Coeur Mining, Inc. (NYSE:CDE) Receives $25.50 Average PT from Analysts

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

CDE has been the subject of several research analyst reports. Cantor Fitzgerald lowered shares of Coeur Mining from a “buy” rating to a “hold” rating and set a $19.00 price objective for the company. in a research note on Thursday, May 7th. Scotiabank cut their target price on shares of Coeur Mining from $28.50 to $26.50 and set an “outperform” rating on the stock in a research note on Friday, August 7th. Wall Street Zen cut shares of Coeur Mining from a “buy” rating to a “hold” rating in a report on Saturday, May 9th. Roth Capital set a $19.00 price target on shares of Coeur Mining in a research note on Friday, August 7th. Finally, Zacks Research upgraded shares of Coeur Mining from a “strong sell” rating to a “hold” rating in a report on Monday, August 17th.

Coeur Mining Trading Down 1.6%

NYSE CDE opened at $20.80 on Thursday. The stock has a market capitalization of $21.38 billion, a P/E ratio of 17.78 and a beta of 1.32. The business has a 50 day simple moving average of $17.20 and a 200 day simple moving average of $18.82. 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 one year low of $12.54 and a one year high of $27.77.

Coeur Mining (NYSE:CDE) last issued its quarterly earnings results 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 during the quarter, compared to analyst estimates of $1.24 billion. Coeur Mining had a net margin of 26.82% and a return on equity of 11.03%. Coeur Mining’s quarterly revenue was up 125.8% compared to the same quarter last year. During the same period last year, the firm posted $0.20 earnings per share. Research analysts expect that Coeur Mining will post 0.86 earnings per share for the current year.

Insider Activity

In related news, EVP Casey M. Nault sold 10,000 shares of the business’s stock in a transaction dated 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 sale, the executive vice president directly owned 540,086 shares of the company’s stock, valued at $10,801,720. The trade was a 1.82% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director J Kenneth Thompson sold 25,000 shares of the business’s stock in a transaction dated 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 sale, the director directly owned 257,333 shares of the company’s stock, valued at $5,344,806.41. The trade was a 8.85% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 41,000 shares of company stock worth $844,470 in the last three months. Company insiders own 0.90% of the company’s stock.

Institutional Investors Weigh In On Coeur Mining

A number of hedge funds have recently added to or reduced their stakes in the company. AQR Capital Management LLC grew its position in Coeur Mining by 60.2% in the 1st quarter. AQR Capital Management LLC now owns 748,907 shares of the basic materials company’s stock valued at $4,434,000 after purchasing an additional 281,489 shares during the period. Goldman Sachs Group Inc. increased its stake in Coeur Mining by 18.1% during the 1st quarter. Goldman Sachs Group Inc. now owns 8,352,940 shares of the basic materials company’s stock valued at $49,449,000 after purchasing an additional 1,278,110 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its holdings in Coeur Mining by 122.6% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 2,431,244 shares of the basic materials company’s stock worth $14,393,000 after buying an additional 1,339,138 shares during the last quarter. Focus Partners Wealth acquired a new position in Coeur Mining during the first quarter worth $60,000. Finally, Intech Investment Management LLC raised its holdings in Coeur Mining by 58.4% during the first quarter. Intech Investment Management LLC now owns 269,203 shares of the basic materials company’s stock worth $1,594,000 after buying an additional 99,256 shares during the last quarter. Institutional investors and hedge funds own 63.01% of the company’s stock.

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.