Coeur Mining (NYSE:CDE) Trading Up 6.7% (2024)

Coeur Mining, Inc. (NYSE:CDE – Get Free Report) shares rose 6.7% during trading on Thursday . The stock traded as high as $5.92 and last traded at $5.89. Approximately 1,364,170 shares traded hands during mid-day trading, a decline of 82% from the average daily volume of 7,462,762 shares. The stock had previously closed at $5.52.

Analyst Ratings Changes

CDE has been the subject of several research analyst reports. BMO Capital Markets upgraded shares of 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 Capital restated a “buy” rating on shares of Coeur Mining in a report on Tuesday, April 9th. National Bank Financial restated an “outperform spec market weight” rating on shares of Coeur Mining in a report on Monday, April 8th. Roth Mkm initiated coverage on shares of Coeur Mining in a report on Tuesday, April 9th. They issued a “buy” rating and a $5.40 price objective for the company. Finally, Raymond James lifted their target price on shares of Coeur Mining from $3.75 to $4.00 and gave the company a “market perform” rating in a 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 company. Based on data from MarketBeat.com, Coeur Mining currently has an average rating of “Moderate Buy” and an average price target of $4.36.

Check Out Our Latest Stock Analysis on Coeur Mining

Coeur Mining Stock Performance

The company has a market capitalization of $2.14 billion, a PE ratio of -17.29 and a beta of 1.76. The business’s fifty day moving average is $5.05 and its two-hundred day moving average is $3.70. 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 quarterly earnings data on Wednesday, May 1st. The basic materials company reported ($0.05) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.06) by $0.01. Coeur Mining had a negative net margin of 12.77% and a negative return on equity of 6.28%. The company had revenue of $213.10 million during the quarter, compared to analyst estimates of $203.43 million. During the same period in the previous year, the business earned ($0.11) EPS. The firm’s revenue for the quarter was up 13.8% on a year-over-year basis. Equities research analysts predict that Coeur Mining, Inc. will post 0.08 earnings per share for the current year.

Insiders Place Their Bets

In other Coeur Mining news, Director Sebastian Edwards sold 20,000 shares of Coeur Mining stock in a transaction that occurred on Tuesday, May 7th. The shares were 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 of the company’s stock, valued at approximately $523,748. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. In other Coeur Mining news, Director Sebastian Edwards sold 20,000 shares of Coeur Mining stock in a transaction that occurred on Tuesday, May 7th. The shares were 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 of the company’s stock, valued at approximately $523,748. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CAO Kenneth J. Watkinson sold 44,000 shares of Coeur Mining stock in a transaction that occurred on Friday, May 3rd. The stock was sold at an average price of $4.86, for a total transaction of $213,840.00. Following the completion of the sale, the chief accounting officer now directly owns 140,719 shares of the company’s stock, valued at approximately $683,894.34. The disclosure for this sale can be found here. 1.56% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Coeur Mining

Hedge funds have recently modified their holdings of the business. Vanguard Group Inc. grew its position in shares of Coeur Mining by 5.7% during the 3rd quarter. Vanguard Group Inc. now owns 31,864,964 shares of the basic materials company’s stock valued at $70,740,000 after acquiring an additional 1,716,929 shares during the period. Assenagon Asset Management S.A. grew its position in shares of Coeur Mining by 253.1% during the 1st quarter. Assenagon Asset Management S.A. now owns 872,659 shares of the basic materials company’s stock valued at $3,290,000 after acquiring an additional 625,490 shares during the period. Charles Schwab Investment Management Inc. grew its position in shares of Coeur Mining by 7.1% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 4,153,752 shares of the basic materials company’s stock valued at $9,221,000 after acquiring an additional 274,878 shares during the period. Dimensional Fund Advisors LP grew its position in shares of Coeur Mining by 0.5% during the 4th quarter. Dimensional Fund Advisors LP now owns 16,087,106 shares of the basic materials company’s stock valued at $52,445,000 after acquiring an additional 84,920 shares during the period. Finally, First Eagle Investment Management LLC grew its position in shares of Coeur Mining by 15.2% during the 4th quarter. First Eagle Investment Management LLC now owns 2,140,221 shares of the basic materials company’s stock valued at $6,977,000 after acquiring an additional 282,708 shares during the period. Institutional investors 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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