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

by · The Markets Daily

Shares of Coeur Mining, Inc. (NYSE:CDE – Get Free Report) have earned an average rating of “Buy” from the nine ratings firms that are presently covering the stock, Marketbeat Ratings reports. Six analysts have rated the stock with a buy recommendation and three have given a strong buy recommendation to the company. The average 12 month target price among brokers that have issued a report on the stock in the last year is $9.21.

A number of research analysts recently issued reports on CDE shares. TD Cowen raised Coeur Mining to a “strong-buy” rating in a report on Tuesday, March 11th. National Bankshares set a $12.00 price objective on shares of Coeur Mining in a research report on Friday, June 13th. TD Securities started coverage on shares of Coeur Mining in a research note on Tuesday, March 11th. They issued a “buy” rating and a $7.00 price objective on the stock. Roth Capital reiterated a “buy” rating and issued a $12.00 target price (up from $10.00) on shares of Coeur Mining in a report on Tuesday. Finally, National Bank Financial raised shares of Coeur Mining to a “strong-buy” rating in a research note on Thursday, June 12th.

Check Out Our Latest Stock Report on Coeur Mining

Coeur Mining Price Performance

NYSE CDE opened at $8.98 on Friday. Coeur Mining has a 12 month low of $4.57 and a 12 month high of $9.69. The firm has a market capitalization of $5.74 billion, a PE ratio of 34.54 and a beta of 1.32. The company’s 50 day simple moving average is $7.91 and its 200 day simple moving average is $6.68. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.93 and a quick ratio of 0.62.

Coeur Mining (NYSE:CDE – Get Free Report) last issued its quarterly earnings results on Wednesday, May 7th. The basic materials company reported $0.11 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.01) by $0.12. Coeur Mining had a return on equity of 9.96% and a net margin of 10.11%. During the same quarter in the previous year, the firm posted ($0.05) EPS. The company’s revenue was up 69.0% compared to the same quarter last year. As a group, equities research analysts forecast that Coeur Mining will post 0.58 EPS for the current fiscal year.

Insiders Place Their Bets

In other Coeur Mining news, Director Pierre Beaudoin sold 60,551 shares of the company’s stock in a transaction dated Friday, May 9th. The shares were sold at an average price of $7.30, for a total transaction of $442,022.30. Following the completion of the sale, the director directly owned 188,362 shares of the company’s stock, valued at approximately $1,375,042.60. This represents a 24.33% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CAO Kenneth J. Watkinson sold 12,350 shares of the firm’s stock in a transaction dated Friday, May 9th. The stock was sold at an average price of $7.40, for a total transaction of $91,390.00. Following the completion of the transaction, the chief accounting officer owned 122,104 shares of the company’s stock, valued at approximately $903,569.60. The trade was a 9.19% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 90,061 shares of company stock worth $667,775. Company insiders own 1.50% of the company’s stock.

Hedge Funds Weigh In On Coeur Mining

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Rhumbline Advisers raised its stake in Coeur Mining by 0.9% during the 4th quarter. Rhumbline Advisers now owns 625,026 shares of the basic materials company’s stock valued at $3,575,000 after purchasing an additional 5,328 shares during the period. Private Advisor Group LLC acquired a new stake in shares of Coeur Mining in the fourth quarter worth $243,000. Ieq Capital LLC purchased a new position in shares of Coeur Mining during the fourth quarter valued at $186,000. Handelsbanken Fonder AB purchased a new position in shares of Coeur Mining during the fourth quarter valued at $573,000. Finally, Bank of New York Mellon Corp raised its position in Coeur Mining by 0.4% during the fourth quarter. Bank of New York Mellon Corp now owns 1,248,706 shares of the basic materials company’s stock valued at $7,143,000 after buying an additional 5,541 shares during the period. Institutional investors and hedge funds own 63.01% of the company’s stock.

About Coeur Mining

(Get Free Report

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.

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