Brokerages Set Coeur Mining, Inc. (NYSE:CDE) PT at $8.10

Shares of Coeur Mining, Inc. (NYSE:CDE - Get Free Report) have been assigned a consensus recommendation of "Buy" from the eight brokerages that are presently covering the stock, Marketbeat Ratings reports. Five research analysts have rated the stock with a buy rating and three have issued a strong buy rating on the company. The average 12 month price target among brokers that have covered the stock in the last year is $8.10.

A number of equities research analysts have issued reports on CDE shares. TD Cowen raised shares of Coeur Mining to a "strong-buy" rating in a report on Tuesday, March 11th. Raymond James reiterated an "outperform" rating and issued a $8.50 price target on shares of Coeur Mining in a research report on Wednesday, April 2nd. Cormark raised Coeur Mining to a "moderate buy" rating in a report on Thursday, February 20th. Roth Mkm reduced their target price on Coeur Mining from $8.50 to $8.25 and set a "buy" rating for the company in a report on Friday, February 21st. Finally, TD Securities assumed coverage on Coeur Mining in a research report on Tuesday, March 11th. They set a "buy" rating and a $7.00 price target on the stock.

Coeur Mining Stock Performance

Coeur Mining stock traded up $0.18 during midday trading on Tuesday, reaching $8.98. The stock had a trading volume of 14,915,840 shares, compared to its average volume of 18,412,902. Coeur Mining has a 12 month low of $4.57 and a 12 month high of $9.04. The firm's 50-day moving average price is $6.47 and its 200 day moving average price is $6.32. The firm has a market capitalization of $5.74 billion, a PE ratio of 74.84 and a beta of 1.24. The company has a quick ratio of 0.39, a current ratio of 0.83 and a debt-to-equity ratio of 0.50.

Coeur Mining (NYSE:CDE - Get Free Report) last posted its quarterly earnings results on Wednesday, May 7th. The basic materials company reported $0.11 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.01) by $0.12. Coeur Mining had a net margin of 5.59% and a return on equity of 6.59%. The company's revenue was up 69.0% on a year-over-year basis. During the same period last year, the company earned ($0.05) EPS. As a group, research analysts predict that Coeur Mining will post 0.58 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Coeur Mining news, Director Eduardo Luna sold 17,160 shares of Coeur Mining stock in a transaction that occurred on Wednesday, May 21st. The shares were sold at an average price of $7.83, for a total transaction of $134,362.80. Following the completion of the sale, the director now directly owns 101,841 shares in the company, valued at $797,415.03. The trade was a 14.42% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Pierre Beaudoin sold 60,551 shares of the stock in a transaction on Friday, May 9th. The stock was sold at an average price of $7.30, for a total transaction of $442,022.30. Following the completion of the transaction, the director now directly owns 188,362 shares in the company, valued at $1,375,042.60. The trade was a 24.33% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 90,061 shares of company stock worth $667,775 in the last ninety days. 1.50% of the stock is currently owned by insiders.

Institutional Trading of Coeur Mining

A number of hedge funds have recently made changes to their positions in CDE. Rhumbline Advisers increased its stake in Coeur Mining by 44.7% in the first quarter. Rhumbline Advisers now owns 904,652 shares of the basic materials company's stock valued at $5,356,000 after acquiring an additional 279,626 shares during the last quarter. Strs Ohio purchased a new position in shares of Coeur Mining in the 1st quarter worth about $699,000. GK Wealth Management LLC purchased a new position in shares of Coeur Mining in the 1st quarter worth about $113,000. Intech Investment Management LLC increased its position in shares of Coeur Mining by 58.4% during the 1st quarter. Intech Investment Management LLC now owns 269,203 shares of the basic materials company's stock valued at $1,594,000 after purchasing an additional 99,256 shares during the last quarter. Finally, Focus Partners Wealth purchased a new position in shares of Coeur Mining during the 1st quarter valued at about $60,000. 63.01% of the stock is 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.