Coeur Mining, Inc. (NYSE:CDE) Receives $25.50 Average PT from Brokerages

Coeur Mining, Inc. (NYSE:CDE) has received an average rating of “Moderate Buy” from the fourteen research firms that are currently covering the firm, Marketbeat.com reports. Four equities research analysts have rated the stock with a hold recommendation, nine have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12 month price objective among brokerages that have updated their coverage on the stock in the last year is $25.50.

Several brokerages recently weighed in on CDE. Scotiabank cut their price objective on shares of Coeur Mining from $28.50 to $26.50 and set an “outperform” rating on the stock in a research report on Friday, August 7th. Roth Capital set a $19.00 price target on Coeur Mining in a research report on Friday, August 7th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Coeur Mining in a research report on Monday. Finally, Zacks Research upgraded shares of Coeur Mining from a “strong sell” rating to a “hold” rating in a research note on Monday, August 17th.

Insider Activity

In related news, CFO Thomas Whelan sold 6,000 shares of the stock in a transaction dated Wednesday, August 19th. The shares were sold at an average price of $20.87, for a total value of $125,220.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Casey Nault sold 10,000 shares of Coeur Mining stock in a transaction dated Wednesday, August 19th. The stock was sold at an average price of $20.00, for a total value of $200,000.00. Following the sale, the executive vice president directly owned 540,086 shares in the company, valued at approximately $10,801,720. This trade represents a 1.82% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last 90 days, insiders sold 51,000 shares of company stock valued at $1,055,070. 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. Andra AP fonden acquired a new position in Coeur Mining in the second quarter valued at about $5,825,000. Bullseye Investment Management LLC acquired a new position in shares of Coeur Mining during the second quarter valued at $33,000. Integrated Wealth Concepts LLC acquired a new position in Coeur Mining during the 2nd quarter valued at about $170,000. RFG Advisory LLC lifted its holdings in Coeur Mining by 4.4% in the second quarter. RFG Advisory LLC now owns 70,918 shares of the basic materials company’s stock valued at $1,157,000 after buying an additional 3,005 shares during the period. Finally, IFP Advisors Inc boosted its position in shares of Coeur Mining by 74.4% in the 2nd quarter. IFP Advisors Inc now owns 4,155 shares of the basic materials company’s stock worth $68,000 after purchasing an additional 1,773 shares during the last quarter. Institutional investors and hedge funds own 63.01% of the company’s stock.

Coeur Mining Trading Down 5.6%

NYSE:CDE opened at $19.34 on Monday. The stock has a market cap of $19.89 billion, a PE ratio of 16.53 and a beta of 1.39. The company has a debt-to-equity ratio of 0.07, a current ratio of 3.65 and a quick ratio of 2.44. The stock’s 50-day moving average is $18.62 and its two-hundred day moving average is $18.39. Coeur Mining has a fifty-two week low of $13.55 and a fifty-two week high of $27.77.

Coeur Mining (NYSE:CDE) last issued its earnings results on Wednesday, August 5th. The basic materials company reported $0.12 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.26 by ($0.14). The company had revenue of $1.09 billion for the quarter, compared to analyst estimates of $1.24 billion. Coeur Mining had a net margin of 26.82% and a return on equity of 11.03%. The company’s quarterly revenue was up 125.8% on a year-over-year basis. During the same period last year, the business earned $0.20 EPS. As a group, equities research analysts forecast that Coeur Mining will post 0.9 earnings per share for the current fiscal year.

About Coeur Mining

Coeur Mining, Inc (NYSE: CDE) is a precious metals mining company that explores for, develops, and produces gold and silver. The company’s activities include mine operations, mineral exploration, project development, processing, and the sale of refined or doré metals to commercial customers.

Coeur’s operating and development portfolio has included assets in the United States, Mexico, and Canada. Key operations have included the Rochester silver-gold mine in Nevada, the Kensington gold mine in Alaska, the Wharf gold mine in South Dakota, the Palmarejo silver-gold complex in Chihuahua, Mexico, and the Las Chispas silver-gold operation in Sonora, Mexico.