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

Coeur Mining, Inc. (NYSE:CDE) has earned an average rating of “Buy” from the eleven brokerages that are covering the stock, MarketBeat Ratings reports. Two equities research analysts have rated the stock with a hold recommendation, six have issued a buy recommendation and three have assigned a strong buy recommendation to the company. The average twelve-month target price among analysts that have updated their coverage on the stock in the last year is $16.3214.

A number of equities analysts have recently commented on the company. BMO Capital Markets raised their price objective on Coeur Mining from $11.00 to $12.00 and gave the stock an “outperform” rating in a report on Thursday, August 7th. Wall Street Zen downgraded shares of Coeur Mining from a “strong-buy” rating to a “buy” rating in a research report on Saturday, November 1st. Cantor Fitzgerald downgraded Coeur Mining from an “overweight” rating to a “hold” rating and set a $16.00 target price on the stock. in a report on Thursday, October 30th. Raymond James Financial set a $21.00 price objective on shares of Coeur Mining in a research report on Thursday, October 30th. Finally, Cormark cut Coeur Mining from a “moderate buy” rating to a “hold” rating in a research note on Wednesday, October 29th.

Coeur Mining Trading Up 6.4%

Shares of Coeur Mining stock opened at $14.89 on Tuesday. The company has a 50-day moving average of $17.55 and a two-hundred day moving average of $12.71. The stock has a market cap of $9.56 billion, a PE ratio of 22.56 and a beta of 1.21. Coeur Mining has a 12-month low of $4.58 and a 12-month high of $23.61. The company has a current ratio of 1.61, a quick ratio of 0.60 and a debt-to-equity ratio of 0.12.

Coeur Mining (NYSE:CDE) last released its quarterly earnings results on Wednesday, October 29th. The basic materials company reported $0.23 EPS for the quarter, missing the consensus estimate of $0.25 by ($0.02). Coeur Mining had a net margin of 24.03% and a return on equity of 17.01%. The business had revenue of $554.57 million during the quarter, compared to analyst estimates of $511.20 million. During the same quarter in the prior year, the company earned $0.12 earnings per share. The firm’s revenue for the quarter was up 76.9% compared to the same quarter last year. On average, research analysts anticipate that Coeur Mining will post 0.58 EPS for the current fiscal year.

Insider Activity

In other Coeur Mining news, CEO Mitchell J. Krebs sold 125,000 shares of the company’s stock in a transaction on Monday, September 8th. The stock was sold at an average price of $14.65, for a total value of $1,831,250.00. Following the transaction, the chief executive officer owned 2,197,309 shares of the company’s stock, valued at approximately $32,190,576.85. This represents a 5.38% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 1.50% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Coeur Mining

Several hedge funds and other institutional investors have recently modified their holdings of CDE. JPL Wealth Management LLC bought a new stake in shares of Coeur Mining in the 3rd quarter valued at approximately $35,000. Covestor Ltd boosted its stake in Coeur Mining by 7,011.5% in the third quarter. Covestor Ltd now owns 1,849 shares of the basic materials company’s stock valued at $35,000 after acquiring an additional 1,823 shares during the last quarter. Bogart Wealth LLC acquired a new stake in shares of Coeur Mining during the third quarter worth $62,000. EverSource Wealth Advisors LLC boosted its stake in Coeur Mining by 74.2% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 3,368 shares of the basic materials company’s stock worth $30,000 after acquiring an additional 1,435 shares during the last quarter. Finally, MAI Capital Management bought a new position in shares of Coeur Mining during the first quarter worth $25,000. Institutional investors and hedge funds 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.