Thomas S. Whelan Purchases 10,000 Shares of Coeur Mining, Inc. (NYSE:CDE) Stock

Coeur Mining, Inc. (NYSE:CDE) CFO Thomas S. Whelan acquired 10,000 shares of the firm’s stock in a transaction on Wednesday, February 26th. The stock was purchased at an average price of $5.25 per share, with a total value of $52,500.00. Following the transaction, the chief financial officer now owns 668,450 shares of the company’s stock, valued at approximately $3,509,362.50. This trade represents a 1.52 % increase in their position. The acquisition was disclosed in a filing with the SEC, which is available at this hyperlink.

Coeur Mining Stock Up 2.4 %

CDE opened at $5.14 on Friday. Coeur Mining, Inc. has a twelve month low of $2.74 and a twelve month high of $7.72. The company has a quick ratio of 0.39, a current ratio of 0.83 and a debt-to-equity ratio of 0.50. The company has a 50-day moving average price of $6.22 and a 200 day moving average price of $6.39. The company has a market cap of $2.05 billion, a PE ratio of 42.84 and a beta of 1.59.

Coeur Mining (NYSE:CDE) last announced its quarterly earnings data on Wednesday, February 19th. The basic materials company reported $0.11 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.11. Coeur Mining had a net margin of 5.59% and a return on equity of 6.59%. The company had revenue of $305.40 million during the quarter, compared to analysts’ expectations of $314.32 million. Sell-side analysts expect that Coeur Mining, Inc. will post 0.58 earnings per share for the current fiscal year.

Institutional Trading of Coeur Mining

Large investors have recently bought and sold shares of the business. Jennison Associates LLC purchased a new stake in Coeur Mining during the 3rd quarter valued at about $579,000. JPMorgan Chase & Co. grew its stake in Coeur Mining by 88.3% during the 3rd quarter. JPMorgan Chase & Co. now owns 1,418,716 shares of the basic materials company’s stock valued at $9,761,000 after acquiring an additional 665,452 shares in the last quarter. XTX Topco Ltd purchased a new stake in Coeur Mining during the 3rd quarter valued at about $1,311,000. Van ECK Associates Corp grew its stake in Coeur Mining by 1.1% during the 3rd quarter. Van ECK Associates Corp now owns 34,469,783 shares of the basic materials company’s stock valued at $251,629,000 after acquiring an additional 365,115 shares in the last quarter. Finally, BNP Paribas Financial Markets grew its stake in Coeur Mining by 180.7% during the 3rd quarter. BNP Paribas Financial Markets now owns 310,577 shares of the basic materials company’s stock valued at $2,137,000 after acquiring an additional 199,919 shares in the last quarter. Hedge funds and other institutional investors own 63.01% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have weighed in on CDE. Cormark upgraded shares of Coeur Mining to a “moderate buy” rating in a research report on Thursday, February 20th. Roth Mkm decreased their price objective on shares of Coeur Mining from $8.50 to $8.25 and set a “buy” rating for the company in a research report on Friday, February 21st. Cantor Fitzgerald upgraded shares of Coeur Mining from a “hold” rating to a “strong-buy” rating in a research report on Thursday, November 7th. StockNews.com upgraded shares of Coeur Mining from a “sell” rating to a “hold” rating in a research report on Friday, November 8th. Finally, BMO Capital Markets assumed coverage on shares of Coeur Mining in a research report on Tuesday, February 18th. They set an “outperform” rating and a $9.00 price target for the company. One analyst has rated the stock with a hold rating, five have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Buy” and an average price target of $8.31.

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.