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

Coeur Mining, Inc. (NYSE:CDE) has received an average rating of “Buy” from the nine research firms that are currently covering the firm, MarketBeat Ratings reports. Six equities research analysts have rated the stock with a buy rating and three have assigned a strong buy rating to the company. The average 1-year price objective among brokerages that have updated their coverage on the stock in the last year is $8.05.

Several research analysts have issued reports on CDE shares. Raymond James upgraded Coeur Mining from a “market perform” rating to an “outperform” rating and cut their price objective for the stock from $8.75 to $8.25 in a research report on Friday, February 21st. National Bank Financial upgraded shares of Coeur Mining to a “strong-buy” rating in a report on Friday, March 21st. BMO Capital Markets assumed coverage on shares of Coeur Mining in a report on Tuesday, February 18th. They set an “outperform” rating and a $9.00 price objective on the stock. Roth Mkm dropped their target price on shares of Coeur Mining from $8.50 to $8.25 and set a “buy” rating for the company in a report on Friday, February 21st. Finally, TD Securities assumed coverage on Coeur Mining in a research note on Tuesday, March 11th. They set a “buy” rating and a $7.00 price target on the stock.

Insider Buying and Selling at Coeur Mining

In related news, CFO Thomas S. Whelan bought 10,000 shares of the stock in a transaction dated Wednesday, February 26th. The stock was acquired at an average price of $5.25 per share, for a total transaction of $52,500.00. Following the completion of the purchase, the chief financial officer now owns 668,450 shares in the company, valued at $3,509,362.50. This represents a 1.52 % increase 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 hyperlink. 1.56% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Coeur Mining

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Two Sigma Advisers LP grew its position in Coeur Mining by 404.6% in the fourth quarter. Two Sigma Advisers LP now owns 5,089,100 shares of the basic materials company’s stock valued at $29,110,000 after acquiring an additional 4,080,600 shares in the last quarter. Jacobs Levy Equity Management Inc. purchased a new position in shares of Coeur Mining in the fourth quarter valued at $21,224,000. Vanguard Group Inc. grew its holdings in Coeur Mining by 8.5% during the 4th quarter. Vanguard Group Inc. now owns 40,700,218 shares of the basic materials company’s stock valued at $232,805,000 after purchasing an additional 3,178,785 shares in the last quarter. Marshall Wace LLP grew its holdings in Coeur Mining by 12,934.3% during the 4th quarter. Marshall Wace LLP now owns 2,971,679 shares of the basic materials company’s stock valued at $16,998,000 after purchasing an additional 2,948,880 shares in the last quarter. Finally, Two Sigma Investments LP increased its stake in Coeur Mining by 57.8% during the 4th quarter. Two Sigma Investments LP now owns 7,210,595 shares of the basic materials company’s stock worth $41,245,000 after buying an additional 2,641,310 shares during the period. 63.01% of the stock is owned by institutional investors and hedge funds.

Coeur Mining Stock Down 3.4 %

Shares of NYSE:CDE opened at $6.14 on Thursday. The company has a market cap of $3.92 billion, a price-to-earnings ratio of 51.13 and a beta of 1.51. Coeur Mining has a fifty-two week low of $3.40 and a fifty-two week high of $7.72. The firm’s 50-day simple moving average is $6.17 and its 200-day simple moving average is $6.38. The company has a quick ratio of 0.39, a current ratio of 0.83 and a debt-to-equity ratio of 0.50.

Coeur Mining (NYSE:CDE) last announced its quarterly earnings data on Wednesday, February 19th. The basic materials company reported $0.11 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.11. The company had revenue of $305.40 million for the quarter, compared to analyst estimates of $314.32 million. Coeur Mining had a return on equity of 6.59% and a net margin of 5.59%. As a group, equities research analysts predict 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.