Coeur Mining, Inc. (NYSE:CDE) CFO Thomas S. Whelan Buys 10,000 Shares

Coeur Mining, Inc. (NYSE:CDE) CFO Thomas S. Whelan acquired 10,000 shares of the company’s stock in a transaction dated Wednesday, February 26th. The stock was purchased at an average cost of $5.25 per share, with a total value of $52,500.00. Following the completion of the purchase, the chief financial officer now directly owns 668,450 shares of the company’s stock, valued at approximately $3,509,362.50. This represents a 1.52 % increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Coeur Mining Stock Performance

Shares of CDE stock opened at $5.14 on Friday. The stock has a market capitalization of $2.05 billion, a PE ratio of 42.84 and a beta of 1.59. Coeur Mining, Inc. has a 52-week low of $2.54 and a 52-week high of $7.72. The stock’s 50-day moving average price is $6.22 and its 200 day moving average price is $6.39. The company has a quick ratio of 0.39, a current ratio of 0.83 and a debt-to-equity ratio of 0.50.

Coeur Mining (NYSE:CDE) last issued its quarterly earnings results 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. The firm had revenue of $305.40 million for the quarter, compared to analysts’ expectations of $314.32 million. Coeur Mining had a return on equity of 6.59% and a net margin of 5.59%. As a group, equities research analysts forecast that Coeur Mining, Inc. will post 0.58 EPS for the current year.

Hedge Funds Weigh In On Coeur Mining

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Forum Financial Management LP increased its position in Coeur Mining by 58.2% during the 4th quarter. Forum Financial Management LP now owns 18,699 shares of the basic materials company’s stock worth $107,000 after purchasing an additional 6,879 shares during the period. Public Employees Retirement System of Ohio increased its position in Coeur Mining by 3,685.4% during the 4th quarter. Public Employees Retirement System of Ohio now owns 181,131 shares of the basic materials company’s stock worth $1,036,000 after purchasing an additional 176,346 shares during the period. Vise Technologies Inc. acquired a new position in Coeur Mining during the 4th quarter worth approximately $66,000. PharVision Advisers LLC acquired a new position in Coeur Mining during the 4th quarter worth approximately $161,000. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position in Coeur Mining by 28.0% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,092,106 shares of the basic materials company’s stock worth $6,247,000 after purchasing an additional 238,688 shares during the period. Institutional investors and hedge funds own 63.01% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on the company. Raymond James raised Coeur Mining from a “market perform” rating to an “outperform” rating and lowered their target price for the stock from $8.75 to $8.25 in a research note on Friday, February 21st. Cantor Fitzgerald raised Coeur Mining from a “hold” rating to a “strong-buy” rating in a report on Thursday, November 7th. Cormark raised Coeur Mining to a “moderate buy” rating in a report on Thursday, February 20th. BMO Capital Markets assumed coverage on Coeur Mining in a report on Tuesday, February 18th. They set an “outperform” rating and a $9.00 price target for the company. Finally, Roth Mkm decreased their price target on Coeur Mining from $8.50 to $8.25 and set a “buy” rating for the company in a report on Friday, February 21st. One research analyst has rated the stock with a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Buy” and a consensus price target of $8.31.

About Coeur Mining

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.