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

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

Analyst Upgrades and Downgrades

Several research analysts have commented on CDE shares. National Bank Financial restated an “outperform spec market weight” rating on shares of Coeur Mining in a report on Monday, April 8th. Raymond James lifted their price objective on Coeur Mining from $3.75 to $4.00 and gave the company a “market perform” rating in a research report on Monday, April 8th. BMO Capital Markets upgraded Coeur Mining from a “market perform” rating to an “outperform” rating and raised their target price for the company from $4.25 to $5.50 in a research note on Friday, May 3rd. Roth Mkm started coverage on Coeur Mining in a research note on Tuesday, April 9th. They issued a “buy” rating and a $5.40 price target on the stock. Finally, Roth Capital reissued a “buy” rating on shares of Coeur Mining in a research report on Tuesday, April 9th. One analyst has rated the stock with a sell rating, one has assigned a hold rating and eight have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $4.36.

Coeur Mining Trading Up 7.5 %

The stock has a market cap of $2.19 billion, a PE ratio of -17.69 and a beta of 1.77. The stock’s fifty day moving average price is $4.08 and its 200 day moving average price is $3.24. 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 posted its quarterly earnings results on Wednesday, May 1st. The basic materials company reported ($0.05) earnings per share for the quarter, topping the consensus estimate of ($0.06) by $0.01. Coeur Mining had a negative return on equity of 6.28% and a negative net margin of 12.77%. The firm had revenue of $213.10 million during the quarter, compared to analysts’ expectations of $203.43 million. During the same quarter in the previous year, the business earned ($0.11) earnings per share. The company’s revenue was up 13.8% on a year-over-year basis. On average, sell-side analysts forecast that Coeur Mining, Inc. will post -0.04 EPS for the current year.

Insider Buying and Selling

In related news, Director Sebastian Edwards sold 20,000 shares of the firm’s stock in a transaction dated Tuesday, May 7th. The stock was sold at an average price of $5.08, for a total transaction of $101,600.00. Following the completion of the sale, the director now directly owns 103,100 shares of the company’s stock, valued at approximately $523,748. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, CAO Kenneth J. Watkinson sold 44,000 shares of the firm’s stock in a transaction dated Friday, May 3rd. The stock was sold at an average price of $4.86, for a total transaction 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 approximately $683,894.34. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Sebastian Edwards sold 20,000 shares of the business’s stock in a transaction dated Tuesday, May 7th. The stock was sold at an average price of $5.08, for a total transaction of $101,600.00. Following the sale, the director now owns 103,100 shares in the company, valued at $523,748. The disclosure for this sale can be found here. 1.56% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Coeur Mining

A number of hedge funds have recently added to or reduced their stakes in the business. Vanguard Group Inc. increased its position in shares of 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 worth $70,740,000 after acquiring an additional 1,716,929 shares during the period. Charles Schwab Investment Management Inc. increased its holdings in Coeur Mining by 7.1% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 4,153,752 shares of the basic materials company’s stock worth $9,221,000 after purchasing an additional 274,878 shares during the period. Jupiter Asset Management Ltd. raised its position in Coeur Mining by 95.9% in the 3rd quarter. Jupiter Asset Management Ltd. now owns 10,246,050 shares of the basic materials company’s stock valued at $22,746,000 after purchasing an additional 5,017,119 shares in the last quarter. Assenagon Asset Management S.A. boosted its stake in shares of Coeur Mining by 1.7% in 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 buying an additional 4,175 shares during the period. Finally, Mirae Asset Global Investments Co. Ltd. grew its position in shares of 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 buying an additional 1,702,840 shares in the last quarter. 63.01% of the stock is currently owned by institutional investors and hedge funds.

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.