Coeur Mining, Inc. (NYSE:CDE) Given Average Recommendation of "Buy" by Brokerages

Key Points

• Analysts have given Coeur Mining, Inc. a consensus rating of "Buy," with an average target price of $9.79, as reported by ten research firms.
• The company recently reported a quarterly earnings of $0.20 EPS, exceeding estimates of $0.18, with revenue increasing by 116.5% compared to the same quarter last year.
• Recent insider selling has been observed, including the sale of 8,000 shares by senior vice president Aoife Mcgrath and 48,362 shares by director Pierre Beaudoin.

Coeur Mining, Inc. (NYSE:CDE - Get Free Report) has been assigned a consensus rating of "Buy" from the ten research firms that are currently covering the firm, MarketBeat reports. One research analyst has rated the stock with a hold rating, six have assigned a buy rating and three have given a strong buy rating to the company. The average 1 year target price among brokers that have covered the stock in the last year is $9.7857.

A number of equities analysts have commented on CDE shares. Roth Capital reaffirmed a "buy" rating and set a $13.00 target price on shares of Coeur Mining in a research note on Thursday, August 7th. National Bankshares set a $12.00 price target on shares of Coeur Mining in a report on Friday, June 13th. National Bank Financial raised shares of Coeur Mining to a "strong-buy" rating in a research report on Thursday, June 12th. Zacks Research upgraded Coeur Mining to a "hold" rating in a report on Tuesday, August 12th. Finally, BMO Capital Markets increased their price objective on Coeur Mining from $11.00 to $12.00 and gave the stock an "outperform" rating in a research report on Thursday, August 7th.

Coeur Mining Stock Up 4.3%

Shares of NYSE:CDE opened at $14.95 on Thursday. The company has a quick ratio of 0.60, a current ratio of 1.61 and a debt-to-equity ratio of 0.12. The business has a fifty day moving average of $10.93 and a two-hundred day moving average of $8.27. The stock has a market cap of $9.61 billion, a P/E ratio of 40.41 and a beta of 1.19. Coeur Mining has a 52-week low of $4.58 and a 52-week high of $14.98.

Coeur Mining (NYSE:CDE - Get Free Report) last posted its quarterly earnings results on Wednesday, August 6th. The basic materials company reported $0.20 EPS for the quarter, topping the consensus estimate of $0.18 by $0.02. The business had revenue of $480.65 million for the quarter, compared to analyst estimates of $438.40 million. Coeur Mining had a return on equity of 14.38% and a net margin of 13.06%.The company's quarterly revenue was up 116.5% compared to the same quarter last year. During the same quarter in the previous year, the firm earned ($0.01) EPS. On average, research analysts expect that Coeur Mining will post 0.58 earnings per share for the current year.

Insider Activity

In related news, SVP Aoife Mcgrath sold 8,000 shares of the firm's stock in a transaction dated Tuesday, August 12th. The stock was sold at an average price of $11.69, for a total transaction of $93,520.00. Following the completion of the sale, the senior vice president directly owned 203,318 shares of the company's stock, valued at approximately $2,376,787.42. This trade represents a 3.79% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Pierre Beaudoin sold 48,362 shares of the stock in a transaction dated Friday, August 8th. The stock was sold at an average price of $11.57, for a total transaction of $559,548.34. Following the transaction, the director directly owned 140,000 shares of the company's stock, valued at approximately $1,619,800. This trade represents a 25.68% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 516,619 shares of company stock worth $6,626,362. 1.50% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Coeur Mining

Several hedge funds have recently bought and sold shares of CDE. Cambridge Investment Research Advisors Inc. boosted its holdings in Coeur Mining by 150.4% during the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 215,707 shares of the basic materials company's stock valued at $1,277,000 after acquiring an additional 129,574 shares during the period. Wealth Enhancement Advisory Services LLC purchased a new position in shares of Coeur Mining in the first quarter valued at approximately $540,000. Allspring Global Investments Holdings LLC grew its holdings in shares of Coeur Mining by 3,091.5% in the first quarter. Allspring Global Investments Holdings LLC now owns 1,021,974 shares of the basic materials company's stock valued at $6,050,000 after purchasing an additional 989,952 shares in the last quarter. Amalgamated Bank grew its holdings in shares of Coeur Mining by 71.0% in the first quarter. Amalgamated Bank now owns 21,544 shares of the basic materials company's stock valued at $128,000 after purchasing an additional 8,943 shares in the last quarter. Finally, Teacher Retirement System of Texas purchased a new stake in Coeur Mining during the 1st quarter worth approximately $813,000. Institutional investors and hedge funds own 63.01% of the company's stock.

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.

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