Coeur Mining (NYSE:CDE) Hits New 12-Month High - Should You Buy?

Key Points

• Coeur Mining reached a new 52-week high of $11.86 per share during mid-day trading, reflecting strong market interest with over 12.5 million shares traded.
• Analysts have a consensus rating of "Buy" on Coeur Mining, with several upgrades and target price boosts, projecting a target price of around $12.00 to $13.00 from different firms.
• The company's recent quarterly earnings report revealed a 116.5% year-over-year revenue increase, reporting $480.65 million and earnings per share of $0.20, surpassing expectations.

Coeur Mining, Inc. (NYSE:CDE - Get Free Report)'s share price reached a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $11.86 and last traded at $11.84, with a volume of 12513727 shares traded. The stock had previously closed at $11.61.

Analyst Ratings Changes

CDE has been the subject of several analyst reports. National Bank Financial upgraded Coeur Mining to a "strong-buy" rating in a research report on Thursday, June 12th. BMO Capital Markets boosted their price objective on Coeur Mining from $11.00 to $12.00 and gave the company an "outperform" rating in a research report on Thursday, August 7th. Roth Capital reiterated a "buy" rating and issued a $13.00 price objective on shares of Coeur Mining in a research report on Thursday, August 7th. Finally, National Bankshares set a $12.00 price objective on Coeur Mining in a research report on Friday, June 13th. One research analyst has rated the stock with a hold rating, six have given a buy rating and three have given a strong buy rating to the company's stock. According to MarketBeat, Coeur Mining presently has a consensus rating of "Buy" and a consensus target price of $9.79.

Coeur Mining Trading Up 2.0%

The company has a debt-to-equity ratio of 0.12, a quick ratio of 0.60 and a current ratio of 1.61. The business has a 50-day simple moving average of $9.36 and a two-hundred day simple moving average of $7.38. The stock has a market cap of $7.61 billion, a price-to-earnings ratio of 32.00 and a beta of 1.16.

Coeur Mining (NYSE:CDE - Get Free Report) last released its quarterly earnings results on Wednesday, August 6th. The basic materials company reported $0.20 earnings per share for the quarter, topping analysts' consensus estimates of $0.18 by $0.02. Coeur Mining had a return on equity of 14.38% and a net margin of 13.06%. The firm had revenue of $480.65 million during the quarter, compared to the consensus estimate of $438.40 million. During the same quarter in the prior year, the firm posted ($0.01) EPS. The business's revenue was up 116.5% on a year-over-year basis. As a group, research analysts forecast that Coeur Mining, Inc. will post 0.58 EPS for the current year.

Insider Transactions at Coeur Mining

In other Coeur Mining news, Director Pierre Beaudoin sold 48,362 shares of the company's stock in a transaction that occurred on Friday, August 8th. The stock was sold at an average price of $11.57, for a total transaction of $559,548.34. Following the completion of the transaction, the director owned 140,000 shares of the company's stock, valued at $1,619,800. This represents a 25.68% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, SVP Casey M. Nault sold 100,000 shares of the company's stock in a transaction that occurred on Thursday, August 7th. The stock was sold at an average price of $10.02, for a total value of $1,002,000.00. Following the transaction, the senior vice president directly owned 670,880 shares of the company's stock, valued at approximately $6,722,217.60. This trade represents a 12.97% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 173,522 shares of company stock worth $1,788,871. 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 the stock. Edmond DE Rothschild Holding S.A. raised its stake in shares of Coeur Mining by 14.3% during the 2nd quarter. Edmond DE Rothschild Holding S.A. now owns 304,799 shares of the basic materials company's stock worth $2,701,000 after purchasing an additional 38,213 shares in the last quarter. Ameritas Investment Partners Inc. raised its stake in shares of Coeur Mining by 1.8% during the 2nd quarter. Ameritas Investment Partners Inc. now owns 65,416 shares of the basic materials company's stock worth $580,000 after purchasing an additional 1,183 shares in the last quarter. Prudential Financial Inc. raised its stake in shares of Coeur Mining by 455.2% during the 2nd quarter. Prudential Financial Inc. now owns 1,067,212 shares of the basic materials company's stock worth $9,455,000 after purchasing an additional 874,986 shares in the last quarter. American Century Companies Inc. raised its stake in shares of Coeur Mining by 136.1% during the 2nd quarter. American Century Companies Inc. now owns 2,759,607 shares of the basic materials company's stock worth $24,450,000 after purchasing an additional 1,591,008 shares in the last quarter. Finally, Rhumbline Advisers raised its stake in shares of Coeur Mining by 7.5% during the 2nd quarter. Rhumbline Advisers now owns 972,301 shares of the basic materials company's stock worth $8,615,000 after purchasing an additional 67,649 shares in the last quarter. 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.

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