now owns 31,864,964 shares of the basic materials company’s stock valued at $70,740,000 after acquiring an additional 1,716,929 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its stake in Coeur Mining by 7.1% in the third quarter. Charles Schwab Investment Management Inc. now owns 4,153,752 shares of the basic materials company’s stock valued at $9,221,000 after buying an additional 274,878 shares during the period. Jupiter Asset Management Ltd. grew its position in shares of Coeur Mining by 95.9% during the 3rd quarter. Jupiter Asset Management Ltd. now owns 10,246,050 shares of the basic materials company’s stock worth $22,746,000 after buying an additional 5,017,119 shares during the period. Assenagon Asset Management S.A. lifted its position in shares of Coeur Mining by 1.7% during the 4th quarter. Assenagon Asset Management S.A. now owns 247,169 shares of the basic materials company’s stock valued at $806,000 after acquiring an additional 4,175 shares during the period. Finally, Mirae Asset Global Investments Co. Ltd. boosted its stake in Coeur Mining by 22.0% during the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 9,457,720 shares of the basic materials company’s stock worth $30,832,000 after acquiring an additional 1,702,840 shares in the last quarter. 63.01% of the stock is currently owned by institutional investors and hedge funds.

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.