Coeur Mining (CDE) Receives $9.80 Consensus Target Price from Analysts

Shares of Coeur Mining (NYSE:CDE) have been assigned a consensus rating of “Hold” from the ten brokerages that are currently covering the company, Marketbeat.com reports. Three equities research analysts have rated the stock with a sell rating, two have given a hold rating and five have given a buy rating to the company. The average 12-month price target among brokerages that have covered the stock in the last year is $9.80.

Several equities analysts have recently weighed in on CDE shares. Zacks Investment Research upgraded Coeur Mining from a “strong sell” rating to a “hold” rating in a report on Tuesday, January 2nd. Noble Financial restated a “hold” rating on shares of Coeur Mining in a report on Thursday, January 11th. ValuEngine cut Coeur Mining from a “hold” rating to a “sell” rating in a report on Friday, February 2nd. BMO Capital Markets set a $9.50 price objective on Coeur Mining and gave the company a “buy” rating in a report on Friday, February 9th. Finally, Canaccord Genuity cut Coeur Mining from a “buy” rating to a “hold” rating and raised their price objective for the company from $7.86 to $8.50 in a report on Tuesday, March 6th.

In related news, COO Frank L. Jr. Hanagarne sold 5,267 shares of the firm’s stock in a transaction dated Wednesday, April 11th. The shares were sold at an average price of $8.50, for a total value of $44,769.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Peter C. Mitchell sold 10,000 shares of the firm’s stock in a transaction dated Monday, February 26th. The shares were sold at an average price of $7.97, for a total transaction of $79,700.00. The disclosure for this sale can be found here. Insiders sold a total of 25,267 shares of company stock valued at $205,970 over the last quarter. 1.32% of the stock is currently owned by company insiders.

A number of large investors have recently modified their holdings of the stock. Dimensional Fund Advisors LP raised its position in shares of Coeur Mining by 29.5% in the third quarter. Dimensional Fund Advisors LP now owns 6,029,110 shares of the basic materials company’s stock valued at $55,408,000 after buying an additional 1,374,250 shares in the last quarter. Donald Smith & CO. Inc. raised its position in shares of Coeur Mining by 26.7% in the fourth quarter. Donald Smith & CO. Inc. now owns 6,250,212 shares of the basic materials company’s stock valued at $46,877,000 after buying an additional 1,316,002 shares in the last quarter. SG Americas Securities LLC acquired a new stake in shares of Coeur Mining in the third quarter valued at approximately $266,000. Investec Asset Management LTD raised its position in shares of Coeur Mining by 8.4% in the fourth quarter. Investec Asset Management LTD now owns 3,659,068 shares of the basic materials company’s stock valued at $27,443,000 after buying an additional 284,031 shares in the last quarter. Finally, New York State Common Retirement Fund raised its position in shares of Coeur Mining by 17.3% in the third quarter. New York State Common Retirement Fund now owns 220,347 shares of the basic materials company’s stock valued at $2,025,000 after buying an additional 32,447 shares in the last quarter. Institutional investors and hedge funds own 75.74% of the company’s stock.

CDE stock traded up $0.06 during trading hours on Thursday, reaching $8.32. 981,024 shares of the stock were exchanged, compared to its average volume of 3,290,009. The stock has a market cap of $1,622.62, a PE ratio of 410.00 and a beta of 0.54. The company has a current ratio of 1.97, a quick ratio of 1.39 and a debt-to-equity ratio of 0.47. Coeur Mining has a 12 month low of $6.71 and a 12 month high of $9.98.

Coeur Mining (NYSE:CDE) last announced its quarterly earnings data on Wednesday, February 7th. The basic materials company reported $0.08 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.08. The company had revenue of $214.60 million during the quarter, compared to analysts’ expectations of $228.64 million. Coeur Mining had a positive return on equity of 1.51% and a negative net margin of 0.17%. Coeur Mining’s revenue for the quarter was up 54.2% compared to the same quarter last year. During the same quarter last year, the company earned $0.34 EPS. analysts forecast that Coeur Mining will post 0.07 earnings per share for the current fiscal year.

TRADEMARK VIOLATION WARNING: This piece of content was originally reported by Markets Daily and is the sole property of of Markets Daily. If you are accessing this piece of content on another website, it was illegally copied and reposted in violation of international trademark & copyright laws. The original version of this piece of content can be accessed at https://www.themarketsdaily.com/2018/04/24/coeur-mining-cde-receives-9-80-consensus-target-price-from-analysts.html.

Coeur Mining Company Profile

Coeur Mining, Inc owns, operates, explores for, and develops silver and gold properties. It holds interests in the Palmarejo silver-gold complex located in Mexico; the Silvertip silver-zinc-lead mine located in British Columbia; the Rochester silver-gold mine located in Nevada; the Kensington gold mine located in Alaska; and the Wharf gold mine located in South Dakota.

Analyst Recommendations for Coeur Mining (NYSE:CDE)

Receive News & Ratings for Coeur Mining Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Coeur Mining and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply