Coeur Mining (NYSE:CDE) Sets New 1-Year High at $4.57

Shares of Coeur Mining, Inc. (NYSE:CDE - Get Free Report) hit a new 52-week high during trading on Wednesday . The stock traded as high as $4.57 and last traded at $4.57, with a volume of 10764687 shares traded. The stock had previously closed at $4.17.

Analyst Ratings Changes

Several analysts have commented on CDE shares. Raymond James lowered their price objective on shares of Coeur Mining from $4.00 to $3.75 and set a "market perform" rating on the stock in a research report on Thursday, February 22nd. National Bank Financial reissued an "outperform spec market weight" rating on shares of Coeur Mining in a research report on Wednesday, January 3rd. One research analyst has rated the stock with a sell rating, two have issued a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $3.79.

Coeur Mining Trading Up 11.0 %

The firm's 50-day moving average price is $3.02 and its 200-day moving average price is $2.81. The company has a quick ratio of 0.38, a current ratio of 0.92 and a debt-to-equity ratio of 0.51. The company has a market cap of $1.79 billion, a P/E ratio of -14.94 and a beta of 1.82.

Coeur Mining (NYSE:CDE - Get Free Report) last announced its quarterly earnings data on Wednesday, February 21st. The basic materials company reported ($0.02) earnings per share (EPS) for the quarter. Coeur Mining had a negative net margin of 12.62% and a negative return on equity of 7.79%. The company had revenue of $262.10 million for the quarter. As a group, equities research analysts expect that Coeur Mining, Inc. will post -0.05 earnings per share for the current fiscal year.

Institutional Trading of Coeur Mining

A number of institutional investors have recently modified their holdings of the company. Moneta Group Investment Advisors LLC increased its holdings in Coeur Mining by 99,607.1% during the 4th quarter. Moneta Group Investment Advisors LLC now owns 170,843,155 shares of the basic materials company's stock valued at $574,033,000 after purchasing an additional 170,671,810 shares during the period. Van ECK Associates Corp increased its holdings in Coeur Mining by 10.9% during the 4th quarter. Van ECK Associates Corp now owns 36,279,058 shares of the basic materials company's stock valued at $118,269,000 after purchasing an additional 3,556,959 shares during the period. Vanguard Group Inc. increased its holdings in Coeur Mining by 12.5% during the 4th quarter. Vanguard Group Inc. now owns 35,854,316 shares of the basic materials company's stock valued at $116,885,000 after purchasing an additional 3,989,352 shares during the period. BlackRock Inc. increased its holdings in Coeur Mining by 21.6% during the 2nd quarter. BlackRock Inc. now owns 32,638,874 shares of the basic materials company's stock valued at $92,694,000 after purchasing an additional 5,798,848 shares during the period. Finally, State Street Corp increased its holdings in Coeur Mining by 56.5% during the 1st quarter. State Street Corp now owns 27,794,163 shares of the basic materials company's stock valued at $123,684,000 after purchasing an additional 10,035,506 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.