Coeur Mining (NYSE:CDE) Hits New 52-Week High at $6.05

Coeur Mining, Inc. (NYSE:CDEGet Free Report) hit a new 52-week high during mid-day trading on Friday . The stock traded as high as $6.05 and last traded at $5.98, with a volume of 760306 shares trading hands. The stock had previously closed at $5.84.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on CDE. Raymond James raised their target price on shares of Coeur Mining from $3.75 to $4.00 and gave the company a “market perform” rating in a research note on Monday, April 8th. Roth Capital reissued a “buy” rating on shares of Coeur Mining in a research note on Tuesday, April 9th. Roth Mkm started coverage on shares of Coeur Mining in a research note on Tuesday, April 9th. They set a “buy” rating and a $5.40 price objective on the stock. National Bank Financial reissued an “outperform spec market weight” rating on shares of Coeur Mining in a research note on Monday, April 8th. Finally, BMO Capital Markets raised shares of Coeur Mining from a “market perform” rating to an “outperform” rating and lifted their price objective for the stock from $4.25 to $5.50 in a research note on Friday, May 3rd. One research 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’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $4.36.

Read Our Latest Research Report on CDE

Coeur Mining Stock Down 1.5 %

The company has a quick ratio of 0.43, a current ratio of 0.99 and a debt-to-equity ratio of 0.55. The company has a market capitalization of $2.30 billion, a price-to-earnings ratio of -18.55 and a beta of 1.77. The stock’s fifty day moving average price is $4.85 and its 200-day moving average price is $3.60.

Coeur Mining (NYSE:CDEGet Free Report) last posted its quarterly earnings data on Wednesday, May 1st. The basic materials company reported ($0.05) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 for the quarter, compared to the consensus estimate of $203.43 million. During the same period last year, the company earned ($0.11) earnings per share. The firm’s revenue was up 13.8% compared to the same quarter last year. On average, sell-side analysts predict that Coeur Mining, Inc. will post 0.08 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, CAO Kenneth J. Watkinson sold 44,000 shares of the business’s stock in a transaction 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 transaction, the chief accounting officer now directly owns 140,719 shares in the company, valued at $683,894.34. The sale was disclosed in a filing with the SEC, which is available through this link. In other Coeur Mining news, Director Sebastian Edwards sold 20,000 shares of the company’s stock in a transaction 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 in the company, valued at $523,748. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, CAO Kenneth J. Watkinson sold 44,000 shares of the company’s stock in a transaction 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 completion of the transaction, the chief accounting officer now owns 140,719 shares in the company, valued at $683,894.34. The disclosure for this sale can be found here. 1.56% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Coeur Mining

Several institutional investors and hedge funds have recently modified their holdings of CDE. Principal Financial Group Inc. increased its holdings in shares of Coeur Mining by 43.5% in the third quarter. Principal Financial Group Inc. now owns 48,718 shares of the basic materials company’s stock valued at $108,000 after purchasing an additional 14,768 shares during the last quarter. Private Advisor Group LLC bought a new stake in shares of Coeur Mining in the third quarter valued at about $279,000. Sigma Planning Corp boosted its position in shares of Coeur Mining by 35.3% in the third quarter. Sigma Planning Corp now owns 31,670 shares of the basic materials company’s stock valued at $70,000 after acquiring an additional 8,260 shares during the period. Arizona State Retirement System boosted its position in shares of Coeur Mining by 5.0% in the third quarter. Arizona State Retirement System now owns 94,826 shares of the basic materials company’s stock valued at $211,000 after acquiring an additional 4,554 shares during the period. Finally, Barclays PLC boosted its position in shares of Coeur Mining by 5.0% in the third quarter. Barclays PLC now owns 680,950 shares of the basic materials company’s stock valued at $1,513,000 after acquiring an additional 32,386 shares during the period. 63.01% of the stock is currently owned by institutional investors and hedge funds.

About Coeur Mining

(Get Free Report)

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.

Recommended Stories

Receive News & Ratings for Coeur Mining Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Coeur Mining and related companies with MarketBeat.com's FREE daily email newsletter.