Insider Buying: Coeur Mining, Inc. (NYSE:CDE) SVP Purchases 3,600 Shares of Stock

Coeur Mining, Inc. (NYSE:CDE – Get Rating) SVP Aoife Mcgrath purchased 3,600 shares of the business’s stock in a transaction on Thursday, May 25th. The shares were bought at an average price of $3.00 per share, with a total value of $10,800.00. Following the purchase, the senior vice president now directly owns 123,017 shares in the company, valued at approximately $369,051. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

Coeur Mining Stock Performance

Shares of NYSE:CDE traded up $0.01 during mid-day trading on Friday, reaching $2.99. The company had a trading volume of 6,854,946 shares, compared to its average volume of 5,314,348. The company has a current ratio of 1.27, a quick ratio of 0.59 and a debt-to-equity ratio of 0.49. The firm has a market cap of $995.79 million, a price-to-earnings ratio of -7.45 and a beta of 1.57. The company’s 50-day moving average price is $3.61 and its 200-day moving average price is $3.52. Coeur Mining, Inc. has a one year low of $2.54 and a one year high of $4.55.

Coeur Mining (NYSE:CDE – Get Rating) last issued its earnings results on Wednesday, February 22nd. The basic materials company reported ($0.06) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.07) by $0.01. Coeur Mining had a negative net margin of 14.08% and a negative return on equity of 12.34%. The business had revenue of $210.12 million for the quarter, compared to analysts’ expectations of $204.82 million. During the same quarter in the previous year, the firm posted ($0.05) EPS. The business’s revenue for the quarter was up 1.1% compared to the same quarter last year. As a group, equities research analysts anticipate that Coeur Mining, Inc. will post -0.14 EPS for the current fiscal year.

Institutional Investors Weigh In On Coeur Mining

A number of hedge funds and other institutional investors have recently bought and sold shares of CDE. Nisa Investment Advisors LLC boosted its position in Coeur Mining by 334.6% during the third quarter. Nisa Investment Advisors LLC now owns 9,257 shares of the basic materials company’s stock valued at $35,000 after buying an additional 7,127 shares during the period. Verition Fund Management LLC bought a new position in Coeur Mining in the third quarter worth about $36,000. Synovus Financial Corp bought a new position in Coeur Mining in the first quarter worth about $43,000. Point72 Middle East FZE bought a new position in Coeur Mining in the fourth quarter worth about $36,000. Finally, Greenleaf Trust bought a new position in Coeur Mining in the third quarter worth about $38,000. Institutional investors own 64.76% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on CDE shares. StockNews.com started coverage on Coeur Mining in a research note on Thursday, May 18th. They set a “sell” rating for the company. Raymond James cut their price target on Coeur Mining from $4.25 to $4.00 and set a “market perform” rating for the company in a research note on Tuesday, May 16th. One investment analyst has rated the stock with a sell rating and five have given a hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $3.60.

Coeur Mining Company Profile

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Coeur Mining, Inc engages in the exploration and development of silver and gold mining properties and mines located in United States, Canada and Mexico. It operates through the following segments: Palmarejo. Rochester, Kensington, and Wharf. The Palmarejo segment includes a gold-silver complex. The Rochester segment operates an open pit heap leach silver-gold mine located in northwestern Nevada.