Coeur Mining, Inc. (NYSE:CDE) Receives $26.28 Consensus Price Target from Brokerages

Coeur Mining, Inc. (NYSE:CDE) has been given a consensus rating of “Moderate Buy” by the fourteen ratings firms that are currently covering the company, Marketbeat Ratings reports. Four equities research analysts have rated the stock with a hold recommendation, nine have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average twelve-month target price among brokers that have issued ratings on the stock in the last year is $26.2778.

A number of brokerages recently weighed in on CDE. Cantor Fitzgerald cut shares of Coeur Mining from a “buy” rating to a “hold” rating and set a $19.00 price objective on the stock. in a research note on Thursday, May 7th. Roth Mkm restated a “buy” rating and set a $25.00 price objective on shares of Coeur Mining in a research note on Friday, May 8th. Scotiabank began coverage on shares of Coeur Mining in a research note on Friday, June 12th. They set a “sector outperform” rating and a $27.50 price objective on the stock. Zacks Research upgraded shares of Coeur Mining from a “strong sell” rating to a “hold” rating in a research note on Thursday, April 30th. Finally, Weiss Ratings cut shares of Coeur Mining from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Friday, March 27th.

Coeur Mining Price Performance

Shares of NYSE CDE opened at $17.49 on Friday. Coeur Mining has a fifty-two week low of $8.46 and a fifty-two week high of $27.77. The firm’s 50-day simple moving average is $18.48 and its 200 day simple moving average is $19.76. The company has a quick ratio of 2.14, a current ratio of 3.73 and a debt-to-equity ratio of 0.07. The stock has a market cap of $18.10 billion, a P/E ratio of 15.08 and a beta of 1.25.

Coeur Mining (NYSE:CDE) last issued its quarterly earnings data on Wednesday, May 6th. The basic materials company reported $0.36 earnings per share for the quarter, missing analysts’ consensus estimates of $0.37 by ($0.01). Coeur Mining had a net margin of 31.15% and a return on equity of 15.38%. The company had revenue of $856.19 million for the quarter, compared to the consensus estimate of $815.59 million. During the same quarter in the prior year, the firm earned $0.11 earnings per share. Coeur Mining’s revenue for the quarter was up 137.8% compared to the same quarter last year. Equities analysts expect that Coeur Mining will post 1.46 EPS for the current year.

Coeur Mining Announces Dividend

The company also recently announced a dividend, which was paid on Wednesday, June 10th. Investors of record on Friday, May 22nd were issued a dividend of $0.02 per share. This represents a yield of 23.0%. The ex-dividend date of this dividend was Friday, May 22nd. Coeur Mining’s payout ratio is presently 3.45%.

Insider Transactions at Coeur Mining

In related news, CAO Kenneth J. Watkinson sold 39,000 shares of Coeur Mining stock in a transaction dated Monday, June 1st. The stock was sold at an average price of $18.60, for a total transaction of $725,400.00. Following the transaction, the chief accounting officer directly owned 77,204 shares of the company’s stock, valued at $1,435,994.40. The trade was a 33.56% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.90% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the company. PVG Asset Management Corp acquired a new position in Coeur Mining during the first quarter worth about $3,369,000. Pine Valley Investments Ltd Liability Co grew its holdings in Coeur Mining by 212.6% during the first quarter. Pine Valley Investments Ltd Liability Co now owns 66,134 shares of the basic materials company’s stock worth $1,241,000 after acquiring an additional 44,977 shares during the period. Parallel Advisors LLC grew its holdings in Coeur Mining by 181.8% during the first quarter. Parallel Advisors LLC now owns 3,260 shares of the basic materials company’s stock worth $61,000 after acquiring an additional 2,103 shares during the period. Optiver Holding B.V. acquired a new position in Coeur Mining during the first quarter worth about $167,000. Finally, Glenmede Trust Co. NA grew its holdings in Coeur Mining by 3.8% during the first quarter. Glenmede Trust Co. NA now owns 48,942 shares of the basic materials company’s stock worth $919,000 after acquiring an additional 1,771 shares during the period. 63.01% of the stock is owned by institutional investors and hedge funds.

Coeur Mining Company Profile

Coeur Mining, Inc is a publicly traded precious metals mining company headquartered in Chicago, Illinois. The company specializes in the exploration, development and production of silver and gold deposits, with a focus on high-grade underground and open-pit operations. Through a combination of operating mines and advanced exploration projects, Coeur Mining seeks to deliver consistent production of silver and gold bullion while maintaining industry standards for safety, environmental stewardship and cost management.

Coeur Mining’s portfolio includes five principal operating mines and several exploration projects across North America and Australia.