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

Coeur Mining, Inc. (NYSE:CDE) CFO Thomas S. Whelan purchased 10,000 shares of the company’s stock in a transaction that occurred on Wednesday, February 26th. The stock was bought 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 $3,509,362.50. This represents a 1.52 % increase in their position. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this link.

Coeur Mining Price Performance

NYSE CDE opened at $5.14 on Friday. The firm has a market capitalization of $2.05 billion, a P/E ratio of 42.84 and a beta of 1.59. The company has a current ratio of 0.83, a quick ratio of 0.39 and a debt-to-equity ratio of 0.50. Coeur Mining, Inc. has a 12-month low of $2.74 and a 12-month high of $7.72. The firm’s fifty day simple moving average is $6.22 and its two-hundred day simple moving average is $6.39.

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

Analyst Upgrades and Downgrades

CDE has been the subject of several recent research reports. Cormark upgraded Coeur Mining to a “moderate buy” rating in a research report on Thursday, February 20th. Cantor Fitzgerald upgraded Coeur Mining from a “hold” rating to a “strong-buy” rating in a research report on Thursday, November 7th. 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 note on Friday, February 21st. BMO Capital Markets began coverage on shares of Coeur Mining in a research note on Tuesday, February 18th. They issued an “outperform” rating and a $9.00 price objective for the company. Finally, Raymond James raised shares of Coeur Mining from a “market perform” rating to an “outperform” rating and decreased their price objective for the stock from $8.75 to $8.25 in a research note on Friday, February 21st. One investment analyst has rated the stock with a hold rating, five have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Buy” and a consensus price target of $8.31.

Institutional Investors Weigh In On Coeur Mining

A number of large investors have recently made changes to their positions in CDE. Two Sigma Advisers LP grew its holdings in shares of 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 valued at $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 Coeur Mining during the fourth quarter valued at $21,224,000. Vanguard Group Inc. lifted its position in Coeur Mining by 8.5% during 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 period. Marshall Wace LLP lifted its position in Coeur Mining by 12,934.3% during 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 period. Finally, Two Sigma Investments LP lifted its position in Coeur Mining by 57.8% during 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 period. 63.01% of the stock is owned by hedge funds and other institutional investors.

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.