Coeur Mining, Inc. (NYSE:CDE) Given Consensus Rating of “Buy” by Brokerages

Coeur Mining, Inc. (NYSE:CDE) has been assigned an average rating of “Buy” from the nine brokerages that are currently covering the stock, Marketbeat reports. Six investment analysts have rated the stock with a buy rating and three have given a strong buy rating to the company. The average 12 month price target among brokerages that have issued a report on the stock in the last year is $9.21.

Several 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 research note on Thursday, June 12th. Roth Capital restated a “buy” rating and issued a $12.00 target price (up from $10.00) on shares of Coeur Mining in a research note on Tuesday, July 1st. Raymond James Financial restated an “outperform” rating and issued a $8.50 target price on shares of Coeur Mining in a research note on Wednesday, April 2nd. Finally, National Bankshares set a $12.00 target price on shares of Coeur Mining in a research note on Friday, June 13th.

Insider Transactions at Coeur Mining

In related news, Director Eduardo Luna sold 17,160 shares of the company’s stock in a transaction on Wednesday, May 21st. The stock was sold at an average price of $7.83, for a total transaction of $134,362.80. Following the transaction, the director directly owned 101,841 shares of the company’s stock, valued at approximately $797,415.03. The trade was a 14.42% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CAO Kenneth J. Watkinson sold 12,350 shares of Coeur Mining stock in a transaction that occurred on Friday, May 9th. The stock was sold at an average price of $7.40, for a total value of $91,390.00. Following the completion of the transaction, the chief accounting officer directly owned 122,104 shares in the company, valued at approximately $903,569.60. This represents a 9.19% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 90,061 shares of company stock valued at $667,775. Corporate insiders own 1.56% of the company’s stock.

Institutional Investors Weigh In On Coeur Mining

Several large investors have recently modified their holdings of the business. Proficio Capital Partners LLC bought a new position in shares of Coeur Mining during the fourth quarter worth approximately $92,000. Raymond James Financial Inc. bought a new position in shares of Coeur Mining during the fourth quarter worth approximately $3,738,000. Swiss National Bank increased its stake in shares of Coeur Mining by 0.7% during the fourth quarter. Swiss National Bank now owns 785,300 shares of the basic materials company’s stock worth $4,492,000 after purchasing an additional 5,700 shares during the period. Commonwealth Equity Services LLC increased its stake in Coeur Mining by 103.7% during the 4th quarter. Commonwealth Equity Services LLC now owns 52,031 shares of the basic materials company’s stock worth $298,000 after acquiring an additional 26,493 shares during the period. Finally, Cibc World Markets Corp bought a new position in Coeur Mining during the 4th quarter worth $212,000. 63.01% of the stock is currently owned by institutional investors.

Coeur Mining Trading Up 1.3%

Shares of CDE stock opened at $9.58 on Wednesday. Coeur Mining has a 52-week low of $4.57 and a 52-week high of $9.97. The company has a 50-day simple moving average of $8.70 and a two-hundred day simple moving average of $6.96. The company has a market capitalization of $6.13 billion, a price-to-earnings ratio of 36.86 and a beta of 1.32. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.62 and a current ratio of 1.93.

Coeur Mining (NYSE:CDE) last posted its earnings results on Wednesday, May 7th. The basic materials company reported $0.11 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.01) by $0.12. Coeur Mining had a net margin of 10.11% and a return on equity of 9.96%. The firm’s quarterly revenue was up 69.0% on a year-over-year basis. During the same period in the previous year, the firm posted ($0.05) EPS. Research analysts anticipate that Coeur Mining will post 0.58 EPS for the current fiscal year.

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.