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

Shares of Coeur Mining, Inc. (NYSE:CDE - Get Free Report) have been given an average rating of "Buy" by the eight ratings firms that are presently covering the stock, Marketbeat.com 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 twelve-month price target among brokerages that have issued a report on the stock in the last year is $8.10.

Several equities research analysts recently issued reports on the company. BMO Capital Markets initiated coverage on Coeur Mining in a research note on Tuesday, February 18th. They issued an "outperform" rating and a $9.00 price target for the company. TD Cowen upgraded Coeur Mining to a "strong-buy" rating in a research report on Tuesday, March 11th. Raymond James reiterated an "outperform" rating and set a $8.50 price objective on shares of Coeur Mining in a research note on Wednesday, April 2nd. Cormark upgraded shares of Coeur Mining to a "moderate buy" rating in a research report on Thursday, February 20th. Finally, Roth Mkm cut their target price on Coeur Mining from $8.50 to $8.25 and set a "buy" rating for the company in a research note on Friday, February 21st.

Insider Buying and Selling at Coeur Mining

In related news, CFO Thomas S. Whelan acquired 10,000 shares of the firm's stock in a transaction that occurred on Wednesday, February 26th. The stock was acquired at an average cost of $5.25 per share, for a total transaction of $52,500.00. Following the completion of the acquisition, the chief financial officer now directly owns 668,450 shares of the company's stock, valued at approximately $3,509,362.50. This trade represents a 1.52 % increase in their position. The acquisition was disclosed in a filing with the SEC, which is available at the SEC website. Corporate insiders own 1.50% of the company's stock.

Institutional Trading of Coeur Mining

A number of institutional investors have recently bought and sold shares of the company. Barclays PLC boosted its position in shares of Coeur Mining by 59.2% during the 3rd quarter. Barclays PLC now owns 962,652 shares of the basic materials company's stock worth $6,624,000 after purchasing an additional 358,097 shares in the last quarter. Virtu Financial LLC acquired a new stake in Coeur Mining in the third quarter valued at approximately $119,000. JPMorgan Chase & Co. grew its stake in Coeur Mining by 88.3% in the third quarter. JPMorgan Chase & Co. now owns 1,418,716 shares of the basic materials company's stock valued at $9,761,000 after acquiring an additional 665,452 shares during the period. GAMMA Investing LLC increased its holdings in shares of Coeur Mining by 139.8% during the fourth quarter. GAMMA Investing LLC now owns 5,761 shares of the basic materials company's stock valued at $33,000 after acquiring an additional 3,359 shares in the last quarter. Finally, FNY Investment Advisers LLC bought a new position in shares of Coeur Mining in the 4th quarter worth $57,000. Institutional investors own 63.01% of the company's stock.

Coeur Mining Stock Performance

CDE traded up $0.88 during trading on Friday, hitting $7.85. The stock had a trading volume of 29,929,871 shares, compared to its average volume of 12,037,686. The company has a debt-to-equity ratio of 0.50, a current ratio of 0.83 and a quick ratio of 0.39. The company has a 50 day moving average price of $5.84 and a 200-day moving average price of $6.15. Coeur Mining has a one year low of $4.57 and a one year high of $7.85. The firm has a market cap of $5.02 billion, a price-to-earnings ratio of 65.42 and a beta of 1.24.

Coeur Mining (NYSE:CDE - Get Free Report) last released its quarterly earnings results on Wednesday, May 7th. The basic materials company reported $0.11 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%. During the same period in the prior year, the firm earned ($0.05) EPS. Coeur Mining's quarterly revenue was up 69.0% on a year-over-year basis. As a group, research analysts predict that Coeur Mining will post 0.58 EPS for the current year.

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.