Coeur Mining, Inc. (NYSE:CDE) Receives $9.79 Average Price Target from Analysts

Key Points

• Coeur Mining, Inc. has received a consensus recommendation of "Buy" from ten research firms, with an average 12-month price target of $9.79.
• The company reported Q2 earnings of $0.20 per share, exceeding estimates, and a revenue of $480.65 million, which was significantly higher than expectations.
• Insider transactions include the sale of 181,522 shares worth approximately $1.88 million over the last quarter, indicating some profit-taking by executives.

Shares of Coeur Mining, Inc. (NYSE:CDE - Get Free Report) have been assigned a consensus rating of "Buy" from the ten ratings firms that are presently covering the company, MarketBeat reports. One analyst has rated the stock with a hold rating, six have issued a buy rating and three have issued a strong buy rating on the company. The average 12 month price target among brokers that have issued ratings on the stock in the last year is $9.7857.

CDE has been the topic of several analyst reports. Zacks Research upgraded shares of Coeur Mining to a "hold" rating in a research note on Tuesday, August 12th. National Bank Financial upgraded shares of Coeur Mining to a "strong-buy" rating in a research note on Thursday, June 12th. National Bankshares set a $12.00 price target on shares of Coeur Mining in a research note on Friday, June 13th. Roth Capital restated a "buy" rating and set a $13.00 price objective on shares of Coeur Mining in a research report on Thursday, August 7th. Finally, BMO Capital Markets upped their price target on shares of Coeur Mining from $11.00 to $12.00 and gave the company an "outperform" rating in a report on Thursday, August 7th.

Insider Transactions at Coeur Mining

In other news, Director Pierre Beaudoin sold 48,362 shares of the company's stock in a transaction that occurred on Friday, August 8th. The shares were sold at an average price of $11.57, for a total value of $559,548.34. Following the completion of the sale, the director owned 140,000 shares of the company's stock, valued at approximately $1,619,800. This represents a 25.68% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Eduardo Luna sold 17,160 shares of the company's stock in a transaction that occurred on Wednesday, May 21st. The shares were sold at an average price of $7.83, for a total transaction of $134,362.80. Following the transaction, the director owned 101,841 shares in the company, valued at $797,415.03. The trade was a 14.42% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 181,522 shares of company stock worth $1,882,391. Insiders own 1.56% of the company's stock.

Institutional Investors Weigh In On Coeur Mining

A number of large investors have recently made changes to their positions in CDE. EverSource Wealth Advisors LLC grew its position in Coeur Mining by 74.2% in the second quarter. EverSource Wealth Advisors LLC now owns 3,368 shares of the basic materials company's stock worth $30,000 after acquiring an additional 1,435 shares during the period. MAI Capital Management acquired a new stake in shares of Coeur Mining in the first quarter valued at $25,000. Luminist Capital LLC acquired a new stake in shares of Coeur Mining in the second quarter valued at $40,000. Summer Road LLC acquired a new stake in Coeur Mining in the first quarter valued at $28,000. Finally, City State Bank raised its stake in Coeur Mining by 56.9% in the first quarter. City State Bank now owns 6,274 shares of the basic materials company's stock valued at $37,000 after buying an additional 2,274 shares in the last quarter. 63.01% of the stock is currently owned by hedge funds and other institutional investors.

Coeur Mining Trading Down 4.6%

CDE traded down $0.5460 during midday trading on Friday, reaching $11.2540. 9,771,141 shares of the company's stock traded hands, compared to its average volume of 16,661,695. Coeur Mining has a 52 week low of $4.58 and a 52 week high of $11.97. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.61 and a quick ratio of 0.60. The firm has a fifty day moving average of $9.55 and a two-hundred day moving average of $7.54. The stock has a market capitalization of $7.23 billion, a price-to-earnings ratio of 30.42 and a beta of 1.16.

Coeur Mining (NYSE:CDE - Get Free Report) last issued its quarterly earnings data 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. Coeur Mining had a net margin of 13.06% and a return on equity of 14.38%. The business had revenue of $480.65 million during the quarter, compared to analyst estimates of $438.40 million. During the same period last year, the business posted ($0.01) earnings per share. Coeur Mining's quarterly revenue was up 116.5% compared to the same quarter last year. On average, equities analysts anticipate that Coeur Mining will post 0.58 earnings per share for the current fiscal 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.