Insider Buying: Coeur Mining, Inc. (NYSE:CDE) CFO Acquires 10,000 Shares of Stock

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

Coeur Mining Stock Up 2.4 %

CDE traded up $0.12 on Friday, hitting $5.14. 29,101,519 shares of the company were exchanged, compared to its average volume of 9,779,263. The stock’s fifty day moving average is $6.24 and its 200-day moving average is $6.39. The company has a market cap of $2.05 billion, a PE ratio of 42.84 and a beta of 1.59. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.39 and a current ratio of 0.83. Coeur Mining, Inc. has a 12 month low of $2.54 and a 12 month high of $7.72.

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

Analyst Ratings Changes

A number of analysts have recently commented on CDE shares. Cormark upgraded Coeur Mining to a “moderate buy” rating in a report on Thursday, February 20th. Roth Mkm cut their price target on Coeur Mining from $8.50 to $8.25 and set a “buy” rating on the stock in a report on Friday, February 21st. StockNews.com upgraded Coeur Mining from a “sell” rating to a “hold” rating in a report on Friday, November 8th. Raymond James upgraded Coeur Mining from a “market perform” rating to an “outperform” rating and dropped their target price for the stock from $8.75 to $8.25 in a report on Friday, February 21st. Finally, BMO Capital Markets assumed coverage on Coeur Mining in a report on Tuesday, February 18th. They set an “outperform” rating and a $9.00 target price on the stock. One investment analyst has rated the stock with a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average target price of $8.31.

Hedge Funds Weigh In On Coeur Mining

A number of institutional investors have recently bought and sold shares of CDE. Two Sigma Advisers LP increased its position in Coeur Mining by 404.6% during the fourth quarter. Two Sigma Advisers LP now owns 5,089,100 shares of the basic materials company’s stock worth $29,110,000 after buying an additional 4,080,600 shares during the last quarter. Jacobs Levy Equity Management Inc. acquired a new position in shares of Coeur Mining in the fourth quarter valued at approximately $21,224,000. Vanguard Group Inc. grew its position in shares of Coeur Mining by 8.5% in the fourth quarter. Vanguard Group Inc. now owns 40,700,218 shares of the basic materials company’s stock valued at $232,805,000 after purchasing an additional 3,178,785 shares during the last quarter. Marshall Wace LLP grew its position in shares of Coeur Mining by 12,934.3% in the fourth quarter. Marshall Wace LLP now owns 2,971,679 shares of the basic materials company’s stock valued at $16,998,000 after purchasing an additional 2,948,880 shares during the last quarter. Finally, Two Sigma Investments LP grew its position in shares of Coeur Mining by 57.8% in the fourth quarter. Two Sigma Investments LP now owns 7,210,595 shares of the basic materials company’s stock valued at $41,245,000 after purchasing an additional 2,641,310 shares during the last quarter. Institutional investors and hedge funds own 63.01% of the company’s stock.

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.