Coeur Mining (NYSE:CDE) Sets New 12-Month High – Still a Buy?

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

Analyst Ratings Changes

A number of research analysts recently issued reports on CDE shares. Cormark cut shares of Coeur Mining from a “moderate buy” rating to a “hold” rating in a research note on Wednesday, October 29th. Weiss Ratings restated a “buy (b-)” rating on shares of Coeur Mining in a research report on Monday, December 29th. Zacks Research upgraded Coeur Mining from a “hold” rating to a “strong-buy” rating in a research report on Monday, December 29th. Wall Street Zen raised Coeur Mining from a “hold” rating to a “buy” rating in a research note on Sunday, December 21st. Finally, Roth Mkm lifted their price target on shares of Coeur Mining from $20.00 to $23.00 and gave the company a “buy” rating in a report on Monday, December 15th. Three investment analysts have rated the stock with a Strong Buy rating, five have assigned a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat, Coeur Mining currently has a consensus rating of “Buy” and an average target price of $18.17.

Coeur Mining Stock Performance

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

Coeur Mining (NYSE:CDE) last posted 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). Coeur Mining had a return on equity of 15.52% and a net margin of 24.03%.The company had revenue of $554.57 million during the quarter, compared to analyst estimates of $511.20 million. During the same period in the prior year, the firm earned $0.12 earnings per share. Coeur Mining’s revenue was up 76.9% compared to the same quarter last year. On average, equities analysts anticipate that Coeur Mining, Inc. will post 0.58 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. EverSource Wealth Advisors LLC increased its holdings in Coeur Mining by 74.2% in the second quarter. EverSource Wealth Advisors LLC now owns 3,368 shares of the basic materials company’s stock worth $30,000 after purchasing an additional 1,435 shares in the last quarter. Covestor Ltd grew its position in shares of Coeur Mining by 7,011.5% during the 3rd quarter. Covestor Ltd now owns 1,849 shares of the basic materials company’s stock worth $35,000 after buying an additional 1,823 shares during the period. JPL Wealth Management LLC bought a new stake in shares of Coeur Mining in the 3rd quarter valued at $35,000. Lodestone Wealth Management LLC acquired a new position in shares of Coeur Mining during the 4th quarter valued at $36,000. Finally, Sound Income Strategies LLC boosted its stake 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 in the last quarter. 63.01% of the stock is owned by institutional investors and hedge funds.

About Coeur Mining

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.