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

Key Points

• Coeur Mining shares reached a new 52-week high of $14.93, closing at $14.54, with significant trading volume of over 16 million shares.
• Analysts maintain a generally positive outlook for Coeur Mining, with three analysts recommending a Strong Buy rating and an average price target of $9.79.
• In recent insider trading, CEO Mitchell J. Krebs sold 125,000 shares valued at approximately $1.83 million, resulting in a decrease of 5.38% in ownership.

Shares of Coeur Mining, Inc. (NYSE:CDE - Get Free Report) reached a new 52-week high on Tuesday . The stock traded as high as $14.93 and last traded at $14.54, with a volume of 16198046 shares traded. The stock had previously closed at $14.67.

Wall Street Analysts Forecast Growth

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

Coeur Mining Trading Down 0.9%

The company has a market capitalization of $9.34 billion, a price-to-earnings ratio of 39.28 and a beta of 1.19. 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 firm has a fifty day moving average price of $10.70 and a 200-day moving average price of $8.18.

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

Insider Transactions at Coeur Mining

In other Coeur Mining news, CEO Mitchell J. Krebs sold 125,000 shares of Coeur Mining stock in a transaction dated Monday, September 8th. The stock was sold at an average price of $14.65, for a total value of $1,831,250.00. Following the transaction, the chief executive officer owned 2,197,309 shares in the company, valued at $32,190,576.85. The trade was a 5.38% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CAO Kenneth J. Watkinson sold 8,000 shares of Coeur Mining stock in a transaction dated Friday, August 8th. The shares were sold at an average price of $11.62, for a total value of $92,960.00. Following the completion of the transaction, the chief accounting officer owned 143,007 shares in the company, valued at approximately $1,661,741.34. This represents a 5.30% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 516,619 shares of company stock valued at $6,626,362. Company insiders own 1.50% of the company's stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the business. Cambridge Investment Research Advisors Inc. grew its position in Coeur Mining by 150.4% in the first quarter. Cambridge Investment Research Advisors Inc. now owns 215,707 shares of the basic materials company's stock valued at $1,277,000 after acquiring an additional 129,574 shares during the last quarter. Wealth Enhancement Advisory Services LLC acquired a new stake in shares of Coeur Mining during the first quarter valued at about $540,000. Allspring Global Investments Holdings LLC boosted its stake in shares of Coeur Mining by 3,091.5% during the first quarter. Allspring Global Investments Holdings LLC now owns 1,021,974 shares of the basic materials company's stock valued at $6,050,000 after purchasing an additional 989,952 shares in the last quarter. Amalgamated Bank boosted its stake in shares of Coeur Mining by 71.0% during the first quarter. Amalgamated Bank now owns 21,544 shares of the basic materials company's stock valued at $128,000 after purchasing an additional 8,943 shares in the last quarter. Finally, Teacher Retirement System of Texas acquired a new stake in shares of Coeur Mining during the first quarter valued at about $813,000. 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.