Analysts Set Coeur Mining, Inc. (NYSE:CDE) Price Target at $9.21

Coeur Mining, Inc. (NYSE:CDE - Get Free Report) has been assigned a consensus recommendation of "Buy" from the nine ratings firms that are presently covering the stock, Marketbeat Ratings reports. Six research analysts have rated the stock with a buy rating and three have assigned a strong buy rating to the company. The average 1 year price objective among brokers that have covered the stock in the last year is $9.21.

A number of analysts recently issued reports on the company. National Bankshares set a $12.00 price target on Coeur Mining in a research report on Friday, June 13th. Raymond James Financial restated an "outperform" rating and issued a $8.50 price target on shares of Coeur Mining in a research report on Wednesday, April 2nd. National Bank Financial upgraded Coeur Mining to a "strong-buy" rating in a research report on Thursday, June 12th. Finally, Roth Capital restated a "buy" rating and issued a $12.00 price target (up from $10.00) on shares of Coeur Mining in a research report on Tuesday, July 1st.

Coeur Mining Price Performance

Shares of CDE traded down $0.11 during mid-day trading on Wednesday, hitting $9.30. 9,065,669 shares of the stock were exchanged, compared to its average volume of 10,154,668. The company has a market cap of $5.95 billion, a PE ratio of 35.75 and a beta of 1.32. Coeur Mining has a 52-week low of $4.57 and a 52-week high of $9.97. The firm has a 50-day moving average of $8.90 and a two-hundred day moving average of $7.07. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.62 and a current ratio of 1.93.

Coeur Mining (NYSE:CDE - Get Free Report) last issued its quarterly earnings data 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 in the previous year, the business posted ($0.05) EPS. The firm's revenue was up 69.0% compared to the same quarter last year. On average, equities analysts predict that Coeur Mining will post 0.58 earnings per share for the current year.

Insiders Place Their Bets

In other Coeur Mining news, CAO Kenneth J. Watkinson sold 12,350 shares of the stock in a transaction 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 sale, the chief accounting officer owned 122,104 shares in the company, valued at $903,569.60. This trade represents a 9.19% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at 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 value of $442,022.30. Following the completion of the sale, the director owned 188,362 shares in the company, valued at approximately $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 a total of 90,061 shares of company stock worth $667,775 over the last quarter. Company insiders own 1.50% of the company's stock.

Hedge Funds Weigh In On Coeur Mining

Several institutional investors have recently made changes to their positions in the company. Atria Wealth Solutions Inc. purchased a new position in shares of Coeur Mining during the second quarter valued at $339,000. Allspring Global Investments Holdings LLC increased its stake in shares of Coeur Mining by 78.9% during the second quarter. Allspring Global Investments Holdings LLC now owns 1,828,456 shares of the basic materials company's stock valued at $16,401,000 after buying an additional 806,482 shares during the period. Vanguard Personalized Indexing Management LLC increased its stake in shares of Coeur Mining by 25.8% during the second quarter. Vanguard Personalized Indexing Management LLC now owns 42,720 shares of the basic materials company's stock valued at $379,000 after buying an additional 8,749 shares during the period. Abel Hall LLC increased its stake in shares of Coeur Mining by 43.3% during the second quarter. Abel Hall LLC now owns 16,491 shares of the basic materials company's stock valued at $146,000 after buying an additional 4,980 shares during the period. Finally, KLP Kapitalforvaltning AS increased its stake in shares of Coeur Mining by 6.4% during the second quarter. KLP Kapitalforvaltning AS now owns 132,980 shares of the basic materials company's stock valued at $1,178,000 after buying an additional 8,000 shares during the period. Hedge funds and other 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.