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

Coeur Mining, Inc. (NYSE:CDE) has been given an average recommendation of “Moderate Buy” by the thirteen analysts that are currently covering the stock, MarketBeat reports. Three equities research analysts have rated the stock with a hold recommendation, nine have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average twelve-month price target among analysts that have issued ratings on the stock in the last year is $25.50.

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

Coeur Mining Price Performance

Shares of CDE opened at $13.89 on Friday. The company has a market cap of $14.28 billion, a P/E ratio of 11.87 and a beta of 1.37. The stock has a fifty day moving average price of $18.89 and a 200 day moving average price of $17.97. The company has a debt-to-equity ratio of 0.07, a current ratio of 3.65 and a quick ratio of 2.44. Coeur Mining has a 12 month low of $13.55 and a 12 month high of $27.77.

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). The company had revenue of $1.09 billion during 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 quarterly revenue was up 125.8% on a year-over-year basis. During the same period in the prior year, the business earned $0.20 earnings per share. On average, research analysts forecast that Coeur Mining will post 0.88 earnings per share for the current year.

Insider Transactions at Coeur Mining

In related news, EVP Casey Nault sold 10,000 shares of the stock in a transaction that occurred on Wednesday, August 19th. The stock was sold at an average price of $20.00, for a total value of $200,000.00. Following the completion of the transaction, the executive vice president directly owned 540,086 shares of the company’s stock, valued at $10,801,720. This represents a 1.82% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Thomas Whelan sold 6,000 shares of the firm’s stock in a transaction that occurred on Wednesday, August 19th. The shares were sold at an average price of $20.87, for a total value of $125,220.00. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders sold 51,000 shares of company stock worth $1,055,070. Company insiders own 0.90% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the stock. Arrowstreet Capital Limited Partnership raised its holdings in Coeur Mining by 92.1% during the first quarter. Arrowstreet Capital Limited Partnership now owns 27,981,273 shares of the basic materials company’s stock worth $524,669,000 after purchasing an additional 13,418,041 shares in the last quarter. Bank of New York Mellon Corp acquired a new stake in shares of Coeur Mining in the second quarter valued at $104,760,000. Renaissance Technologies LLC boosted its stake in Coeur Mining by 889.6% during the first quarter. Renaissance Technologies LLC now owns 6,870,813 shares of the basic materials company’s stock valued at $128,965,000 after buying an additional 6,176,524 shares in the last quarter. Dimensional Fund Advisors LP boosted its stake in Coeur Mining by 34.4% during 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 buying an additional 3,291,431 shares in the last quarter. Finally, Amundi boosted its stake in Coeur Mining by 107.0% during the first quarter. Amundi now owns 6,164,731 shares of the basic materials company’s stock valued at $115,712,000 after buying an additional 3,186,761 shares in the last quarter. Institutional investors and hedge funds own 63.01% of the company’s stock.

Coeur Mining Company Profile

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.