Coeur Mining, Inc. (NYSE:CDE) Stock Has Average Target Price of $25.50

Coeur Mining, Inc. (NYSE:CDE) has been assigned a consensus rating of “Moderate Buy” from the thirteen research firms that are covering the company, MarketBeat.com reports. Three analysts have rated the stock with a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the company. The average 12 month price target among brokerages that have updated their coverage on the stock in the last year is $25.50.

Several equities analysts recently commented on CDE shares. Zacks Research upgraded Coeur Mining from a “strong sell” rating to a “hold” rating in a research note on Monday, August 17th. Scotiabank decreased their price target on Coeur Mining from $28.50 to $26.50 and set an “outperform” rating on the stock in a research note on Friday, August 7th. Weiss Ratings raised Coeur Mining from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Thursday, October 8th. Finally, Roth Capital set a $19.00 price target on Coeur Mining in a report on Friday, August 7th.

Coeur Mining Trading Down 0.0%

Shares of Coeur Mining stock opened at $15.47 on Friday. Coeur Mining has a fifty-two week low of $13.55 and a fifty-two week high of $27.77. The firm has a market cap of $15.90 billion, a PE ratio of 13.22 and a beta of 1.37. The business’s fifty day moving average is $19.18 and its two-hundred day moving average is $18.08. The company has a quick ratio of 2.44, a current ratio of 3.65 and a debt-to-equity ratio of 0.07.

Coeur Mining (NYSE:CDE) last posted its quarterly earnings data on Wednesday, August 5th. The basic materials company reported $0.12 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.26 by ($0.14). The business had revenue of $1.09 billion for the quarter, compared to analyst estimates of $1.24 billion. Coeur Mining had a return on equity of 11.03% and a net margin of 26.82%. Coeur Mining’s revenue for the quarter was up 125.8% compared to the same quarter last year. During the same quarter last year, the business earned $0.20 EPS. Analysts anticipate that Coeur Mining will post 0.88 earnings per share for the current year.

Insider Transactions at Coeur Mining

In other news, Director J. Kenneth Thompson sold 25,000 shares of the stock in a transaction dated Wednesday, August 19th. The shares were sold at an average price of $20.77, for a total transaction of $519,250.00. Following the transaction, the director directly owned 257,333 shares in the company, valued at $5,344,806.41. This represents a 8.85% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP Casey Nault sold 10,000 shares of the firm’s stock in a transaction that occurred on Wednesday, August 19th. The stock was sold at an average price of $20.00, for a total transaction of $200,000.00. Following the completion of the sale, the executive vice president directly owned 540,086 shares in the company, valued at $10,801,720. This represents a 1.82% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 51,000 shares of company stock worth $1,055,070 in the last three months. Company insiders own 0.90% of the company’s stock.

Hedge Funds Weigh In On Coeur Mining

A number of large investors have recently bought and sold shares of CDE. IFP Advisors Inc grew its stake in Coeur Mining by 77.1% during the third quarter. IFP Advisors Inc now owns 7,357 shares of the basic materials company’s stock worth $129,000 after buying an additional 3,202 shares during the period. Elevated Financial Group LLC increased its position in shares of Coeur Mining by 15.0% in the third quarter. Elevated Financial Group LLC now owns 34,934 shares of the basic materials company’s stock worth $615,000 after acquiring an additional 4,551 shares in the last quarter. BFI Infinity Ltd. purchased a new position in shares of Coeur Mining in the 3rd quarter valued at $847,000. V Square Quantitative Management LLC purchased a new position in shares of Coeur Mining in the 3rd quarter valued at $54,000. Finally, Assenagon Asset Management S.A. raised its stake in shares of Coeur Mining by 68.6% in the 3rd quarter. Assenagon Asset Management S.A. now owns 655,645 shares of the basic materials company’s stock valued at $11,539,000 after acquiring an additional 266,815 shares during the period. Hedge funds and other institutional investors own 63.01% of the company’s stock.

About Coeur Mining

Coeur Mining, Inc is a precious metals mining company headquartered in Chicago, Illinois. The company explores for, develops, and operates mines that produce gold and silver, with its activities focused primarily in North America.

Coeur’s operating portfolio includes the Rochester gold and silver mine in Nevada, the Wharf gold mine in South Dakota, the Kensington gold mine in Alaska, and the Las Chispas silver and gold operation in Sonora, Mexico. The company also maintains exploration and development interests in additional mineral properties.

Founded in 1928, Coeur Mining has grown through the development and acquisition of precious metals assets.