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

Coeur Mining, Inc. (NYSE:CDE - Get Free Report) shares hit a new 52-week high during trading on Monday . The company traded as high as $8.83 and last traded at $8.80, with a volume of 4166719 shares. The stock had previously closed at $8.08.

Analyst Upgrades and Downgrades

A number of brokerages have commented on CDE. Roth Mkm decreased their price objective on Coeur Mining from $8.50 to $8.25 and set a "buy" rating for the company in a report on Friday, February 21st. TD Cowen raised Coeur Mining to a "strong-buy" rating in a report on Tuesday, March 11th. National Bank Financial raised Coeur Mining to a "strong-buy" rating in a report on Friday, March 21st. Cormark raised Coeur Mining to a "moderate buy" rating in a report on Thursday, February 20th. Finally, BMO Capital Markets began coverage on Coeur Mining in a report on Tuesday, February 18th. They set an "outperform" rating and a $9.00 price objective for the company. One equities research analyst has rated the stock with a hold rating, five have assigned a buy rating and three have given a strong buy rating to the company's stock. Based on data from MarketBeat, Coeur Mining has an average rating of "Buy" and a consensus price target of $8.10.

Coeur Mining Trading Up 2.3%

The company has a market capitalization of $5.65 billion, a P/E ratio of 73.55 and a beta of 1.24. The company has a debt-to-equity ratio of 0.50, a current ratio of 0.83 and a quick ratio of 0.39. The firm has a fifty day moving average price of $6.42 and a 200-day moving average price of $6.31.

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

Insider Buying and Selling at Coeur Mining

In other Coeur Mining news, CAO Kenneth J. Watkinson sold 12,350 shares of the stock in a transaction on Friday, May 9th. The stock was sold at an average price of $7.40, for a total transaction of $91,390.00. Following the completion of the transaction, the chief accounting officer now directly owns 122,104 shares of the company's stock, valued at approximately $903,569.60. This represents a 9.19% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Eduardo Luna sold 17,160 shares of the stock in a transaction on Wednesday, May 21st. The shares were sold at an average price of $7.83, for a total value of $134,362.80. Following the transaction, the director now directly owns 101,841 shares of the company's stock, valued at approximately $797,415.03. This trade represents a 14.42% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 90,061 shares of company stock valued at $667,775. Company insiders own 1.50% of the company's stock.

Institutional Investors Weigh In On Coeur Mining

Several institutional investors have recently made changes to their positions in the stock. Plancorp LLC lifted its position in shares of Coeur Mining by 0.5% during the first quarter. Plancorp LLC now owns 300,790 shares of the basic materials company's stock worth $1,781,000 after acquiring an additional 1,617 shares in the last quarter. Freedom Investment Management Inc. lifted its position in shares of Coeur Mining by 3.6% during the first quarter. Freedom Investment Management Inc. now owns 64,444 shares of the basic materials company's stock worth $382,000 after acquiring an additional 2,253 shares in the last quarter. City State Bank lifted its position in shares of Coeur Mining by 56.9% during the first quarter. City State Bank now owns 6,274 shares of the basic materials company's stock worth $37,000 after acquiring an additional 2,274 shares in the last quarter. State of New Jersey Common Pension Fund D lifted its position in shares of Coeur Mining by 0.7% during the fourth quarter. State of New Jersey Common Pension Fund D now owns 315,190 shares of the basic materials company's stock worth $1,803,000 after acquiring an additional 2,323 shares in the last quarter. Finally, Summit Investment Advisors Inc. lifted its position in shares of Coeur Mining by 6.8% during the fourth quarter. Summit Investment Advisors Inc. now owns 41,333 shares of the basic materials company's stock worth $236,000 after acquiring an additional 2,624 shares in the last quarter. Hedge funds and other institutional investors own 63.01% of the company's stock.

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.