Coeur Mining, Inc. (NYSE:CDE) Stock Rated “Moderate Buy” by Sell-Side Brokerages

Coeur Mining, Inc. (NYSE:CDE) has earned a consensus rating of “Moderate Buy” from the fourteen ratings firms that are covering the stock, MarketBeat.com reports. Four research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the company. The average 12-month target price among brokers that have issued ratings on the stock in the last year is $25.50.

A number of research firms have weighed in on CDE. Roth Capital set a $19.00 price target on Coeur Mining in a research note on Friday, August 7th. Weiss Ratings restated a “hold (c+)” rating on shares of Coeur Mining in a research note on Monday. Scotiabank dropped their target price on Coeur Mining from $28.50 to $26.50 and set an “outperform” rating for the company in a report on Friday, August 7th. Finally, Zacks Research upgraded Coeur Mining from a “strong sell” rating to a “hold” rating in a research report on Monday, August 17th.

Coeur Mining Stock Up 1.6%

CDE stock opened at $19.24 on Monday. The business has a 50-day moving average of $18.80 and a 200-day moving average of $18.37. Coeur Mining has a fifty-two week low of $13.55 and a fifty-two week high of $27.77. The stock has a market capitalization of $19.78 billion, a P/E ratio of 16.45 and a beta of 1.39. The company has a debt-to-equity ratio of 0.07, a current ratio of 3.65 and a quick ratio of 2.44.

Coeur Mining (NYSE:CDE) last issued its quarterly earnings results on Wednesday, August 5th. The basic materials company reported $0.12 earnings per share for the quarter, missing the consensus estimate of $0.26 by ($0.14). Coeur Mining had a return on equity of 11.03% and a net margin of 26.82%.The business had revenue of $1.09 billion for the quarter, compared to the consensus estimate of $1.24 billion. During the same period in the prior year, the business earned $0.20 earnings per share. Coeur Mining’s revenue was up 125.8% compared to the same quarter last year. On average, sell-side analysts anticipate that Coeur Mining will post 0.9 earnings per share for the current fiscal year.

Insider Activity

In other Coeur Mining news, Director J. Kenneth Thompson sold 25,000 shares of the business’s stock in a transaction that occurred on Wednesday, August 19th. The shares were sold at an average price of $20.77, for a total transaction of $519,250.00. Following the sale, the director directly owned 257,333 shares of the company’s stock, valued at $5,344,806.41. The trade was a 8.85% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CFO Thomas S. Whelan sold 6,000 shares of the firm’s stock in a transaction on Wednesday, August 19th. The stock was sold at an average price of $20.87, for a total value of $125,220.00. The SEC filing for this sale provides additional information. Insiders sold 51,000 shares of company stock valued at $1,055,070 over the last quarter. 0.90% of the stock is owned by company insiders.

Institutional Trading of Coeur Mining

A number of institutional investors and hedge funds have recently added to or reduced their stakes in CDE. Ancora Advisors LLC bought a new position in shares of Coeur Mining in the 2nd quarter worth about $26,000. Versant Capital Management Inc boosted its holdings in shares of Coeur Mining by 105.0% during the 2nd quarter. Versant Capital Management Inc now owns 1,601 shares of the basic materials company’s stock worth $26,000 after buying an additional 820 shares in the last quarter. Kingdom Financial Group LLC. bought a new stake in shares of Coeur Mining during the fourth quarter valued at approximately $32,000. Bullseye Investment Management LLC acquired a new position in Coeur Mining during the second quarter worth $33,000. Finally, Allworth Financial LP increased its position in shares of Coeur Mining by 20.9% during the fourth quarter. Allworth Financial LP now owns 2,994 shares of the basic materials company’s stock worth $53,000 after acquiring an additional 517 shares in the last quarter. Institutional investors and hedge funds own 63.01% of the company’s stock.

About Coeur Mining

Coeur Mining, Inc (NYSE: CDE) is a precious metals mining company that explores for, develops, and produces gold and silver. The company’s activities include mine operations, mineral exploration, project development, processing, and the sale of refined or doré metals to commercial customers.

Coeur’s operating and development portfolio has included assets in the United States, Mexico, and Canada. Key operations have included the Rochester silver-gold mine in Nevada, the Kensington gold mine in Alaska, the Wharf gold mine in South Dakota, the Palmarejo silver-gold complex in Chihuahua, Mexico, and the Las Chispas silver-gold operation in Sonora, Mexico.