Coeur Mining, Inc. (NYSE:CDE) Receives $8.10 Average Price Target from Brokerages

Shares of Coeur Mining, Inc. (NYSE:CDE) have received a consensus rating of “Buy” from the eight analysts that are presently covering the company, MarketBeat reports. Five research analysts have rated the stock with a buy recommendation and three have assigned a strong buy recommendation to the company. The average 12-month price objective among brokerages that have covered the stock in the last year is $8.10.

Several analysts recently commented on the stock. Cormark upgraded shares of Coeur Mining to a “moderate buy” rating in a research note on Thursday, February 20th. Roth Mkm dropped their target price on shares of Coeur Mining from $8.50 to $8.25 and set a “buy” rating for the company in a report on Friday, February 21st. National Bank Financial upgraded shares of Coeur Mining to a “strong-buy” rating in a report on Friday, March 21st. TD Cowen upgraded shares of Coeur Mining to a “strong-buy” rating in a report on Tuesday, March 11th. Finally, BMO Capital Markets began coverage on shares of Coeur Mining in a report on Tuesday, February 18th. They set an “outperform” rating and a $9.00 target price for the company.

Insider Transactions at Coeur Mining

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

Institutional Investors Weigh In On Coeur Mining

Hedge funds and other institutional investors have recently modified their holdings of the company. Barclays PLC boosted its position in shares of Coeur Mining by 59.2% in the third quarter. Barclays PLC now owns 962,652 shares of the basic materials company’s stock worth $6,624,000 after acquiring an additional 358,097 shares during the last quarter. Virtu Financial LLC acquired a new stake in shares of Coeur Mining in the third quarter worth approximately $119,000. JPMorgan Chase & Co. boosted its position in shares of Coeur Mining by 88.3% in the third quarter. JPMorgan Chase & Co. now owns 1,418,716 shares of the basic materials company’s stock worth $9,761,000 after acquiring an additional 665,452 shares during the last quarter. GAMMA Investing LLC boosted its position in shares of Coeur Mining by 139.8% in the fourth quarter. GAMMA Investing LLC now owns 5,761 shares of the basic materials company’s stock worth $33,000 after acquiring an additional 3,359 shares during the last quarter. Finally, FNY Investment Advisers LLC acquired a new stake in shares of Coeur Mining in the fourth quarter worth approximately $57,000. 63.01% of the stock is currently owned by hedge funds and other institutional investors.

Coeur Mining Stock Down 0.1%

Shares of NYSE CDE opened at $7.38 on Friday. 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 has a 52 week low of $4.57 and a 52 week high of $7.85. The firm has a 50-day moving average price of $6.00 and a 200 day moving average price of $6.17. The stock has a market capitalization of $4.72 billion, a price-to-earnings ratio of 61.51 and a beta of 1.24.

Coeur Mining (NYSE:CDE) last announced its quarterly earnings data on Wednesday, May 7th. The basic materials company reported $0.11 EPS for the quarter, beating the consensus estimate of ($0.01) by $0.12. Coeur Mining had a net margin of 5.59% and a return on equity of 6.59%. During the same period in the previous year, the business earned ($0.05) earnings per share. Coeur Mining’s revenue for the quarter was up 69.0% compared to the same quarter last year. Equities 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.