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

Shares of Coeur Mining, Inc. (NYSE:CDE) have earned a consensus recommendation of “Moderate Buy” from the fourteen research firms that are covering the firm, Marketbeat.com reports. Four investment analysts have rated the stock with a hold rating, nine have issued a buy rating and one has issued a strong buy rating on the company. The average 1-year price target among brokerages that have updated their coverage on the stock in the last year is $26.2778.

Several research analysts recently weighed in on CDE shares. ATB Cormark Capital Markets raised shares of Coeur Mining from a “hold” rating to a “moderate buy” rating in a research note on Tuesday, March 24th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Coeur Mining in a research note on Wednesday, June 24th. Roth Capital reiterated a “buy” rating and issued a $25.00 target price on shares of Coeur Mining in a report on Friday, May 8th. Canaccord Genuity Group upgraded shares of Coeur Mining from a “hold” rating to a “buy” rating and set a $26.00 target price on the stock in a report on Wednesday, April 29th. Finally, BMO Capital Markets started coverage on shares of Coeur Mining in a research report on Wednesday, March 25th. They set an “outperform” rating and a $27.00 price target on the stock.

Insider Buying and Selling

In other Coeur Mining news, CAO Kenneth J. Watkinson sold 39,000 shares of Coeur Mining stock in a transaction dated Monday, June 1st. The stock was sold at an average price of $18.60, for a total transaction of $725,400.00. Following the transaction, the chief accounting officer directly owned 77,204 shares in the company, valued at approximately $1,435,994.40. The trade was a 33.56% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 0.90% of the company’s stock.

Institutional Investors Weigh In On Coeur Mining

A number of hedge funds have recently modified their holdings of CDE. Steadtrust LLC lifted its holdings in shares of Coeur Mining by 11.1% during the 2nd quarter. Steadtrust LLC now owns 182,709 shares of the basic materials company’s stock valued at $2,982,000 after purchasing an additional 18,200 shares in the last quarter. Polianta Ltd grew its position in shares of Coeur Mining by 30.5% in the 2nd quarter. Polianta Ltd now owns 114,200 shares of the basic materials company’s stock valued at $1,863,000 after purchasing an additional 26,700 shares during the period. GK Wealth Management LLC bought a new stake in Coeur Mining during the 2nd quarter worth approximately $663,000. GAMMA Investing LLC increased its stake in Coeur Mining by 87.4% during the 2nd quarter. GAMMA Investing LLC now owns 17,160 shares of the basic materials company’s stock worth $280,000 after purchasing an additional 8,003 shares in the last quarter. Finally, Versant Capital Management Inc raised its holdings in Coeur Mining by 105.0% during the 2nd quarter. Versant Capital Management Inc now owns 1,601 shares of the basic materials company’s stock worth $26,000 after buying an additional 820 shares during the period. Institutional investors and hedge funds own 63.01% of the company’s stock.

Coeur Mining Price Performance

Shares of CDE opened at $15.99 on Wednesday. The company has a current ratio of 3.73, a quick ratio of 2.14 and a debt-to-equity ratio of 0.07. Coeur Mining has a 1 year low of $8.56 and a 1 year high of $27.77. The stock has a market cap of $16.54 billion, a P/E ratio of 13.78 and a beta of 1.29. The stock’s 50-day moving average price is $17.50 and its two-hundred day moving average price is $19.72.

Coeur Mining (NYSE:CDE) last posted its earnings results on Wednesday, May 6th. The basic materials company reported $0.36 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.37 by ($0.01). The company had revenue of $856.19 million for the quarter, compared to analyst estimates of $815.59 million. Coeur Mining had a return on equity of 15.38% and a net margin of 31.15%.Coeur Mining’s quarterly revenue was up 137.8% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.11 earnings per share. On average, equities analysts predict that Coeur Mining will post 1.39 earnings per share for the current year.

Coeur Mining Dividend Announcement

The firm also recently disclosed a dividend, which was paid on Wednesday, June 10th. Investors of record on Friday, May 22nd were paid a dividend of $0.02 per share. This represents a yield of 23.0%. The ex-dividend date of this dividend was Friday, May 22nd. Coeur Mining’s dividend payout ratio (DPR) is presently 3.45%.

About Coeur Mining

Coeur Mining, Inc is a publicly traded precious metals mining company headquartered in Chicago, Illinois. The company specializes in the exploration, development and production of silver and gold deposits, with a focus on high-grade underground and open-pit operations. Through a combination of operating mines and advanced exploration projects, Coeur Mining seeks to deliver consistent production of silver and gold bullion while maintaining industry standards for safety, environmental stewardship and cost management.

Coeur Mining’s portfolio includes five principal operating mines and several exploration projects across North America and Australia.