Coeur Mining (NYSE:CDE) Trading Up 9.3% - What's Next?

Key Points

• Shares of Coeur Mining (NYSE:CDE) experienced a significant increase of 9.3%, trading at approximately $20.57 after closing at $18.82.
• Equities analysts have varied price targets for Coeur Mining, with reports indicating targets ranging from $12.00 to $20.00, and an overall consensus rating of "Buy."
• Coeur Mining reported a 116.5% year-over-year increase in revenue, with earnings per share of $0.20, surpassing analyst expectations of $0.18.

Shares of Coeur Mining, Inc. (NYSE:CDE - Get Free Report) traded up 9.3% during trading on Wednesday . The stock traded as high as $20.59 and last traded at $20.57. 6,738,216 shares were traded during trading, a decline of 59% from the average session volume of 16,355,250 shares. The stock had previously closed at $18.82.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on the stock. National Bankshares set a $12.00 price target on shares of Coeur Mining in a research report on Friday, June 13th. Roth Capital set a $20.00 price target on Coeur Mining and gave the stock a "buy" rating in a research note on Friday, October 3rd. BMO Capital Markets increased their price objective on Coeur Mining from $11.00 to $12.00 and gave the stock an "outperform" rating in a research report on Thursday, August 7th. National Bank Financial upgraded Coeur Mining to a "strong-buy" rating in a research report on Thursday, June 12th. Finally, Weiss Ratings reiterated a "hold (c+)" rating on shares of Coeur Mining in a research report on Wednesday. Three investment analysts have rated the stock with a Strong Buy rating, five have given a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Buy" and a consensus target price of $11.29.

Coeur Mining Stock Performance

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 firm has a 50-day simple moving average of $14.14 and a two-hundred day simple moving average of $9.88. The company has a market capitalization of $13.30 billion, a price-to-earnings ratio of 55.95 and a beta of 1.23.

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

Insider Transactions at Coeur Mining

In related news, SVP Aoife Mcgrath sold 8,000 shares of Coeur Mining stock in a transaction dated Tuesday, August 12th. The stock was sold at an average price of $11.69, for a total value of $93,520.00. Following the sale, the senior vice president owned 203,318 shares of the company's stock, valued at approximately $2,376,787.42. The trade was a 3.79% 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, CEO Mitchell J. Krebs sold 125,000 shares of Coeur Mining stock in a transaction dated Monday, September 8th. The shares were sold at an average price of $14.65, for a total value of $1,831,250.00. Following the completion of the sale, the chief executive officer directly owned 2,197,309 shares in the company, valued at approximately $32,190,576.85. This represents a 5.38% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 516,619 shares of company stock worth $6,626,362. 1.56% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the business. Ameritas Investment Partners Inc. increased its position in shares of Coeur Mining by 1.8% during the second quarter. Ameritas Investment Partners Inc. now owns 65,416 shares of the basic materials company's stock valued at $580,000 after buying an additional 1,183 shares during the period. BFI Infinity Ltd. increased its position in shares of Coeur Mining by 3.2% during the second quarter. BFI Infinity Ltd. now owns 43,560 shares of the basic materials company's stock valued at $386,000 after buying an additional 1,355 shares during the period. EverSource Wealth Advisors LLC increased its position in shares of Coeur Mining by 74.2% during the second quarter. EverSource Wealth Advisors LLC now owns 3,368 shares of the basic materials company's stock valued at $30,000 after buying an additional 1,435 shares during the period. Janney Montgomery Scott LLC increased its position in shares of Coeur Mining by 7.2% during the second quarter. Janney Montgomery Scott LLC now owns 23,702 shares of the basic materials company's stock valued at $210,000 after buying an additional 1,602 shares during the period. Finally, Plancorp LLC increased 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 valued at $1,781,000 after buying an additional 1,617 shares during the period. 63.01% of the stock is currently owned by hedge funds and other institutional investors.

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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