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

Coeur Mining, Inc. (NYSE:CDE - Get Free Report) CFO Thomas S. Whelan purchased 10,000 shares of the stock in a transaction that occurred on 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 purchase, the chief financial officer now owns 668,450 shares in the company, valued at $3,509,362.50. This represents a 1.52 % increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Coeur Mining Price Performance

Shares of NYSE:CDE traded up $0.08 during midday trading on Tuesday, reaching $5.22. 16,306,210 shares of the company's stock were exchanged, compared to its average volume of 9,859,022. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.39 and a current ratio of 0.83. The company's 50 day simple moving average is $6.21 and its two-hundred day simple moving average is $6.39. Coeur Mining, Inc. has a 12 month low of $2.74 and a 12 month high of $7.72. The firm has a market capitalization of $3.33 billion, a PE ratio of 43.38 and a beta of 1.59.

Coeur Mining (NYSE:CDE - Get Free Report) last issued its earnings results on Wednesday, February 19th. The basic materials company reported $0.11 earnings per share (EPS) for the quarter, hitting analysts' consensus estimates of $0.11. The business had revenue of $305.40 million during 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%. Equities research analysts expect that Coeur Mining, Inc. will post 0.58 earnings per share for the current fiscal year.

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Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of the stock. Creative Planning increased its position in shares of Coeur Mining by 27.7% during the 3rd quarter. Creative Planning now owns 41,046 shares of the basic materials company's stock worth $282,000 after purchasing an additional 8,914 shares in the last quarter. International Assets Investment Management LLC acquired a new stake in shares of Coeur Mining during the third quarter worth approximately $142,000. Assenagon Asset Management S.A. raised its stake in shares of Coeur Mining by 37.5% in the third quarter. Assenagon Asset Management S.A. now owns 437,322 shares of the basic materials company's stock valued at $3,009,000 after acquiring an additional 119,345 shares during the last quarter. Ballentine Partners LLC grew its position in Coeur Mining by 31.8% during the 3rd quarter. Ballentine Partners LLC now owns 19,021 shares of the basic materials company's stock worth $131,000 after acquiring an additional 4,586 shares during the last quarter. Finally, Van ECK Associates Corp raised its position in Coeur Mining by 1.1% in the 3rd quarter. Van ECK Associates Corp now owns 34,469,783 shares of the basic materials company's stock valued at $251,629,000 after purchasing an additional 365,115 shares during the last quarter. 63.01% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

CDE has been the subject of several recent research reports. Cormark raised shares of Coeur Mining to a "moderate buy" rating in a research report on Thursday, February 20th. BMO Capital Markets started 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. Cantor Fitzgerald raised Coeur Mining from a "hold" rating to a "strong-buy" rating in a research report on Thursday, November 7th. StockNews.com raised Coeur Mining from a "sell" rating to a "hold" rating in a report on Friday, November 8th. Finally, Roth Mkm decreased their target price on Coeur Mining from $8.50 to $8.25 and set a "buy" rating for the company in a research report on Friday, February 21st. One analyst has rated the stock with a hold rating, five have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, Coeur Mining presently has an average rating of "Buy" and an average target price of $8.31.

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.