Coeur Mining (NYSE:CDE) Sets New 1-Year High - Time to Buy?

Key Points

• Coeur Mining's shares reached a new 52-week high at $18.31 before closing at $17.41, with high trading volume of approximately 1.65 million shares.
• The company reported a quarterly EPS of $0.20, exceeding expectations, and achieved a revenue of $480.65 million, marking a year-over-year increase of 116.5%.
• Analysts have generally rated Coeur Mining positively, with a consensus rating of "Buy" and an average target price of $9.79, despite recent insider selling activity.

Coeur Mining, Inc. (NYSE:CDE - Get Free Report) shares hit a new 52-week high on Monday . The stock traded as high as $18.31 and last traded at $17.41, with a volume of 1657493 shares changing hands. The stock had previously closed at $17.42.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on the company. National Bank Financial raised Coeur Mining to a "strong-buy" rating in a research note on Thursday, June 12th. Roth Capital reaffirmed a "buy" rating and issued a $13.00 price objective on shares of Coeur Mining in a research note on Thursday, August 7th. Zacks Research upgraded Coeur Mining to a "hold" rating in a report on Tuesday, August 12th. BMO Capital Markets increased their price objective on Coeur Mining from $11.00 to $12.00 and gave the company an "outperform" rating in a report on Thursday, August 7th. Finally, National Bankshares set a $12.00 target price on Coeur Mining in a research note on Friday, June 13th. Three investment analysts have rated the stock with a Strong Buy rating, six have assigned a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat, Coeur Mining currently has a consensus rating of "Buy" and an average target price of $9.79.

Coeur Mining Stock Down 0.4%

The company has a current ratio of 1.61, a quick ratio of 0.60 and a debt-to-equity ratio of 0.12. The company has a market capitalization of $11.16 billion, a price-to-earnings ratio of 47.11 and a beta of 1.19. The firm's 50 day moving average price is $11.92 and its two-hundred day moving average price is $8.85.

Coeur Mining (NYSE:CDE - Get Free Report) last released its quarterly earnings results on Wednesday, August 6th. The basic materials company reported $0.20 EPS for the quarter, beating 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 for the quarter, compared to analyst estimates of $438.40 million. During the same quarter in the previous year, the company posted ($0.01) EPS. The business's revenue was up 116.5% on a year-over-year basis. Sell-side analysts anticipate that Coeur Mining, Inc. will post 0.58 earnings per share for the current fiscal year.

Insider Buying and Selling at Coeur Mining

In other news, SVP Aoife Mcgrath sold 8,000 shares of Coeur Mining stock in a transaction on Tuesday, August 12th. The stock was sold at an average price of $11.69, for a total transaction of $93,520.00. Following the completion of the sale, the senior vice president directly owned 203,318 shares in the company, valued at approximately $2,376,787.42. This trade represents a 3.79% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP Casey M. Nault sold 102,257 shares of the business's stock in a transaction dated Friday, August 22nd. The stock was sold at an average price of $12.00, for a total value of $1,227,084.00. Following the sale, the senior vice president owned 568,623 shares in the company, valued at $6,823,476. The trade was a 15.24% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 516,619 shares of company stock worth $6,626,362. 1.56% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Coeur Mining

Several institutional investors have recently added to or reduced their stakes in CDE. EverSource Wealth Advisors LLC grew its holdings in Coeur Mining by 74.2% in the second quarter. EverSource Wealth Advisors LLC now owns 3,368 shares of the basic materials company's stock valued at $30,000 after purchasing an additional 1,435 shares during the last quarter. MAI Capital Management bought a new stake in Coeur Mining during the 1st quarter valued at $25,000. Luminist Capital LLC acquired a new stake in shares of Coeur Mining during the second quarter worth $40,000. Summer Road LLC purchased a new position in Coeur Mining in the first quarter valued at about $28,000. Finally, City State Bank lifted its position in shares of Coeur Mining by 56.9% during the 1st quarter. City State Bank now owns 6,274 shares of the basic materials company's stock worth $37,000 after purchasing an additional 2,274 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.

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