Insider Buying at Coeur Mining: CFO Acquires 10,000 Shares

Coeur Mining, Inc. (NYSE:CDE) announced that its Chief Financial Officer (CFO), Thomas S. Whelan, purchased 10,000 shares of the company's stock on February 26th. The shares were bought at an average price of $5.25 each, resulting in a total investment of $52,500. After this transaction, Whelan now owns a total of 668,450 shares in Coeur Mining, which are valued at about $3,509,362.50. This purchase represented a 1.52% increase in his ownership stake within the company. The details of this transaction have been formally disclosed in a filing with the Securities and Exchange Commission (SEC).

Coeur Mining’s Stock Performance

On Friday, shares of Coeur Mining rose by 2.4%, advancing by $0.12 to reach $5.14 per share. During the trading session, 29,101,519 shares changed hands, significantly higher than the company's average volume of 9,779,263 shares. Coeur Mining has a quick ratio of 0.39, a current ratio of 0.83, and a debt-to-equity ratio of 0.50. Over the past year, the stock has experienced a low of $2.54 and a high of $7.72. Currently, the company has a market capitalization of $2.05 billion, with a price-to-earnings ratio of 42.84 and a beta of 1.59.

Recent Earnings Report

Coeur Mining reported its quarterly earnings on February 19th, where it achieved an earnings per share (EPS) of $0.11, matching analysts' expectations. The company noted a return on equity of 6.59% and a net margin of 5.59%. Revenue for the quarter stood at $305.40 million, slightly below the anticipated $314.32 million. Analysts forecast that Coeur Mining will post an EPS of 0.58 for the current fiscal year.

Analyst Ratings and Opinions

Several analysts have offered their insights on Coeur Mining’s stock. Cantor Fitzgerald upgraded the company's rating from "hold" to "strong buy" on November 7th. Additionally, Raymond James updated their rating from "market perform" to "outperform," although they lowered their price target from $8.75 to $8.25 on February 21st. Roth MKM also adjusted their target for the stock from $8.50 to $8.25 while maintaining a "buy" rating. BMO Capital Markets recently stated an "outperform" rating with a target price of $9.00. Currently, one research analyst rates the stock as "hold," five have rated it as "buy," and one has given it a "strong buy" rating, leading to an average "buy" rating with a consensus target price of $8.31.

Institutional Investors Involvement

Various institutional investors have modified their holdings in Coeur Mining recently. Vanguard Group Inc. increased its position by 8.5%, owning 40,700,218 shares post-acquisition, worth approximately $232.8 million. Van ECK Associates Corp. also raised its stake by 1.1%, holding 34,469,783 shares worth around $251.6 million. Dimensional Fund Advisors LP grew its position by 1.7%, bringing their total to 17,157,325 shares worth about $98.1 million. Notably, institutional investors hold 63.01% of Coeur Mining's stock.

About Coeur Mining, Inc.

Coeur Mining, Inc. is engaged in the exploration of precious metals across the United States, Canada, and Mexico, focusing on gold, silver, zinc, and lead. The company sells its mineral concentrates to third-party customers, including smelters, under various off-take agreements. Coeur Mining was previously known as Coeur d'Alene Mines Corporation and adopted its current name in May 2013.

Insider, Buying, Stock