Coeur Mining’s (CDE) Sector Outperform Rating Reiterated at Scotiabank

Coeur Mining (NYSE:CDE)‘s stock had its “sector outperform” rating reiterated by equities research analysts at Scotiabank in a research report issued to clients and investors on Friday,Benzinga reports. They currently have a $27.50 target price on the basic materials company’s stock. Scotiabank’s target price would indicate a potential upside of 67.74% from the stock’s current price.

CDE has been the topic of several other research reports. Cantor Fitzgerald cut shares of Coeur Mining from a “buy” rating to a “hold” rating and set a $19.00 target price on the stock. in a research note on Thursday, May 7th. Roth Mkm reiterated a “buy” rating and issued a $25.00 target price on shares of Coeur Mining in a research report on Friday, May 8th. Zacks Research upgraded shares of Coeur Mining from a “strong sell” rating to a “hold” rating in a research report on Thursday, April 30th. Royal Bank Of Canada upped their price objective on shares of Coeur Mining from $22.00 to $26.00 and gave the company an “outperform” rating in a research note on Thursday, February 12th. Finally, Weiss Ratings lowered shares of Coeur Mining from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Friday, March 27th. One investment analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and four have issued a Hold rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $24.85.

Coeur Mining Stock Up 6.4%

CDE opened at $16.39 on Friday. The company has a market cap of $16.96 billion, a PE ratio of 14.13 and a beta of 1.25. Coeur Mining has a twelve month low of $8.46 and a twelve month high of $27.77. The company has a 50-day moving average price of $18.56 and a 200 day moving average price of $19.69. The company has a quick ratio of 2.14, a current ratio of 3.73 and a debt-to-equity ratio of 0.07.

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

Insider Activity

In related news, CAO Kenneth J. Watkinson sold 39,000 shares of the business’s stock in a transaction dated Monday, June 1st. The shares were sold at an average price of $18.60, for a total value 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 position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 0.90% of the company’s stock.

Hedge Funds Weigh In On Coeur Mining

A number of hedge funds have recently made changes to their positions in the stock. Triumph Capital Management lifted its stake in Coeur Mining by 300.0% during the fourth quarter. Triumph Capital Management now owns 1,600 shares of the basic materials company’s stock worth $29,000 after purchasing an additional 1,200 shares in the last quarter. EverSource Wealth Advisors LLC raised its holdings in shares of 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 valued at $30,000 after buying an additional 1,435 shares during the period. Kingdom Financial Group LLC. purchased a new stake in shares of Coeur Mining in the 4th quarter valued at $32,000. Kemnay Advisory Services Inc. acquired a new position in Coeur Mining during the 4th quarter worth about $33,000. Finally, Transamerica Financial Advisors LLC purchased a new position in Coeur Mining during the 4th quarter valued at about $34,000. Hedge funds and other institutional investors own 63.01% of the company’s stock.

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.