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

Coeur Mining, Inc. (NYSE:CDE) shares reached a new 52-week high on Saturday . The stock traded as high as $7.85 and last traded at $7.85, with a volume of 29929871 shares traded. The stock had previously closed at $6.97.

Wall Street Analyst Weigh In

CDE has been the topic of a number of recent analyst reports. TD Cowen raised Coeur Mining to a “strong-buy” rating in a research report on Tuesday, March 11th. Raymond James restated an “outperform” rating and set a $8.50 price objective on shares of Coeur Mining in a report on Wednesday, April 2nd. BMO Capital Markets started coverage on shares of Coeur Mining in a report on Tuesday, February 18th. They issued an “outperform” rating and a $9.00 target price for the company. Cormark upgraded shares of Coeur Mining to a “moderate buy” rating in a report on Thursday, February 20th. Finally, Roth Mkm decreased their price objective on shares of Coeur Mining from $8.50 to $8.25 and set a “buy” rating for the company in a research note on Friday, February 21st. One research analyst has rated the stock with a hold rating, five have assigned a buy rating and three have given a strong buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Buy” and a consensus target price of $8.10.

Coeur Mining Stock Up 12.6 %

The business’s 50 day simple moving average is $5.84 and its 200-day simple moving average is $6.16. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.39 and a current ratio of 0.83. The company has a market cap of $5.02 billion, a price-to-earnings ratio of 65.42 and a beta of 1.24.

Coeur Mining (NYSE:CDE) last released its quarterly earnings data on Wednesday, May 7th. The basic materials company reported $0.11 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.01) by $0.12. Coeur Mining had a return on equity of 6.59% and a net margin of 5.59%. During the same quarter in the previous year, the business earned ($0.05) earnings per share. The company’s revenue was up 69.0% compared to the same quarter last year. Sell-side analysts expect that Coeur Mining, Inc. will post 0.58 earnings per share for the current year.

Insider Activity at Coeur Mining

In other Coeur Mining news, CFO Thomas S. Whelan bought 10,000 shares of Coeur Mining stock in a transaction on Wednesday, February 26th. The stock was purchased at an average cost of $5.25 per share, for a total transaction of $52,500.00. Following the completion of the purchase, the chief financial officer now directly owns 668,450 shares of the company’s stock, valued at $3,509,362.50. The trade was a 1.52 % increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 1.50% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of CDE. Vanguard Group Inc. increased its position in Coeur Mining by 57.3% during the first quarter. Vanguard Group Inc. now owns 64,003,856 shares of the basic materials company’s stock worth $378,903,000 after buying an additional 23,303,638 shares during the last quarter. Two Sigma Advisers LP increased its holdings in shares of Coeur Mining by 404.6% during the 4th quarter. Two Sigma Advisers LP now owns 5,089,100 shares of the basic materials company’s stock valued at $29,110,000 after acquiring an additional 4,080,600 shares during the last quarter. Jacobs Levy Equity Management Inc. bought a new position in shares of Coeur Mining in the 4th quarter valued at approximately $21,224,000. Jupiter Asset Management Ltd. lifted its holdings in Coeur Mining by 60.9% in the 1st quarter. Jupiter Asset Management Ltd. now owns 8,541,297 shares of the basic materials company’s stock worth $50,564,000 after purchasing an additional 3,233,383 shares during the last quarter. Finally, Ruffer LLP acquired a new stake in Coeur Mining in the 1st quarter worth approximately $17,673,000. Institutional investors own 63.01% of the company’s stock.

About Coeur Mining

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.