Coeur Mining, Inc. (NYSE:CDE) Receives $8.05 Average Price Target from Analysts

Coeur Mining, Inc. (NYSE:CDE) has been assigned a consensus rating of “Buy” from the eight analysts that are covering the stock, MarketBeat Ratings reports. Six investment analysts have rated the stock with a buy recommendation and two have issued a strong buy recommendation on the company. The average 12-month price objective among analysts that have issued ratings on the stock in the last year is $8.05.

A number of research analysts recently issued reports on CDE shares. TD Securities started coverage on Coeur Mining in a research report on Tuesday, March 11th. They set a “buy” rating and a $7.00 price objective for the company. BMO Capital Markets began coverage on Coeur Mining in a research note on Tuesday, February 18th. They issued an “outperform” rating and a $9.00 target price on the stock. TD Cowen upgraded shares of Coeur Mining to a “strong-buy” rating in a research report on Tuesday, March 11th. Cormark upgraded shares of Coeur Mining to a “moderate buy” rating in a research report on Thursday, February 20th. Finally, Raymond James raised shares of Coeur Mining from a “market perform” rating to an “outperform” rating and reduced their target price for the company from $8.75 to $8.25 in a research note on Friday, February 21st.

Insider Activity at Coeur Mining

In other news, CFO Thomas S. Whelan bought 10,000 shares of the business’s stock in a transaction on Wednesday, February 26th. The stock was purchased at an average cost of $5.25 per share, for a total transaction of $52,500.00. Following the completion of the transaction, the chief financial officer now directly owns 668,450 shares of the company’s stock, valued at approximately $3,509,362.50. This trade represents a 1.52 % increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 1.56% of the stock is currently owned by insiders.

Institutional Trading of Coeur Mining

A number of hedge funds and other institutional investors have recently modified their holdings of CDE. GAMMA Investing LLC boosted its stake in Coeur Mining by 139.8% during the fourth 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. Quarry LP lifted its holdings in Coeur Mining by 853.8% in the 4th quarter. Quarry LP now owns 6,667 shares of the basic materials company’s stock valued at $38,000 after acquiring an additional 5,968 shares during the last quarter. Optiver Holding B.V. boosted its position in shares of Coeur Mining by 150.5% during the 4th quarter. Optiver Holding B.V. now owns 8,160 shares of the basic materials company’s stock valued at $47,000 after purchasing an additional 4,903 shares in the last quarter. FNY Investment Advisers LLC bought a new position in shares of Coeur Mining during the 4th quarter valued at about $57,000. Finally, ZEGA Investments LLC acquired a new position in shares of Coeur Mining in the 4th quarter worth approximately $64,000. Institutional investors own 63.01% of the company’s stock.

Coeur Mining Trading Up 0.9 %

Coeur Mining stock opened at $6.27 on Thursday. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.39 and a current ratio of 0.83. Coeur Mining has a 1 year low of $3.36 and a 1 year high of $7.72. The firm’s 50-day moving average is $6.18 and its 200-day moving average is $6.37. The company has a market cap of $4.00 billion, a P/E ratio of 52.23 and a beta of 1.51.

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

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.