Coeur Mining (NYSE:CDE) Coverage Initiated by Analysts at TD Securities

TD Securities initiated coverage on shares of Coeur Mining (NYSE:CDE) in a report published on Tuesday, MarketBeat reports. The brokerage issued a buy rating and a $7.00 price target on the basic materials company’s stock.

Other equities research analysts also recently issued research reports about the stock. Cormark raised shares of Coeur Mining to a “moderate buy” rating in a research report on Thursday, February 20th. Raymond James raised shares of Coeur Mining from a “market perform” rating to an “outperform” rating and cut their target price for the stock from $8.75 to $8.25 in a research report on Friday, February 21st. Roth Mkm cut their target price on shares of Coeur Mining from $8.50 to $8.25 and set a “buy” rating for the company in a research report on Friday, February 21st. Finally, BMO Capital Markets assumed coverage on shares of Coeur Mining in a research report on Tuesday, February 18th. They issued an “outperform” rating and a $9.00 target price for the company. One equities research analyst has rated the stock with a hold rating, six have given a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Buy” and a consensus target price of $8.05.

Coeur Mining Price Performance

Shares of CDE opened at $5.95 on Tuesday. The company has a market capitalization of $3.80 billion, a P/E ratio of 49.55 and a beta of 1.51. The company has a quick ratio of 0.39, a current ratio of 0.83 and a debt-to-equity ratio of 0.50. The firm has a 50 day moving average of $6.16 and a 200 day moving average of $6.35. Coeur Mining has a twelve month low of $2.98 and a twelve month high of $7.72.

Coeur Mining (NYSE:CDE) last posted its earnings results on Wednesday, February 19th. The basic materials company reported $0.11 EPS for the quarter, hitting analysts’ consensus estimates of $0.11. Coeur Mining had a net margin of 5.59% and a return on equity of 6.59%. The business had revenue of $305.40 million during the quarter, compared to the consensus estimate of $314.32 million. As a group, equities research analysts anticipate that Coeur Mining will post 0.58 earnings per share for the current fiscal year.

Insider Transactions at Coeur Mining

In other Coeur Mining news, CFO Thomas S. Whelan purchased 10,000 shares of the company’s stock in a transaction dated Wednesday, February 26th. The shares were acquired at an average price of $5.25 per share, for a total transaction of $52,500.00. Following the purchase, the chief financial officer now directly owns 668,450 shares of the company’s stock, valued at $3,509,362.50. The trade was a 1.52 % increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 1.56% of the company’s stock.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the company. Merit Financial Group LLC lifted its stake in shares of Coeur Mining by 5.4% during the 4th quarter. Merit Financial Group LLC now owns 31,574 shares of the basic materials company’s stock valued at $181,000 after buying an additional 1,607 shares in the last quarter. State of New Jersey Common Pension Fund D lifted its stake in shares of Coeur Mining by 0.7% during the 4th quarter. State of New Jersey Common Pension Fund D now owns 315,190 shares of the basic materials company’s stock valued at $1,803,000 after buying an additional 2,323 shares in the last quarter. Summit Investment Advisors Inc. lifted its stake in shares of Coeur Mining by 6.8% during the 4th quarter. Summit Investment Advisors Inc. now owns 41,333 shares of the basic materials company’s stock valued at $236,000 after buying an additional 2,624 shares in the last quarter. Xponance Inc. lifted its stake in shares of Coeur Mining by 10.9% during the 4th quarter. Xponance Inc. now owns 28,712 shares of the basic materials company’s stock valued at $164,000 after buying an additional 2,811 shares in the last quarter. Finally, GAMMA Investing LLC lifted its stake in shares of Coeur Mining by 139.8% during the 4th quarter. GAMMA Investing LLC now owns 5,761 shares of the basic materials company’s stock valued at $33,000 after buying an additional 3,359 shares in the last quarter. Hedge funds and other institutional investors own 63.01% of the company’s stock.

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.