Coeur Mining, Inc. (NYSE:CDE) Stock Now Rated “Moderate Buy” by Wall Street Analysts

Shares of Coeur Mining, Inc. (NYSE:CDE) have been assigned a consensus rating of “Moderate Buy” from the fourteen ratings firms that are presently covering the firm, MarketBeat Ratings reports. Four investment analysts have rated the stock with a hold recommendation, nine have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12-month target price among brokers that have issued a report on the stock in the last year is $25.50.

A number of research firms have recently issued reports on CDE. Zacks Research upgraded shares of Coeur Mining from a “strong sell” rating to a “hold” rating in a research report on Monday, August 17th. Roth Capital set a $19.00 price target on Coeur Mining in a research note on Friday, August 7th. Scotiabank decreased their price target on Coeur Mining from $28.50 to $26.50 and set an “outperform” rating for the company in a research note on Friday, August 7th. Finally, Weiss Ratings restated a “hold (c+)” rating on shares of Coeur Mining in a report on Monday, September 21st.

Insider Activity

In other news, EVP Casey Nault sold 10,000 shares of the firm’s stock in a transaction on Tuesday, September 8th. The stock was sold at an average price of $21.06, for a total transaction of $210,600.00. Following the completion of the sale, the executive vice president directly owned 530,086 shares of the company’s stock, valued at $11,163,611.16. This trade represents a 1.85% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director J. Kenneth Thompson sold 25,000 shares of the stock in a transaction on Wednesday, August 19th. The shares were sold at an average price of $20.77, for a total value of $519,250.00. Following the completion of the transaction, the director owned 257,333 shares of the company’s stock, valued at $5,344,806.41. This trade represents a 8.85% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders sold 51,000 shares of company stock worth $1,055,070. Insiders own 0.90% of the company’s stock.

Institutional Trading of Coeur Mining

A number of hedge funds have recently made changes to their positions in the stock. Arrowstreet Capital Limited Partnership lifted its position in Coeur Mining by 92.1% in the 1st quarter. Arrowstreet Capital Limited Partnership now owns 27,981,273 shares of the basic materials company’s stock worth $524,669,000 after buying an additional 13,418,041 shares in the last quarter. Geode Capital Management LLC boosted its holdings in shares of Coeur Mining by 3.5% during the 4th quarter. Geode Capital Management LLC now owns 15,586,550 shares of the basic materials company’s stock worth $277,953,000 after buying an additional 524,646 shares during the period. Dimensional Fund Advisors LP grew its position in shares of Coeur Mining by 34.4% in the first quarter. Dimensional Fund Advisors LP now owns 12,872,677 shares of the basic materials company’s stock valued at $241,484,000 after purchasing an additional 3,291,431 shares during the last quarter. Goldman Sachs Group Inc. grew its holdings in Coeur Mining by 92.6% in the 4th quarter. Goldman Sachs Group Inc. now owns 12,502,645 shares of the basic materials company’s stock valued at $222,922,000 after buying an additional 6,012,718 shares during the last quarter. Finally, Jupiter Asset Management Ltd. grew its stake in shares of Coeur Mining by 38.3% in the fourth quarter. Jupiter Asset Management Ltd. now owns 8,537,254 shares of the basic materials company’s stock worth $152,219,000 after acquiring an additional 2,366,413 shares during the last quarter. 63.01% of the stock is owned by hedge funds and other institutional investors.

Coeur Mining Price Performance

Coeur Mining stock opened at $19.24 on Monday. The firm has a 50 day moving average price of $18.80 and a 200 day moving average price of $18.34. Coeur Mining has a 1 year low of $13.55 and a 1 year high of $27.77. The company has a debt-to-equity ratio of 0.07, a quick ratio of 2.44 and a current ratio of 3.65. The company has a market cap of $19.78 billion, a price-to-earnings ratio of 16.45 and a beta of 1.39.

Coeur Mining (NYSE:CDE) last issued its earnings results on Wednesday, August 5th. The basic materials company reported $0.12 earnings per share for the quarter, missing the consensus estimate of $0.26 by ($0.14). Coeur Mining had a return on equity of 11.03% and a net margin of 26.82%.The company had revenue of $1.09 billion during the quarter, compared to analysts’ expectations of $1.24 billion. During the same period in the previous year, the company earned $0.20 EPS. Coeur Mining’s quarterly revenue was up 125.8% on a year-over-year basis. Sell-side analysts predict that Coeur Mining will post 0.9 earnings per share for the current year.

Coeur Mining Company Profile

Coeur Mining, Inc (NYSE: CDE) is a precious metals mining company that explores for, develops, and produces gold and silver. The company’s activities include mine operations, mineral exploration, project development, processing, and the sale of refined or doré metals to commercial customers.

Coeur’s operating and development portfolio has included assets in the United States, Mexico, and Canada. Key operations have included the Rochester silver-gold mine in Nevada, the Kensington gold mine in Alaska, the Wharf gold mine in South Dakota, the Palmarejo silver-gold complex in Chihuahua, Mexico, and the Las Chispas silver-gold operation in Sonora, Mexico.