Coeur Mining, Inc. (NYSE:CDE) Receives $8.05 Consensus Target Price from Brokerages

Coeur Mining, Inc. (NYSE:CDE) has been assigned a consensus recommendation of “Buy” from the nine brokerages that are covering the company, MarketBeat.com reports. Six equities research analysts have rated the stock with a buy rating and three have issued a strong buy rating on the company. The average twelve-month price target among brokerages that have issued a report on the stock in the last year is $8.05.

Several research analysts have weighed in on the stock. BMO Capital Markets initiated coverage on shares of Coeur Mining in a report on Tuesday, February 18th. They set an “outperform” rating and a $9.00 price objective for the company. National Bank Financial upgraded Coeur Mining to a “strong-buy” rating in a research note on Friday, March 21st. TD Securities initiated coverage on Coeur Mining in a research note on Tuesday, March 11th. They set a “buy” rating and a $7.00 price objective on the stock. Roth Mkm reduced their target price on Coeur Mining from $8.50 to $8.25 and set a “buy” rating on the stock in a report on Friday, February 21st. Finally, TD Cowen upgraded Coeur Mining to a “strong-buy” rating in a report on Tuesday, March 11th.

Coeur Mining Price Performance

CDE stock opened at $6.14 on Thursday. The stock’s 50 day moving average is $6.17 and its two-hundred day moving average is $6.38. Coeur Mining has a 52-week low of $3.40 and a 52-week high of $7.72. The company has a market capitalization of $3.92 billion, a PE ratio of 51.13 and a beta of 1.51. The company has a quick ratio of 0.39, a current ratio of 0.83 and a debt-to-equity ratio of 0.50.

Coeur Mining (NYSE:CDE) last released its quarterly earnings results on Wednesday, February 19th. The basic materials company reported $0.11 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.11. The business had revenue of $305.40 million during the quarter, compared to the consensus estimate of $314.32 million. Coeur Mining had a net margin of 5.59% and a return on equity of 6.59%. Analysts predict that Coeur Mining will post 0.58 earnings per share for the current fiscal year.

Insider Transactions at Coeur Mining

In related news, CFO Thomas S. Whelan acquired 10,000 shares of the stock in a transaction that occurred on Wednesday, February 26th. The stock was purchased at an average cost of $5.25 per share, for a total transaction of $52,500.00. Following the purchase, the chief financial officer now directly owns 668,450 shares in the company, valued at $3,509,362.50. This represents a 1.52 % increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is accessible through this link. Insiders own 1.56% of the company’s stock.

Institutional Investors Weigh In On Coeur Mining

A number of hedge funds have recently made changes to their positions in CDE. Vanguard Group Inc. raised its stake in Coeur Mining by 8.5% during the 4th quarter. Vanguard Group Inc. now owns 40,700,218 shares of the basic materials company’s stock valued at $232,805,000 after acquiring an additional 3,178,785 shares in the last quarter. Dimensional Fund Advisors LP increased its holdings in shares of Coeur Mining by 1.7% during the fourth quarter. Dimensional Fund Advisors LP now owns 17,157,325 shares of the basic materials company’s stock valued at $98,137,000 after purchasing an additional 282,885 shares during the period. Tidal Investments LLC raised its stake in shares of Coeur Mining by 11.1% during the fourth quarter. Tidal Investments LLC now owns 13,343,775 shares of the basic materials company’s stock valued at $76,326,000 after purchasing an additional 1,332,684 shares in the last quarter. Geode Capital Management LLC lifted its holdings in Coeur Mining by 1.0% in the third quarter. Geode Capital Management LLC now owns 9,146,107 shares of the basic materials company’s stock worth $62,937,000 after purchasing an additional 89,863 shares during the period. Finally, Two Sigma Investments LP grew its position in Coeur Mining by 57.8% in the 4th quarter. Two Sigma Investments LP now owns 7,210,595 shares of the basic materials company’s stock valued at $41,245,000 after buying an additional 2,641,310 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.