Coeur Mining, Inc. (NYSE:CDE) Receives Average Rating of “Moderate Buy” from Analysts

Coeur Mining, Inc. (NYSE:CDE) has been given an average rating of “Moderate Buy” by the fourteen research firms that are presently covering the company, MarketBeat.com reports. One analyst has rated the stock with a sell rating, three have assigned a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the company. The average 1 year 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 recent research reports. Cantor Fitzgerald cut shares of Coeur Mining from a “buy” rating to a “hold” rating and set a $19.00 target price for the company. in a report on Thursday, May 7th. Roth Capital set a $19.00 target price on shares of Coeur Mining in a research report on Friday. Weiss Ratings reiterated a “hold (c+)” rating on shares of Coeur Mining in a research note on Wednesday, June 24th. Zacks Research cut shares of Coeur Mining from a “hold” rating to a “strong sell” rating in a research report on Friday, July 10th. Finally, Scotiabank restated an “outperform” rating and set a $26.50 price objective on shares of Coeur Mining in a research note on Friday.

Insider Transactions at Coeur Mining

In related news, CAO Kenneth J. Watkinson sold 39,000 shares of the stock in a transaction that occurred on Monday, June 1st. The stock was sold at an average price of $18.60, for a total transaction of $725,400.00. Following the completion of the transaction, the chief accounting officer directly owned 77,204 shares of the company’s stock, valued at approximately $1,435,994.40. This represents a 33.56% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 0.90% of the company’s stock.

Institutional Investors Weigh In On Coeur Mining

Institutional investors and hedge funds have recently made changes to their positions in the stock. Versant Capital Management Inc grew its stake in shares of Coeur Mining by 105.0% in the second quarter. Versant Capital Management Inc now owns 1,601 shares of the basic materials company’s stock valued at $26,000 after buying an additional 820 shares in the last quarter. Triumph Capital Management increased its holdings in Coeur Mining by 300.0% during the fourth quarter. Triumph Capital Management now owns 1,600 shares of the basic materials company’s stock worth $29,000 after buying an additional 1,200 shares during the last quarter. EverSource Wealth Advisors LLC raised its position in Coeur Mining by 74.2% during the second quarter. EverSource Wealth Advisors LLC now owns 3,368 shares of the basic materials company’s stock worth $30,000 after acquiring an additional 1,435 shares in the last quarter. Kingdom Financial Group LLC. bought a new stake in Coeur Mining during the fourth quarter worth $32,000. Finally, Kemnay Advisory Services Inc. acquired a new stake in Coeur Mining in the fourth quarter valued at $33,000. Institutional investors own 63.01% of the company’s stock.

Coeur Mining Trading Up 11.3%

NYSE CDE opened at $17.41 on Friday. Coeur Mining has a 52 week low of $10.92 and a 52 week high of $27.77. The company has a debt-to-equity ratio of 0.07, a quick ratio of 2.14 and a current ratio of 3.65. The stock’s 50 day moving average price is $16.37 and its two-hundred day moving average price is $19.17. The stock has a market capitalization of $17.90 billion, a price-to-earnings ratio of 14.88 and a beta of 1.32.

Coeur Mining (NYSE:CDE) last issued its quarterly 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 business had revenue of $1.09 billion for the quarter, compared to the consensus estimate of $1.24 billion. During the same period in the prior year, the business earned $0.20 earnings per share. Coeur Mining’s revenue was up 125.8% compared to the same quarter last year. As a group, analysts anticipate that Coeur Mining will post 1.21 earnings per share for the current fiscal year.

Coeur Mining Dividend Announcement

The business also recently announced a dividend, which was paid on Wednesday, June 10th. Investors of record on Friday, May 22nd were given a $0.02 dividend. The ex-dividend date of this dividend was Friday, May 22nd. This represents a dividend yield of 23.0%. Coeur Mining’s payout ratio is currently 3.42%.

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.