Analysts Set Coeur Mining, Inc. (NYSE:CDE) PT at $8.75

Shares of Coeur Mining, Inc. (NYSE:CDE - Get Free Report) have received an average rating of "Buy" from the eight analysts that are currently covering the stock, Marketbeat Ratings reports. Five research analysts have rated the stock with a buy recommendation and three have issued a strong buy recommendation on the company. The average 1 year price target among brokerages that have updated their coverage on the stock in the last year is $8.75.

Several equities analysts have recently commented on CDE shares. TD Securities initiated coverage on Coeur Mining in a research report on Tuesday, March 11th. They issued a "buy" rating and a $7.00 price objective on the stock. 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 report on Thursday, June 12th. TD Cowen upgraded shares of Coeur Mining to a "strong-buy" rating in a research report on Tuesday, March 11th. Finally, National Bankshares set a $12.00 target price on shares of Coeur Mining in a research report on Friday, June 13th.

Insider Activity

In other Coeur Mining news, CAO Kenneth J. Watkinson sold 12,350 shares of the company's stock in a transaction that occurred on Friday, May 9th. The stock was sold at an average price of $7.40, for a total transaction of $91,390.00. Following the sale, the chief accounting officer now directly owns 122,104 shares in the company, valued at $903,569.60. This represents a 9.19% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, Director Eduardo Luna sold 17,160 shares of Coeur Mining stock in a transaction that occurred on Wednesday, May 21st. The stock was sold at an average price of $7.83, for a total value of $134,362.80. Following the completion of the transaction, the director now owns 101,841 shares of the company's stock, valued at approximately $797,415.03. This trade represents a 14.42% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 90,061 shares of company stock worth $667,775. 1.50% of the stock is currently owned by insiders.

Institutional Trading of Coeur Mining

Several hedge funds and other institutional investors have recently bought and sold shares of CDE. Vanguard Group Inc. boosted its stake in Coeur Mining by 57.3% during the first quarter. Vanguard Group Inc. now owns 64,003,856 shares of the basic materials company's stock worth $378,903,000 after buying an additional 23,303,638 shares during the period. Dimensional Fund Advisors LP lifted its holdings in shares of Coeur Mining by 26.8% in the 1st quarter. Dimensional Fund Advisors LP now owns 21,751,422 shares of the basic materials company's stock worth $128,774,000 after acquiring an additional 4,594,097 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in shares of Coeur Mining by 72.5% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 18,040,649 shares of the basic materials company's stock worth $106,801,000 after purchasing an additional 7,579,901 shares during the period. Tidal Investments LLC boosted its stake in shares of Coeur Mining by 11.1% during the 4th quarter. Tidal Investments LLC now owns 13,343,775 shares of the basic materials company's stock worth $76,326,000 after purchasing an additional 1,332,684 shares during the period. Finally, Sprott Inc. grew its holdings in Coeur Mining by 889.3% during the 1st quarter. Sprott Inc. now owns 11,324,856 shares of the basic materials company's stock valued at $66,963,000 after purchasing an additional 10,180,102 shares during the last quarter. Hedge funds and other institutional investors own 63.01% of the company's stock.

Coeur Mining Price Performance

NYSE:CDE traded down $0.32 during trading hours on Friday, hitting $8.73. 21,182,732 shares of the stock traded hands, compared to its average volume of 13,159,419. The company has a market cap of $5.58 billion, a price-to-earnings ratio of 33.56 and a beta of 1.31. Coeur Mining has a 1 year low of $4.57 and a 1 year high of $9.69. The stock has a 50 day moving average price of $7.73 and a 200 day moving average price of $6.64. The company has a quick ratio of 0.62, a current ratio of 1.93 and a debt-to-equity ratio of 0.17.

Coeur Mining (NYSE:CDE - Get Free Report) last released its earnings results on Wednesday, May 7th. The basic materials company reported $0.11 earnings per share for the quarter, beating analysts' consensus estimates of ($0.01) by $0.12. Coeur Mining had a net margin of 10.11% and a return on equity of 9.96%. The business's quarterly revenue was up 69.0% compared to the same quarter last year. During the same quarter in the previous year, the business posted ($0.05) EPS. Sell-side analysts forecast that Coeur Mining will post 0.58 EPS for the current fiscal year.

About Coeur Mining

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.