Coeur Mining (NYSE:CDE) Hits New 52-Week Low – Should You Sell?

Coeur Mining, Inc. (NYSE:CDE)’s stock price reached a new 52-week low during trading on Friday. The stock traded as low as $13.01 and last traded at $13.1510, with a volume of 1,979,383 shares traded. The stock had previously closed at $14.04.

Analyst Upgrades and Downgrades

CDE has been the subject of several recent analyst reports. Scotiabank decreased their price objective on shares of Coeur Mining from $28.50 to $26.50 and set an “outperform” rating for the company in a research report on Friday, August 7th. Roth Capital set a $19.00 price target on Coeur Mining in a research note on Friday, August 7th. Zacks Research upgraded shares of Coeur Mining from a “strong sell” rating to a “hold” rating in a report on Monday, August 17th. Finally, Weiss Ratings lowered shares of Coeur Mining from a “buy (b-)” rating to a “hold (c+)” rating in a report on Tuesday. One research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $26.06.

Coeur Mining Trading Down 6.6%

The firm has a market cap of $13.48 billion, a price-to-earnings ratio of 11.24 and a beta of 1.37. The firm’s 50-day moving average is $18.30 and its 200-day moving average is $18.99. The company has a current ratio of 3.65, a quick ratio of 2.44 and a debt-to-equity ratio of 0.07.

Coeur Mining (NYSE:CDE) last released its quarterly earnings data on Wednesday, August 5th. The basic materials company reported $0.12 earnings per share for the quarter, missing analysts’ consensus estimates of $0.26 by ($0.14). The business had revenue of $1.09 billion during the quarter, compared to the consensus estimate of $1.24 billion. Coeur Mining had a net margin of 26.82% and a return on equity of 11.03%. The firm’s quarterly revenue was up 125.8% on a year-over-year basis. During the same period last year, the business posted $0.20 earnings per share. As a group, sell-side analysts anticipate that Coeur Mining, Inc. will post 0.86 EPS for the current fiscal year.

Insider Buying and Selling

In other Coeur Mining news, Director J. Kenneth Thompson sold 25,000 shares of the business’s stock in a transaction on Wednesday, August 19th. The shares were sold at an average price of $20.77, for a total transaction of $519,250.00. Following the sale, the director owned 257,333 shares of the company’s stock, valued at $5,344,806.41. The trade was a 8.85% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP Casey M. Nault sold 10,000 shares of the company’s stock in a transaction that occurred on Tuesday, September 8th. The stock was sold at an average price of $21.06, for a total transaction of $210,600.00. Following the sale, the executive vice president directly owned 530,086 shares in the company, valued at $11,163,611.16. This trade represents a 1.85% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last 90 days, insiders sold 51,000 shares of company stock worth $1,055,070. Insiders own 0.90% of the company’s stock.

Institutional Investors Weigh In On Coeur Mining

Large investors have recently added to or reduced their stakes in the company. Ancora Advisors LLC bought a new position in shares of Coeur Mining during the 2nd quarter valued at $26,000. Versant Capital Management Inc increased its stake in shares of Coeur Mining by 105.0% in the 2nd quarter. Versant Capital Management Inc now owns 1,601 shares of the basic materials company’s stock worth $26,000 after acquiring an additional 820 shares in the last quarter. Bullseye Investment Management LLC bought a new stake in Coeur Mining during the 2nd quarter valued at about $33,000. Root Financial Partners LLC bought a new position in Coeur Mining in the 3rd quarter valued at approximately $45,000. Finally, V Square Quantitative Management LLC purchased a new position in shares of Coeur Mining in the third quarter worth $54,000. Hedge funds and other institutional investors own 63.01% of the company’s stock.

Coeur Mining Company Profile

Coeur Mining, Inc is a precious metals mining company headquartered in Chicago, Illinois. The company explores for, develops, and operates mines that produce gold and silver, with its activities focused primarily in North America.

Coeur’s operating portfolio includes the Rochester gold and silver mine in Nevada, the Wharf gold mine in South Dakota, the Kensington gold mine in Alaska, and the Las Chispas silver and gold operation in Sonora, Mexico. The company also maintains exploration and development interests in additional mineral properties.

Founded in 1928, Coeur Mining has grown through the development and acquisition of precious metals assets.