Coeur Mining, Inc. (NYSE:CDE – Get Free Report) was up 5.7% during mid-day trading on Thursday . The company traded as high as $5.94 and last traded at $5.91. Approximately 6,204,950 shares changed hands during trading, a decline of 17% from the average daily volume of 7,440,391 shares. The stock had previously closed at $5.59.
Analyst Ratings Changes
A number of research analysts recently issued reports on CDE shares. BMO Capital Markets upgraded shares of Coeur Mining from a “market perform” rating to an “outperform” rating and boosted their target price for the company from $4.25 to $5.50 in a research report on Friday, May 3rd. Raymond James boosted 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 report on Monday, April 8th. Roth Mkm started coverage on shares of Coeur Mining in a research report on Tuesday, April 9th. They set a “buy” rating and a $5.40 target price for the company. Roth Capital restated a “buy” rating on shares of Coeur Mining in a research report on Tuesday, April 9th. Finally, National Bank Financial restated an “outperform spec market weight” rating on shares of Coeur Mining in a research report on Monday, April 8th. One research analyst has rated the stock with a sell rating, one has issued a hold rating and eight have given a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $4.36.
Coeur Mining Stock Performance
The business’s 50-day simple moving average is $5.22 and its two-hundred day simple moving average is $3.87. The firm has a market cap of $2.34 billion, a price-to-earnings ratio of -18.92 and a beta of 1.76. 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 – Get Free Report) last released its earnings results on Wednesday, May 1st. The basic materials company reported ($0.05) EPS for the quarter, topping analysts’ consensus estimates of ($0.06) by $0.01. The business had revenue of $213.10 million during the quarter, compared to analysts’ expectations of $203.43 million. Coeur Mining had a negative net margin of 12.77% and a negative return on equity of 6.28%. The company’s quarterly revenue was up 13.8% on a year-over-year basis. During the same quarter in the previous year, the company earned ($0.11) earnings per share. As a group, sell-side analysts expect that Coeur Mining, Inc. will post 0.08 earnings per share for the current fiscal year.
Insider Transactions at Coeur Mining
In other news, Director Sebastian Edwards sold 20,000 shares of the business’s stock in a transaction dated Tuesday, May 7th. The shares were 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 owns 103,100 shares of the company’s stock, valued at $523,748. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, Director Sebastian Edwards sold 20,000 shares of the company’s stock in a transaction dated Tuesday, May 7th. The shares were 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 owns 103,100 shares of the company’s stock, valued at approximately $523,748. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CAO Kenneth J. Watkinson sold 44,000 shares of the company’s stock in a transaction dated 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 disclosure for this sale can be found here. Corporate insiders own 1.56% of the company’s stock.
Institutional Trading of Coeur Mining
Several large investors have recently bought and sold shares of CDE. Tidal Investments LLC purchased a new stake in shares of Coeur Mining in the 1st quarter valued at approximately $41,587,000. Vanguard Group Inc. grew its stake 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 buying an additional 3,989,352 shares during the period. Van ECK Associates Corp lifted its holdings in shares of Coeur Mining by 10.9% in the 4th quarter. Van ECK Associates Corp now owns 36,279,058 shares of the basic materials company’s stock worth $118,269,000 after acquiring an additional 3,556,959 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. lifted 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 worth $30,832,000 after acquiring an additional 1,702,840 shares during the last quarter. Finally, Deutsche Bank AG lifted its holdings in shares of Coeur Mining by 164.4% in the 3rd quarter. Deutsche Bank AG now owns 2,287,978 shares of the basic materials company’s stock worth $5,079,000 after acquiring an additional 1,422,710 shares during the last quarter. Hedge funds and other institutional investors own 63.01% of the company’s stock.
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.