Coeur Mining, Inc. (NYSE:CDE) Receives $8.05 Average Target Price from Analysts

Shares of Coeur Mining, Inc. (NYSE:CDE) have been assigned a consensus rating of “Buy” from the eight research firms that are covering the firm, MarketBeat Ratings reports. Six research analysts have rated the stock with a buy rating and two have issued a strong buy rating on the company. The average 1 year price target among brokerages that have issued a report on the stock in the last year is $8.05.

CDE has been the subject of a number of research reports. BMO Capital Markets initiated coverage on Coeur Mining in a research report on Tuesday, February 18th. They issued an “outperform” rating and a $9.00 price objective for the company. TD Cowen upgraded shares of Coeur Mining to a “strong-buy” rating in a research report on Tuesday, March 11th. Roth Mkm cut their price objective on shares of Coeur Mining from $8.50 to $8.25 and set a “buy” rating on the stock in a report on Friday, February 21st. Raymond James raised shares of Coeur Mining from a “market perform” rating to an “outperform” rating and reduced their price objective for the company from $8.75 to $8.25 in a research note on Friday, February 21st. Finally, TD Securities began coverage on shares of Coeur Mining in a research report on Tuesday, March 11th. They set a “buy” rating and a $7.00 target price for the company.

Coeur Mining Stock Performance

Shares of Coeur Mining stock opened at $6.21 on Thursday. The company has a debt-to-equity ratio of 0.50, a current ratio of 0.83 and a quick ratio of 0.39. The firm has a 50 day simple moving average of $6.17 and a 200 day simple moving average of $6.36. Coeur Mining has a fifty-two week low of $3.36 and a fifty-two week high of $7.72. The firm has a market cap of $3.96 billion, a P/E ratio of 51.71 and a beta of 1.51.

Coeur Mining (NYSE:CDE) last announced its quarterly earnings data on Wednesday, February 19th. The basic materials company reported $0.11 EPS for the quarter, meeting analysts’ consensus estimates of $0.11. The firm had revenue of $305.40 million for the quarter, compared to analyst estimates of $314.32 million. Coeur Mining had a return on equity of 6.59% and a net margin of 5.59%. Sell-side analysts predict that Coeur Mining will post 0.58 earnings per share for the current fiscal year.

Insider Buying and Selling at Coeur Mining

In other news, CFO Thomas S. Whelan purchased 10,000 shares of the firm’s stock in a transaction dated Wednesday, February 26th. The stock was bought at an average price of $5.25 per share, with a total value of $52,500.00. Following the acquisition, the chief financial officer now directly owns 668,450 shares of the company’s stock, valued at approximately $3,509,362.50. This represents a 1.52 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders own 1.56% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. GAMMA Investing LLC raised its position in shares of Coeur Mining by 139.8% during the fourth quarter. GAMMA Investing LLC now owns 5,761 shares of the basic materials company’s stock worth $33,000 after purchasing an additional 3,359 shares during the period. Quarry LP grew its position in shares of Coeur Mining by 853.8% in the 4th quarter. Quarry LP now owns 6,667 shares of the basic materials company’s stock valued at $38,000 after purchasing an additional 5,968 shares during the period. Optiver Holding B.V. increased its stake in Coeur Mining by 150.5% during the 4th quarter. Optiver Holding B.V. now owns 8,160 shares of the basic materials company’s stock worth $47,000 after purchasing an additional 4,903 shares in the last quarter. FNY Investment Advisers LLC acquired a new stake in Coeur Mining during the 4th quarter worth approximately $57,000. Finally, DRW Securities LLC bought a new position in Coeur Mining in the fourth quarter valued at approximately $60,000. 63.01% of the stock is currently owned by institutional investors.

Coeur Mining Company Profile

Coeur Mining, Inc explores for precious metals in the United States, Canada, and Mexico. The company primarily explores for gold, silver, zinc, and lead properties. It markets and sells its concentrates to third-party customers, smelters, under off-take agreements. The company was formerly known as Coeur d'Alene Mines Corporation and changed its name to Coeur Mining, Inc in May 2013.