Brokerages Set Coeur Mining, Inc. (NYSE:CDE) Target Price at $8.10

Coeur Mining, Inc. (NYSE:CDE - Get Free Report) has been given an average recommendation of "Buy" by the eight brokerages that are currently covering the stock, MarketBeat reports. Five equities research analysts have rated the stock with a buy recommendation and three have issued a strong buy recommendation on the company. The average 12-month price target among brokers that have covered the stock in the last year is $8.10.

A number of equities research analysts have weighed in on the stock. Cormark upgraded shares of Coeur Mining to a "moderate buy" rating in a research report on Thursday, February 20th. BMO Capital Markets initiated coverage on Coeur Mining in a report on Tuesday, February 18th. They issued an "outperform" rating and a $9.00 price objective on the stock. Raymond James reaffirmed an "outperform" rating and issued a $8.50 target price on shares of Coeur Mining in a research report on Wednesday, April 2nd. TD Securities assumed coverage on shares of Coeur Mining in a research report on Tuesday, March 11th. They set a "buy" rating and a $7.00 price target on the stock. Finally, TD Cowen raised shares of Coeur Mining to a "strong-buy" rating in a research note on Tuesday, March 11th.

Coeur Mining Stock Performance

Shares of NYSE CDE traded down $0.23 during mid-day trading on Friday, hitting $7.42. The stock had a trading volume of 7,269,438 shares, compared to its average volume of 12,104,946. The firm has a market cap of $4.74 billion, a PE ratio of 61.11 and a beta of 1.24. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.39 and a current ratio of 0.83. The company has a 50 day moving average of $5.92 and a two-hundred day moving average of $6.16. Coeur Mining has a twelve month low of $4.57 and a twelve month high of $7.85.

Coeur Mining (NYSE:CDE - Get Free Report) last released its quarterly earnings data on Wednesday, May 7th. The basic materials company reported $0.11 earnings per share for the quarter, topping analysts' consensus estimates of ($0.01) by $0.12. Coeur Mining had a net margin of 5.59% and a return on equity of 6.59%. Coeur Mining's revenue for the quarter was up 69.0% compared to the same quarter last year. During the same period last year, the company earned ($0.05) EPS. Research analysts predict that Coeur Mining will post 0.58 EPS for the current fiscal year.

Insiders Place Their Bets

In other Coeur Mining news, Director Pierre Beaudoin sold 60,551 shares of the business's stock in a transaction on Friday, May 9th. The stock was sold at an average price of $7.30, for a total transaction of $442,022.30. Following the sale, the director now directly owns 188,362 shares in the company, valued at approximately $1,375,042.60. The trade was a 24.33% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Thomas S. Whelan purchased 10,000 shares of the company's stock in a transaction dated Wednesday, February 26th. The stock was purchased at an average price of $5.25 per share, with a total value of $52,500.00. Following the transaction, the chief financial officer now owns 668,450 shares of the company's stock, valued at approximately $3,509,362.50. This represents a 1.52% increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders own 1.50% of the company's stock.

Hedge Funds Weigh In On Coeur Mining

Several hedge funds have recently added to or reduced their stakes in the business. Merit Financial Group LLC lifted its holdings in shares of Coeur Mining by 5.4% during the 4th quarter. Merit Financial Group LLC now owns 31,574 shares of the basic materials company's stock worth $181,000 after acquiring an additional 1,607 shares during the period. City State Bank raised its stake in Coeur Mining by 56.9% during the 1st quarter. City State Bank now owns 6,274 shares of the basic materials company's stock valued at $37,000 after acquiring an additional 2,274 shares in the last quarter. State of New Jersey Common Pension Fund D boosted its stake in Coeur Mining by 0.7% during the fourth quarter. State of New Jersey Common Pension Fund D now owns 315,190 shares of the basic materials company's stock valued at $1,803,000 after buying an additional 2,323 shares in the last quarter. Summit Investment Advisors Inc. increased its holdings in shares of Coeur Mining by 6.8% in the fourth quarter. Summit Investment Advisors Inc. now owns 41,333 shares of the basic materials company's stock valued at $236,000 after buying an additional 2,624 shares in the last quarter. Finally, Xponance Inc. lifted its position in shares of Coeur Mining by 10.9% in the 4th quarter. Xponance Inc. now owns 28,712 shares of the basic materials company's stock valued at $164,000 after acquiring an additional 2,811 shares in the last quarter. 63.01% of the stock is currently owned by hedge funds and other institutional investors.

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.