Coeur Mining, Inc. (NYSE:CDE) Receives $26.39 Consensus Price Target from Analysts

Coeur Mining, Inc. (NYSE:CDE) has earned an average rating of “Moderate Buy” from the fourteen research firms that are currently covering the firm, Marketbeat reports. One investment analyst has rated the stock with a sell recommendation, three have given a hold recommendation, nine have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average twelve-month price target among analysts that have covered the stock in the last year is $26.3889.

A number of equities analysts have recently weighed in on CDE shares. Canaccord Genuity Group raised shares of Coeur Mining from a “hold” rating to a “buy” rating and set a $26.00 price target on the stock in a research note on Wednesday, April 29th. Wall Street Zen downgraded shares of Coeur Mining from a “buy” rating to a “hold” rating in a report on Saturday, May 9th. Zacks Research cut shares of Coeur Mining from a “hold” rating to a “strong sell” rating in a report on Friday, July 10th. Scotiabank reaffirmed an “outperform” rating and issued a $28.50 target price on shares of Coeur Mining in a report on Tuesday, July 14th. Finally, Cantor Fitzgerald downgraded shares of Coeur Mining from a “buy” rating to a “hold” rating and set a $19.00 price target for the company. in a research report on Thursday, May 7th.

Insider Buying and Selling

In other Coeur Mining news, CAO Kenneth J. Watkinson sold 39,000 shares of the business’s stock in a transaction on Monday, June 1st. The stock was sold at an average price of $18.60, for a total transaction of $725,400.00. Following the sale, the chief accounting officer directly owned 77,204 shares in the company, valued at approximately $1,435,994.40. The trade was a 33.56% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 0.90% of the company’s stock.

Institutional Investors Weigh In On Coeur Mining

Several institutional investors and hedge funds have recently made changes to their positions in CDE. AQR Capital Management LLC increased its holdings in Coeur Mining by 60.2% during the 1st quarter. AQR Capital Management LLC now owns 748,907 shares of the basic materials company’s stock valued at $4,434,000 after acquiring an additional 281,489 shares in the last quarter. Goldman Sachs Group Inc. lifted its holdings in shares of Coeur Mining by 18.1% in the first quarter. Goldman Sachs Group Inc. now owns 8,352,940 shares of the basic materials company’s stock valued at $49,449,000 after purchasing an additional 1,278,110 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its holdings in shares of Coeur Mining by 122.6% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 2,431,244 shares of the basic materials company’s stock valued at $14,393,000 after purchasing an additional 1,339,138 shares in the last quarter. Focus Partners Wealth acquired a new stake in shares of Coeur Mining in the first quarter valued at approximately $60,000. Finally, Intech Investment Management LLC grew its position in shares of Coeur Mining by 58.4% in the first quarter. Intech Investment Management LLC now owns 269,203 shares of the basic materials company’s stock valued at $1,594,000 after purchasing an additional 99,256 shares during the last quarter. 63.01% of the stock is currently owned by hedge funds and other institutional investors.

Coeur Mining Stock Up 4.4%

Coeur Mining stock opened at $16.24 on Friday. The stock’s 50 day moving average price is $16.47 and its 200 day moving average price is $19.25. Coeur Mining has a 1-year low of $9.11 and a 1-year high of $27.77. The company has a market cap of $16.80 billion, a PE ratio of 14.00 and a beta of 1.32. The company has a debt-to-equity ratio of 0.07, a current ratio of 3.73 and a quick ratio of 2.14.

Coeur Mining (NYSE:CDE) last released its quarterly earnings data on Wednesday, May 6th. The basic materials company reported $0.36 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.37 by ($0.01). The business had revenue of $856.19 million during the quarter, compared to analysts’ expectations of $815.59 million. Coeur Mining had a return on equity of 15.38% and a net margin of 31.15%.The company’s revenue was up 137.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.11 EPS. On average, sell-side analysts predict that Coeur Mining will post 1.25 EPS for the current fiscal year.

Coeur Mining Dividend Announcement

The company also recently disclosed 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. The ex-dividend date of this dividend was Friday, May 22nd. This represents a yield of 23.0%. Coeur Mining’s payout ratio is currently 3.45%.

About Coeur Mining

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.