Coeur Mining (NYSE:CDE) Hits New 52-Week High at $6.05 (2024)

Posted by ABMN Staff on Jun 2nd, 2024

Shares of Coeur Mining, Inc. (NYSE:CDE – Get Free Report) hit a new 52-week high during mid-day trading on Friday . The company traded as high as $6.05 and last traded at $5.98, with a volume of 760306 shares. The stock had previously closed at $5.84.

Analysts Set New Price Targets

CDE has been the topic of several research reports. BMO Capital Markets upgraded Coeur Mining from a “market perform” rating to an “outperform” rating and raised their price objective for the stock from $4.25 to $5.50 in a report on Friday, May 3rd. Roth Mkm began coverage on Coeur Mining in a research report on Tuesday, April 9th. They set a “buy” rating and a $5.40 target price for the company. Raymond James lifted their target price on Coeur Mining from $3.75 to $4.00 and gave the company a “market perform” rating in a research report on Monday, April 8th. Roth Capital reaffirmed a “buy” rating on shares of Coeur Mining in a research report on Tuesday, April 9th. Finally, National Bank Financial reaffirmed an “outperform spec market weight” rating on shares of Coeur Mining in a research report on Monday, April 8th. One research analyst has rated the stock with a sell rating, one has issued a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $4.36.

Get Our Latest Stock Analysis on Coeur Mining

Coeur Mining Stock Down 1.5 %

The company has a 50-day moving average of $4.85 and a 200-day moving average of $3.60. The company has a market capitalization of $2.30 billion, a price-to-earnings ratio of -18.55 and a beta of 1.77. The company has a current ratio of 0.99, a quick ratio of 0.43 and a debt-to-equity ratio of 0.55.

Coeur Mining (NYSE:CDE – Get Free Report) last announced its earnings results on Wednesday, May 1st. The basic materials company reported ($0.05) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.06) by $0.01. Coeur Mining had a negative return on equity of 6.28% and a negative net margin of 12.77%. The company had revenue of $213.10 million for the quarter, compared to analyst estimates of $203.43 million. During the same period in the prior year, the company posted ($0.11) EPS. The firm’s quarterly revenue was up 13.8% compared to the same quarter last year. On average, equities analysts predict that Coeur Mining, Inc. will post 0.08 earnings per share for the current fiscal year.

Insider Buying and Selling at Coeur Mining

In other Coeur Mining news, Director Sebastian Edwards sold 20,000 shares of the business’s stock in a transaction dated Tuesday, May 7th. The stock was sold at an average price of $5.08, for a total transaction of $101,600.00. Following the sale, the director now owns 103,100 shares in the company, valued at approximately $523,748. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In other news, CAO Kenneth J. Watkinson sold 44,000 shares of the company’s stock in a transaction dated Friday, May 3rd. The stock was sold at an average price of $4.86, for a total value of $213,840.00. Following the sale, the chief accounting officer now owns 140,719 shares in the company, valued at $683,894.34. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Sebastian Edwards sold 20,000 shares of the company’s stock in a transaction dated Tuesday, May 7th. The stock was sold at an average price of $5.08, for a total value of $101,600.00. Following the completion of the sale, the director now owns 103,100 shares in the company, valued at approximately $523,748. The disclosure for this sale can be found here. Company insiders own 1.56% of the company’s stock.

Hedge Funds Weigh In On Coeur Mining

A number of large investors have recently bought and sold shares of the business. Atria Wealth Solutions Inc. acquired a new stake in shares of Coeur Mining in the fourth quarter valued at approximately $33,000. Ballentine Partners LLC acquired a new stake in shares of Coeur Mining in the first quarter valued at approximately $46,000. Forum Financial Management LP acquired a new stake in shares of Coeur Mining in the fourth quarter valued at approximately $40,000. StoneX Group Inc. acquired a new stake in shares of Coeur Mining in the first quarter valued at approximately $49,000. Finally, &PARTNERS acquired a new stake in shares of Coeur Mining in the first quarter valued at approximately $54,000. Institutional investors and hedge funds own 63.01% of the company’s stock.

About Coeur Mining

(Get Free Report)

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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