Coeur Mining, Inc. (NYSE:CDE) Receives $8.75 Average Price Target from Brokerages

Coeur Mining, Inc. (NYSE:CDE - Get Free Report) has been assigned a consensus rating of "Buy" from the nine ratings firms that are presently covering the stock, MarketBeat Ratings reports. Six equities research analysts have rated the stock with a buy rating and three have given a strong buy rating to the company. The average 12-month price objective among brokers that have issued a report on the stock in the last year is $9.21.

Several research analysts have recently issued reports on CDE shares. National Bankshares set a $12.00 target price on shares of Coeur Mining in a report on Friday, June 13th. Raymond James Financial reissued an "outperform" rating and issued a $8.50 price target on shares of Coeur Mining in a report on Wednesday, April 2nd. National Bank Financial raised shares of Coeur Mining to a "strong-buy" rating in a research note on Thursday, June 12th. Roth Capital reiterated a "buy" rating and set a $12.00 target price (up from $10.00) on shares of Coeur Mining in a report on Tuesday. Finally, TD Cowen upgraded Coeur Mining to a "strong-buy" rating in a report on Tuesday, March 11th.

Coeur Mining Trading Up 1.1%

Shares of CDE traded up $0.10 during trading hours on Friday, hitting $8.96. The company had a trading volume of 9,867,617 shares, compared to its average volume of 13,178,614. Coeur Mining has a 52-week low of $4.57 and a 52-week high of $9.69. The company has a quick ratio of 0.62, a current ratio of 1.93 and a debt-to-equity ratio of 0.17. The stock's 50 day moving average price is $7.85 and its 200 day moving average price is $6.66. The firm has a market cap of $5.73 billion, a P/E ratio of 34.46 and a beta of 1.32.

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, topping the consensus estimate of ($0.01) by $0.12. Coeur Mining had a return on equity of 9.96% and a net margin of 10.11%. During the same quarter last year, the business posted ($0.05) EPS. The company's quarterly revenue was up 69.0% compared to the same quarter last year. On average, research analysts predict that Coeur Mining will post 0.58 EPS for the current year.

Insider Activity

In other news, CAO Kenneth J. Watkinson sold 12,350 shares of the stock in a transaction that occurred on Friday, May 9th. The stock was sold at an average price of $7.40, for a total value of $91,390.00. Following the completion of the transaction, the chief accounting officer owned 122,104 shares of the company's stock, valued at approximately $903,569.60. This represents a 9.19% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Pierre Beaudoin sold 60,551 shares of Coeur Mining stock in a transaction that occurred on Friday, May 9th. The shares were sold at an average price of $7.30, for a total value of $442,022.30. Following the sale, the director owned 188,362 shares in the company, valued at $1,375,042.60. This represents a 24.33% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 90,061 shares of company stock valued at $667,775. Corporate insiders own 1.56% of the company's stock.

Hedge Funds Weigh In On Coeur Mining

A number of institutional investors have recently added to or reduced their stakes in the company. MAI Capital Management bought a new stake in shares of Coeur Mining during the 1st quarter valued at $25,000. Summer Road LLC purchased a new position in Coeur Mining during the 1st quarter valued at about $28,000. City State Bank boosted its stake in Coeur Mining by 56.9% during the first quarter. City State Bank now owns 6,274 shares of the basic materials company's stock worth $37,000 after acquiring an additional 2,274 shares in the last quarter. Quarry LP boosted its stake in Coeur Mining by 853.8% during the fourth quarter. Quarry LP now owns 6,667 shares of the basic materials company's stock worth $38,000 after acquiring an additional 5,968 shares in the last quarter. Finally, Optiver Holding B.V. grew its holdings in Coeur Mining by 150.5% in the fourth 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 during the period. Institutional investors own 63.01% of the company's stock.

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.