Coeur Mining, Inc. (NYSE:CDE) Receives $8.10 Average Target Price from Analysts

Shares of Coeur Mining, Inc. (NYSE:CDE) have been given an average rating of “Buy” by the eight brokerages that are currently covering the company, Marketbeat Ratings reports. Five analysts have rated the stock with a buy recommendation and three have given a strong buy recommendation to the company. The average 12 month price target among brokers that have issued a report on the stock in the last year is $8.10.

A number of equities research analysts have recently weighed in on CDE shares. National Bank Financial raised shares of Coeur Mining to a “strong-buy” rating in a report on Friday, March 21st. TD Cowen raised shares of Coeur Mining to a “strong-buy” rating in a report on Tuesday, March 11th. Cormark raised Coeur Mining to a “moderate buy” rating in a report on Thursday, February 20th. Roth Mkm cut their price objective 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 started coverage on shares of Coeur Mining in a research report on Tuesday, March 11th. They set a “buy” rating and a $7.00 price target on the stock.

Coeur Mining Trading Down 0.4%

CDE opened at $7.63 on Friday. The firm has a market cap of $4.87 billion, a price-to-earnings ratio of 63.59 and a beta of 1.24. The stock has a fifty day moving average price of $5.92 and a 200-day moving average price of $6.16. Coeur Mining has a 12 month low of $4.57 and a 12 month high of $7.85. The company has a current ratio of 0.83, a quick ratio of 0.39 and a debt-to-equity ratio of 0.50.

Coeur Mining (NYSE:CDE) last posted its quarterly earnings data on Wednesday, May 7th. The basic materials company reported $0.11 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.01) by $0.12. Coeur Mining had a return on equity of 6.59% and a net margin of 5.59%. During the same period in the previous year, the business posted ($0.05) earnings per share. Coeur Mining’s revenue was up 69.0% compared to the same quarter last year. As a group, equities research analysts anticipate that Coeur Mining will post 0.58 earnings per share for the current fiscal year.

Insider Buying and Selling at Coeur Mining

In related news, Director Pierre Beaudoin sold 60,551 shares of the firm’s stock in a transaction dated Friday, May 9th. The stock was sold at an average price of $7.30, for a total transaction of $442,022.30. Following the completion of the transaction, the director now owns 188,362 shares of the company’s stock, valued at $1,375,042.60. This trade represents a 24.33% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CFO Thomas S. Whelan bought 10,000 shares of the firm’s stock in a transaction that occurred on Wednesday, February 26th. The stock was bought at an average price of $5.25 per share, for a total transaction of $52,500.00. Following the completion of the acquisition, the chief financial officer now directly owns 668,450 shares in the company, valued at approximately $3,509,362.50. The trade was a 1.52% increase in their ownership of the stock. The disclosure for this purchase can be found here. 1.50% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Coeur Mining

A number of institutional investors have recently modified their holdings of the company. Summer Road LLC bought a new stake in shares of Coeur Mining in the 1st quarter valued at approximately $28,000. GAMMA Investing LLC lifted its holdings in shares of Coeur Mining by 139.8% during the 4th quarter. GAMMA Investing LLC now owns 5,761 shares of the basic materials company’s stock valued at $33,000 after purchasing an additional 3,359 shares in the last quarter. City State Bank lifted its position in Coeur Mining by 56.9% in the 1st quarter. City State Bank now owns 6,274 shares of the basic materials company’s stock valued at $37,000 after acquiring an additional 2,274 shares in the last quarter. Quarry LP boosted its position in Coeur Mining by 853.8% during the 4th quarter. Quarry LP now owns 6,667 shares of the basic materials company’s stock worth $38,000 after acquiring an additional 5,968 shares during the last quarter. Finally, Optiver Holding B.V. grew its holdings in shares of Coeur Mining by 150.5% in the 4th quarter. Optiver Holding B.V. now owns 8,160 shares of the basic materials company’s stock valued at $47,000 after acquiring an additional 4,903 shares in the last quarter. Institutional investors own 63.01% of the company’s stock.

Coeur Mining Company Profile

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.