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

Key Points

• Coeur Mining, Inc. has received an average recommendation of "Buy" from eleven ratings firms, including six buy ratings and three strong buy ratings, with a 12-month price target of $10.79.
• Insider transactions indicate decreased holdings, as senior officials sold a total of 516,619 shares worth over $6.6 million in the last ninety days, with insiders owning only 1.50% of the company's stock.
• During the most recent earnings report, Coeur Mining posted a 116.5% revenue increase year-over-year, with quarterly earnings of $0.20 per share, outperforming analyst expectations of $0.18.

Shares of Coeur Mining, Inc. (NYSE:CDE - Get Free Report) have earned an average recommendation of "Buy" from the eleven ratings firms that are presently covering the stock, Marketbeat.com reports. Two investment analysts have rated the stock with a hold rating, six have issued a buy rating and three have assigned a strong buy rating to the company. The average 12-month price target among analysts that have issued a report on the stock in the last year is $10.7857.

A number of research firms have commented on CDE. Zacks Research raised Coeur Mining to a "hold" rating in a research note on Tuesday, August 12th. Roth Capital set a $20.00 price target on Coeur Mining and gave the company a "buy" rating in a report on Friday. National Bankshares set a $12.00 price target on shares of Coeur Mining in a research report on Friday, June 13th. National Bank Financial raised shares of Coeur Mining to a "strong-buy" rating in a report on Thursday, June 12th. Finally, Weiss Ratings reaffirmed a "hold (c+)" rating on shares of Coeur Mining in a research note on Saturday, September 27th.

Insider Transactions at Coeur Mining

In other news, SVP Aoife Mcgrath sold 8,000 shares of Coeur Mining stock in a transaction on Tuesday, August 12th. The stock was sold at an average price of $11.69, for a total value 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CAO Kenneth J. Watkinson sold 8,000 shares of the business's stock in a transaction on Friday, August 8th. The stock was sold at an average price of $11.62, for a total value of $92,960.00. Following the sale, the chief accounting officer owned 143,007 shares of the company's stock, valued at approximately $1,661,741.34. The trade was a 5.30% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 516,619 shares of company stock worth $6,626,362 over the last ninety days. 1.50% of the stock is currently owned by insiders.

Institutional Trading of Coeur Mining

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Ameritas Investment Partners Inc. lifted its position in Coeur Mining by 1.8% during the 2nd quarter. Ameritas Investment Partners Inc. now owns 65,416 shares of the basic materials company's stock valued at $580,000 after purchasing an additional 1,183 shares during the period. BFI Infinity Ltd. grew its position in shares of Coeur Mining by 3.2% during the 2nd quarter. BFI Infinity Ltd. now owns 43,560 shares of the basic materials company's stock worth $386,000 after buying an additional 1,355 shares during the period. EverSource Wealth Advisors LLC raised its stake in shares of Coeur Mining by 74.2% during the second quarter. EverSource Wealth Advisors LLC now owns 3,368 shares of the basic materials company's stock worth $30,000 after buying an additional 1,435 shares during the last quarter. Janney Montgomery Scott LLC lifted its holdings in Coeur Mining by 7.2% in the second quarter. Janney Montgomery Scott LLC now owns 23,702 shares of the basic materials company's stock valued at $210,000 after buying an additional 1,602 shares during the period. Finally, Plancorp LLC lifted its holdings in Coeur Mining by 0.5% in the first quarter. Plancorp LLC now owns 300,790 shares of the basic materials company's stock valued at $1,781,000 after buying an additional 1,617 shares during the period. 63.01% of the stock is currently owned by institutional investors and hedge funds.

Coeur Mining Stock Performance

NYSE CDE opened at $18.72 on Monday. Coeur Mining has a 1-year low of $4.58 and a 1-year high of $19.49. The company has a 50 day moving average of $13.74 and a 200-day moving average of $9.72. The company has a current ratio of 1.61, a quick ratio of 0.60 and a debt-to-equity ratio of 0.12. The firm has a market cap of $12.03 billion, a price-to-earnings ratio of 50.59 and a beta of 1.23.

Coeur Mining (NYSE:CDE - Get Free Report) last announced its 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. Coeur Mining had a return on equity of 14.38% and a net margin of 13.06%.The business had revenue of $480.65 million for the quarter, compared to the consensus estimate of $438.40 million. During the same period in the previous year, the business earned ($0.01) EPS. Coeur Mining's revenue was up 116.5% compared to the same quarter last year. On average, equities analysts forecast 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.