Coeur Mining (NYSE:CDE) Sets New 12-Month High - What's Next?

Coeur Mining, Inc. (NYSE:CDE - Get Free Report) hit a new 52-week high during mid-day trading on Tuesday . The company traded as high as $8.18 and last traded at $8.00, with a volume of 2253278 shares trading hands. The stock had previously closed at $7.81.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on CDE. National Bank Financial raised shares of Coeur Mining to a "strong-buy" rating in a report on Friday, March 21st. TD Securities initiated coverage on shares of Coeur Mining in a research note on Tuesday, March 11th. They set a "buy" rating and a $7.00 target price for the company. Cormark raised shares of Coeur Mining to a "moderate buy" rating in a research note on Thursday, February 20th. TD Cowen upgraded shares of Coeur Mining to a "strong-buy" rating in a report on Tuesday, March 11th. Finally, Raymond James restated an "outperform" rating and set a $8.50 price objective on shares of Coeur Mining in a report on Wednesday, April 2nd. One research analyst has rated the stock with a hold rating, five have given a buy rating and three have issued a strong buy rating to the company's stock. According to data from MarketBeat, the stock presently has an average rating of "Buy" and a consensus price target of $8.10.

Coeur Mining Stock Down 1.2%

The company has a market capitalization of $5.33 billion, a PE ratio of 69.40 and a beta of 1.24. The business's 50-day simple moving average is $6.30 and its 200-day simple moving average is $6.26. The company has a current ratio of 0.83, a quick ratio of 0.39 and a debt-to-equity ratio of 0.50.

Coeur Mining (NYSE:CDE - Get Free Report) last announced its earnings results on Wednesday, May 7th. The basic materials company reported $0.11 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.01) by $0.12. Coeur Mining had a net margin of 5.59% and a return on equity of 6.59%. The business's quarterly revenue was up 69.0% on a year-over-year basis. During the same quarter in the previous year, the firm posted ($0.05) EPS. As a group, equities research analysts anticipate that Coeur Mining, Inc. will post 0.58 EPS for the current fiscal year.

Insider Buying and Selling

In other Coeur Mining news, Director Pierre Beaudoin sold 60,551 shares of the firm's stock in a transaction on Friday, May 9th. The stock was sold at an average price of $7.30, for a total value of $442,022.30. Following the completion of the sale, the director now owns 188,362 shares of the company's stock, valued at approximately $1,375,042.60. This trade represents a 24.33% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Eduardo Luna sold 17,160 shares of the company's stock in a transaction dated Wednesday, May 21st. The shares were sold at an average price of $7.83, for a total transaction of $134,362.80. Following the completion of the sale, the director now directly owns 101,841 shares in the company, valued at $797,415.03. This trade represents a 14.42% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 90,061 shares of company stock worth $667,775. Company insiders own 1.50% of the company's stock.

Institutional Trading of Coeur Mining

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Vanguard Group Inc. raised its position in shares of Coeur Mining by 57.3% in the 1st quarter. Vanguard Group Inc. now owns 64,003,856 shares of the basic materials company's stock valued at $378,903,000 after purchasing an additional 23,303,638 shares in the last quarter. Dimensional Fund Advisors LP increased its position in Coeur Mining by 26.8% in the first quarter. Dimensional Fund Advisors LP now owns 21,751,422 shares of the basic materials company's stock worth $128,774,000 after buying an additional 4,594,097 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in shares of Coeur Mining by 72.5% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 18,040,649 shares of the basic materials company's stock worth $106,801,000 after purchasing an additional 7,579,901 shares in the last quarter. Tidal Investments LLC increased its stake in Coeur Mining by 11.1% during the 4th quarter. Tidal Investments LLC now owns 13,343,775 shares of the basic materials company's stock valued at $76,326,000 after buying an additional 1,332,684 shares during the period. Finally, Sprott Inc. boosted its stake in Coeur Mining by 889.3% during the first quarter. Sprott Inc. now owns 11,324,856 shares of the basic materials company's stock valued at $66,963,000 after buying an additional 10,180,102 shares in the last quarter. Institutional investors and hedge funds 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.