Coeur Mining (NYSE:CDE) Hits New 52-Week High at $7.11

Coeur Mining, Inc. (NYSE:CDE)’s share price hit a new 52-week high on Friday . The company traded as high as $7.11 and last traded at $7.09, with a volume of 280271 shares. The stock had previously closed at $6.85.

Analysts Set New Price Targets

A number of research analysts recently weighed in on CDE shares. BMO Capital Markets lifted their target price on Coeur Mining from $6.75 to $7.50 and gave the company an “outperform” rating in a report on Friday, July 12th. Raymond James boosted their target price on Coeur Mining from $5.75 to $6.25 and gave the stock a “market perform” rating in a report on Friday, August 9th. Cantor Fitzgerald downgraded shares of Coeur Mining from an “overweight” rating to a “neutral” rating in a research report on Thursday, August 8th. Finally, Roth Mkm reaffirmed a “buy” rating and set a $8.00 price target (up from $7.25) on shares of Coeur Mining in a research report on Friday, August 9th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat, Coeur Mining has an average rating of “Moderate Buy” and an average target price of $6.44.

Coeur Mining Stock Up 6.3 %

The firm has a 50-day moving average of $6.08 and a two-hundred day moving average of $5.19. The stock has a market capitalization of $2.91 billion, a price-to-earnings ratio of -23.48 and a beta of 1.64. The company has a quick ratio of 0.45, a current ratio of 1.20 and a debt-to-equity ratio of 0.59.

Coeur Mining (NYSE:CDE) last posted its earnings results on Wednesday, August 7th. The basic materials company reported ($0.01) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.02) by $0.01. Coeur Mining had a negative net margin of 8.33% and a negative return on equity of 4.59%. The firm had revenue of $222.03 million during the quarter, compared to analysts’ expectations of $242.18 million. During the same period in the previous year, the company earned ($0.06) earnings per share. The company’s revenue was up 25.3% compared to the same quarter last year. As a group, sell-side analysts anticipate that Coeur Mining, Inc. will post 0.08 earnings per share for the current year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the company. Victory Capital Management Inc. grew its position in Coeur Mining by 33.7% in the fourth quarter. Victory Capital Management Inc. now owns 50,847 shares of the basic materials company’s stock valued at $166,000 after acquiring an additional 12,813 shares during the period. Charles Schwab Investment Management Inc. increased its position in shares of Coeur Mining by 9.8% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 4,561,874 shares of the basic materials company’s stock worth $14,871,000 after purchasing an additional 408,122 shares in the last quarter. BNP Paribas Financial Markets boosted its position in Coeur Mining by 24.2% in the fourth quarter. BNP Paribas Financial Markets now owns 130,076 shares of the basic materials company’s stock valued at $424,000 after buying an additional 25,303 shares in the last quarter. Dimensional Fund Advisors LP boosted its position in Coeur Mining by 0.5% in the fourth quarter. Dimensional Fund Advisors LP now owns 16,087,106 shares of the basic materials company’s stock valued at $52,445,000 after buying an additional 84,920 shares in the last quarter. Finally, Evoke Wealth LLC bought a new stake in Coeur Mining during the fourth quarter worth about $64,000. 63.01% of the stock is owned by 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.