Coeur Mining, Inc. (NYSE:CDE) Receives $25.50 Consensus Price Target from Brokerages

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

A number of research analysts have recently issued reports on the stock. Cantor Fitzgerald downgraded shares of Coeur Mining from a “buy” rating to a “hold” rating and set a $19.00 price objective on the stock. in a research report on Thursday, May 7th. 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. Zacks Research raised shares of Coeur Mining from a “strong sell” rating to a “hold” rating in a research report on Monday, August 17th. Wall Street Zen downgraded shares of Coeur Mining from a “buy” rating to a “hold” rating in a research note on Saturday, May 9th. Finally, Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Coeur Mining in a report on Wednesday, June 24th.

Coeur Mining Price Performance

Shares of CDE stock opened at $21.24 on Thursday. The stock’s 50-day moving average is $17.13 and its 200 day moving average is $18.86. Coeur Mining has a 1-year low of $12.54 and a 1-year high of $27.77. The company has a debt-to-equity ratio of 0.07, a current ratio of 3.65 and a quick ratio of 2.44. The company has a market cap of $21.83 billion, a P/E ratio of 18.15 and a beta of 1.32.

Coeur Mining (NYSE:CDE) last announced its earnings results on Wednesday, August 5th. The basic materials company reported $0.12 EPS for the quarter, missing analysts’ consensus estimates of $0.26 by ($0.14). The firm had revenue of $1.09 billion during the quarter, compared to the consensus estimate of $1.24 billion. Coeur Mining had a return on equity of 11.03% and a net margin of 26.82%.The business’s revenue for the quarter was up 125.8% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.20 earnings per share. Research analysts predict that Coeur Mining will post 0.86 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, CFO Thomas S. Whelan sold 6,000 shares of the firm’s stock in a transaction on Wednesday, August 19th. The stock was sold at an average price of $20.87, for a total value of $125,220.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director J Kenneth Thompson sold 25,000 shares of the business’s stock in a transaction on Wednesday, August 19th. The stock was sold at an average price of $20.77, for a total value of $519,250.00. Following the transaction, the director owned 257,333 shares in the company, valued at approximately $5,344,806.41. This trade represents a 8.85% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders have sold 80,000 shares of company stock worth $1,569,870. 0.90% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Coeur Mining

Several institutional investors have recently added to or reduced their stakes in the business. ZEGA Investments LLC raised its holdings in shares of Coeur Mining by 4.8% during the second quarter. ZEGA Investments LLC now owns 10,581 shares of the basic materials company’s stock worth $173,000 after purchasing an additional 481 shares during the last quarter. Allworth Financial LP boosted its holdings in Coeur Mining by 20.9% in the fourth quarter. Allworth Financial LP now owns 2,994 shares of the basic materials company’s stock valued at $53,000 after purchasing an additional 517 shares during the last quarter. Grand Central Investment Group boosted its holdings in Coeur Mining by 1.5% in the first quarter. Grand Central Investment Group now owns 40,514 shares of the basic materials company’s stock valued at $760,000 after purchasing an additional 612 shares during the last quarter. Sanctuary Advisors LLC grew its position in Coeur Mining by 7.5% during the 1st quarter. Sanctuary Advisors LLC now owns 11,809 shares of the basic materials company’s stock worth $222,000 after purchasing an additional 820 shares during the period. Finally, Versant Capital Management Inc grew its position in Coeur Mining by 105.0% during the 2nd quarter. Versant Capital Management Inc now owns 1,601 shares of the basic materials company’s stock worth $26,000 after purchasing an additional 820 shares during the period. Institutional investors and hedge funds own 63.01% of the company’s stock.

Coeur Mining Company Profile

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.