Coeur Mining, Inc. (NYSE:CDE) Receives Average Rating of “Buy” from Analysts

Coeur Mining, Inc. (NYSE:CDE) has been given a consensus rating of “Buy” by the ten research firms that are currently covering the company, MarketBeat.com reports. One research analyst has rated the stock with a hold recommendation, six have given a buy recommendation and three have issued a strong buy recommendation on the company. The average 12 month target price among brokers that have covered the stock in the last year is $9.7857.

Several equities research analysts have weighed in on CDE shares. National Bank Financial raised shares of Coeur Mining to a “strong-buy” rating in a research note on Thursday, June 12th. BMO Capital Markets boosted their price target on shares of Coeur Mining from $11.00 to $12.00 and gave the stock an “outperform” rating in a report on Thursday, August 7th. Roth Capital reiterated a “buy” rating and issued a $13.00 target price on shares of Coeur Mining in a research note on Thursday, August 7th. National Bankshares set a $12.00 target price on shares of Coeur Mining in a research note on Friday, June 13th. Finally, Zacks Research raised shares of Coeur Mining to a “hold” rating in a research report on Tuesday, August 12th.

Insider Buying and Selling

In other news, SVP Aoife Mcgrath sold 8,000 shares of the business’s stock in a transaction that occurred on Tuesday, August 12th. The shares were sold at an average price of $11.69, for a total value of $93,520.00. Following the sale, the senior vice president owned 203,318 shares of the company’s stock, valued at $2,376,787.42. The trade was a 3.79% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Mitchell J. Krebs sold 125,000 shares of the company’s stock in a transaction that occurred on Monday, September 8th. The stock was sold at an average price of $14.65, for a total transaction of $1,831,250.00. Following the sale, the chief executive officer directly owned 2,197,309 shares in the company, valued at $32,190,576.85. This trade represents a 5.38% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 516,619 shares of company stock valued at $6,626,362. Corporate insiders own 1.56% of the company’s stock.

Institutional Trading of Coeur Mining

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Ameritas Investment Partners Inc. grew its stake in Coeur Mining by 1.8% in the 2nd quarter. Ameritas Investment Partners Inc. now owns 65,416 shares of the basic materials company’s stock worth $580,000 after buying an additional 1,183 shares in the last quarter. BFI Infinity Ltd. grew its stake in Coeur Mining by 3.2% in the 2nd quarter. BFI Infinity Ltd. now owns 43,560 shares of the basic materials company’s stock worth $386,000 after buying an additional 1,355 shares in the last quarter. EverSource Wealth Advisors LLC grew its stake in Coeur Mining by 74.2% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 3,368 shares of the basic materials company’s stock worth $30,000 after buying an additional 1,435 shares in the last quarter. Janney Montgomery Scott LLC grew its stake in Coeur Mining by 7.2% in the 2nd quarter. Janney Montgomery Scott LLC now owns 23,702 shares of the basic materials company’s stock worth $210,000 after buying an additional 1,602 shares in the last quarter. Finally, Plancorp LLC grew its stake in Coeur Mining by 0.5% in the 1st quarter. Plancorp LLC now owns 300,790 shares of the basic materials company’s stock worth $1,781,000 after buying an additional 1,617 shares in the last quarter. Institutional investors own 63.01% of the company’s stock.

Coeur Mining Price Performance

CDE stock opened at $16.91 on Thursday. The company has a fifty day moving average price of $11.34 and a 200-day moving average price of $8.54. The company has a market capitalization of $10.87 billion, a P/E ratio of 45.69 and a beta of 1.19. Coeur Mining has a 52-week low of $4.58 and a 52-week high of $16.93. The company has a debt-to-equity ratio of 0.12, a quick ratio of 0.60 and a current ratio of 1.61.

Coeur Mining (NYSE:CDE) last released its quarterly earnings results on Wednesday, August 6th. The basic materials company reported $0.20 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.18 by $0.02. Coeur Mining had a net margin of 13.06% and a return on equity of 14.38%. The firm had revenue of $480.65 million during the quarter, compared to the consensus estimate of $438.40 million. During the same quarter last year, the firm earned ($0.01) earnings per share. The company’s revenue for the quarter was up 116.5% on a year-over-year basis. As a group, equities analysts expect that Coeur Mining will post 0.58 EPS 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.