Coeur Mining (NYSE:CDE) Reaches New 1-Year High - Still a Buy?

Coeur Mining, Inc. (NYSE:CDE - Get Free Report) shares hit a new 52-week high during mid-day trading on Monday . The stock traded as high as $9.97 and last traded at $9.85, with a volume of 4625294 shares changing hands. The stock had previously closed at $9.59.

Analyst Ratings Changes

CDE has been the topic of several research analyst reports. National Bank Financial upgraded shares of Coeur Mining to a "strong-buy" rating in a report on Thursday, June 12th. National Bankshares set a $12.00 price objective on shares of Coeur Mining in a report on Friday, June 13th. Roth Capital restated a "buy" rating and issued a $12.00 price objective (up from $10.00) on shares of Coeur Mining in a report on Tuesday, July 1st. Finally, Raymond James Financial restated an "outperform" rating and issued a $8.50 price objective on shares of Coeur Mining in a report on Wednesday, April 2nd. One analyst has rated the stock with a hold rating, six have assigned a buy rating and three have assigned a strong buy rating to the company's stock. According to data from MarketBeat, the company currently has an average rating of "Buy" and an average price target of $9.21.

Coeur Mining Stock Performance

The firm has a market capitalization of $5.84 billion, a price-to-earnings ratio of 35.14 and a beta of 1.32. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.93 and a quick ratio of 0.62. The firm has a 50 day moving average price of $8.56 and a 200-day moving average price of $6.89.

Coeur Mining (NYSE:CDE - Get Free Report) last announced its quarterly earnings data on Wednesday, May 7th. The basic materials company reported $0.11 EPS for the quarter, topping analysts' consensus estimates of ($0.01) by $0.12. Coeur Mining had a return on equity of 9.96% and a net margin of 10.11%. During the same quarter in the prior year, the firm earned ($0.05) earnings per share. The business's quarterly revenue was up 69.0% on a year-over-year basis. As a group, sell-side analysts expect that Coeur Mining, Inc. will post 0.58 earnings per share for the current fiscal year.

Insider Transactions at Coeur Mining

In other news, Director Eduardo Luna sold 17,160 shares of the business's stock in a transaction dated Wednesday, May 21st. The stock was sold at an average price of $7.83, for a total transaction of $134,362.80. Following the completion of the transaction, the director directly owned 101,841 shares of the company's stock, valued at approximately $797,415.03. The trade was a 14.42% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Pierre Beaudoin sold 60,551 shares of the business's stock in a transaction dated Friday, May 9th. The stock was sold at an average price of $7.30, for a total value of $442,022.30. Following the transaction, the director directly owned 188,362 shares of the company's stock, valued at approximately $1,375,042.60. This represents a 24.33% 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. 1.56% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Coeur Mining

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. MAI Capital Management acquired a new position in Coeur Mining in the first quarter valued at approximately $25,000. Summer Road LLC acquired a new position in Coeur Mining in the first quarter valued at approximately $28,000. City State Bank boosted its holdings in Coeur Mining by 56.9% in the first quarter. City State Bank now owns 6,274 shares of the basic materials company's stock valued at $37,000 after purchasing an additional 2,274 shares in the last quarter. Quarry LP boosted its holdings in Coeur Mining by 853.8% in the fourth quarter. Quarry LP now owns 6,667 shares of the basic materials company's stock valued at $38,000 after purchasing an additional 5,968 shares in the last quarter. Finally, Optiver Holding B.V. boosted its holdings in Coeur Mining by 150.5% in the fourth quarter. Optiver Holding B.V. now owns 8,160 shares of the basic materials company's stock valued at $47,000 after purchasing an additional 4,903 shares in the last quarter. 63.01% of the stock is owned by institutional investors and hedge funds.

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.