Coeur Mining (NYSE:CDE) Sets New 1-Year High at $6.11

Coeur Mining, Inc. (NYSE:CDE) shares reached a new 52-week high during trading on Wednesday . The company traded as high as $6.11 and last traded at $5.99, with a volume of 2162113 shares traded. The stock had previously closed at $5.63.

Analysts Set New Price Targets

A number of research analysts have recently weighed in on CDE shares. Roth Capital reissued a “buy” rating on shares of Coeur Mining in a research note on Tuesday, April 9th. National Bank Financial reissued an “outperform spec market weight” rating on shares of Coeur Mining in a research note on Monday, April 8th. Raymond James boosted their target price on Coeur Mining from $3.75 to $4.00 and gave the stock a “market perform” rating in a research report on Monday, April 8th. Roth Mkm started coverage on shares of Coeur Mining in a research report on Tuesday, April 9th. They issued a “buy” rating and a $5.40 price target on the stock. Finally, BMO Capital Markets upgraded shares of Coeur Mining from a “market perform” rating to an “outperform” rating and boosted their price objective for the company from $4.25 to $5.50 in a report on Friday, May 3rd. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and seven have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $4.40.

Coeur Mining Trading Up 5.7 %

The company has a current ratio of 0.99, a quick ratio of 0.43 and a debt-to-equity ratio of 0.55. The firm has a market capitalization of $2.38 billion, a P/E ratio of -19.23 and a beta of 1.61. The business has a 50 day moving average of $5.40 and a 200-day moving average of $4.01.

Coeur Mining (NYSE:CDE) last issued its quarterly earnings data on Wednesday, May 1st. The basic materials company reported ($0.05) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.06) by $0.01. Coeur Mining had a negative net margin of 12.77% and a negative return on equity of 6.28%. The company had revenue of $213.10 million during the quarter, compared to the consensus estimate of $203.43 million. During the same quarter in the prior year, the firm earned ($0.11) earnings per share. The firm’s revenue was up 13.8% compared to the same quarter last year. Analysts anticipate that Coeur Mining, Inc. will post 0.08 EPS for the current fiscal year.

Insiders Place Their Bets

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

A number of institutional investors and hedge funds have recently made changes to their positions in CDE. Van ECK Associates Corp grew its stake in shares of Coeur Mining by 6.5% in the first quarter. Van ECK Associates Corp now owns 38,624,849 shares of the basic materials company’s stock valued at $145,616,000 after buying an additional 2,345,791 shares in the last quarter. Vanguard Group Inc. grew its position in shares of Coeur Mining by 12.5% in the 4th quarter. Vanguard Group Inc. now owns 35,854,316 shares of the basic materials company’s stock valued at $116,885,000 after acquiring an additional 3,989,352 shares during the period. Dimensional Fund Advisors LP grew its position in shares of Coeur Mining by 0.5% in the 4th quarter. Dimensional Fund Advisors LP now owns 16,087,106 shares of the basic materials company’s stock valued at $52,445,000 after acquiring an additional 84,920 shares during the period. Tidal Investments LLC acquired a new position in shares of Coeur Mining during the 1st quarter worth about $41,587,000. Finally, Mirae Asset Global Investments Co. Ltd. raised its holdings in shares of Coeur Mining by 22.0% in the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 9,457,720 shares of the basic materials company’s stock valued at $30,832,000 after purchasing an additional 1,702,840 shares during the period. Institutional investors own 63.01% of the company’s stock.

About Coeur Mining

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.