Coeur Mining (NYSE:CDE) Sets New 1-Year High – Here’s Why

Coeur Mining, Inc. (NYSE:CDE) hit a new 52-week high on Wednesday . The company traded as high as $23.63 and last traded at $22.9340, with a volume of 26638849 shares. The stock had previously closed at $22.87.

Analyst Ratings Changes

CDE has been the topic of a number of research reports. Cantor Fitzgerald lowered Coeur Mining from an “overweight” rating to a “hold” rating and set a $16.00 price target on the stock. in a report on Thursday, October 30th. TD Cowen upgraded Coeur Mining to a “strong-buy” rating in a research note on Monday, December 1st. Raymond James Financial set a $21.00 price target on Coeur Mining in a research report on Thursday, October 30th. TD Securities raised their target price on shares of Coeur Mining from $23.00 to $25.00 and gave the company a “buy” rating in a research report on Tuesday, November 11th. Finally, Zacks Research upgraded shares of Coeur Mining from a “hold” rating to a “strong-buy” rating in a research note on Monday, December 29th. Three equities research analysts have rated the stock with a Strong Buy rating, five have given a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Buy” and an average target price of $18.17.

Coeur Mining Price Performance

The company has a 50 day moving average price of $17.61 and a 200 day moving average price of $15.51. The company has a current ratio of 2.00, a quick ratio of 1.10 and a debt-to-equity ratio of 0.11. The company has a market capitalization of $14.70 billion, a P/E ratio of 34.70 and a beta of 1.24.

Coeur Mining (NYSE:CDE) last released its quarterly earnings data on Wednesday, October 29th. The basic materials company reported $0.23 EPS for the quarter, missing analysts’ consensus estimates of $0.25 by ($0.02). The company had revenue of $554.57 million for the quarter, compared to the consensus estimate of $511.20 million. Coeur Mining had a return on equity of 15.52% and a net margin of 24.03%.The company’s revenue for the quarter was up 76.9% compared to the same quarter last year. During the same period last year, the firm earned $0.12 earnings per share. On average, equities analysts predict that Coeur Mining, Inc. will post 0.58 EPS for the current fiscal year.

Institutional Investors Weigh In On Coeur Mining

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Sound Income Strategies LLC increased its position in Coeur Mining by 99.2% during the fourth quarter. Sound Income Strategies LLC now owns 2,000 shares of the basic materials company’s stock worth $36,000 after acquiring an additional 996 shares during the period. Savant Capital LLC grew its position in shares of Coeur Mining by 2.3% during the 3rd quarter. Savant Capital LLC now owns 46,551 shares of the basic materials company’s stock worth $873,000 after purchasing an additional 1,066 shares in the last quarter. Ameritas Investment Partners Inc. raised its position in shares of Coeur Mining by 1.8% in 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 in the last quarter. Zacks Investment Management boosted its stake in shares of Coeur Mining by 0.8% in the third quarter. Zacks Investment Management now owns 165,988 shares of the basic materials company’s stock valued at $3,114,000 after buying an additional 1,246 shares during the period. Finally, Vise Technologies Inc. boosted its stake in shares of Coeur Mining by 8.3% in the third quarter. Vise Technologies Inc. now owns 16,300 shares of the basic materials company’s stock valued at $306,000 after buying an additional 1,255 shares during the period. Institutional investors and hedge funds own 63.01% of the company’s stock.

Coeur Mining Company Profile

Coeur Mining, Inc is a publicly traded precious metals mining company headquartered in Chicago, Illinois. The company specializes in the exploration, development and production of silver and gold deposits, with a focus on high-grade underground and open-pit operations. Through a combination of operating mines and advanced exploration projects, Coeur Mining seeks to deliver consistent production of silver and gold bullion while maintaining industry standards for safety, environmental stewardship and cost management.

Coeur Mining’s portfolio includes five principal operating mines and several exploration projects across North America and Australia.