Coeur Mining, Inc. (CDE) - What Are Researchers Saying About This Stock?

Key Points

• Analyst sentiment is moderately positive: Coeur Mining has a “Moderate Buy” consensus from 12 analysts, with a $25.25 average 12-month price target.
• Quarterly results missed expectations: The company reported EPS of $0.10 versus an estimated $0.14 and revenue of $983.62 million versus $1.14 billion expected, though revenue rose 77.4% year over year.
• Insiders have been selling shares: Company insiders sold 51,000 shares worth about $1.06 million over the past 90 days; institutional investors own 63.01% of the stock.

Shares of Coeur Mining, Inc. (NYSE:CDE - Get Free Report) have received a consensus recommendation of "Moderate Buy" from the twelve ratings firms that are covering the company, MarketBeat reports. Three research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company. The average twelve-month target price among analysts that have covered the stock in the last year is $25.25.

CDE has been the topic of a number of analyst reports. Roth Capital set a $19.00 price objective on shares of Coeur Mining in a report on Friday, August 7th. Zacks Research upgraded shares of Coeur Mining from a "strong sell" rating to a "hold" rating in a report on Monday, August 17th. Scotiabank lowered their target price on shares of Coeur Mining from $26.50 to $23.50 and set a "sector outperform" rating for the company in a report on Monday. Needham & Company LLC set a $23.50 price target on shares of Coeur Mining in a research report on Monday. Finally, Weiss Ratings cut shares of Coeur Mining from a "buy (b-)" rating to a "hold (c+)" rating in a report on Tuesday, October 27th.

Insider Buying and Selling at Coeur Mining

In other Coeur Mining news, CFO Thomas Whelan sold 6,000 shares of Coeur Mining stock in a transaction that occurred on Wednesday, August 19th. The shares were sold at an average price of $20.87, for a total transaction of $125,220.00. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP Casey Nault sold 10,000 shares of the business's stock in a transaction that occurred on Tuesday, September 8th. The stock was sold at an average price of $21.06, for a total value of $210,600.00. Following the completion of the transaction, the executive vice president owned 530,086 shares in the company, valued at $11,163,611.16. The trade was a 1.85% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last 90 days, insiders sold 51,000 shares of company stock worth $1,055,070. Insiders own 0.90% of the company's stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the business. Intech Investment Management LLC raised its stake in shares of Coeur Mining by 13.2% during the 3rd quarter. Intech Investment Management LLC now owns 45,508 shares of the basic materials company's stock worth $801,000 after purchasing an additional 5,324 shares during the period. Thoroughbred Financial Services LLC boosted its holdings in shares of Coeur Mining by 5.3% in the 3rd quarter. Thoroughbred Financial Services LLC now owns 16,180 shares of the basic materials company's stock worth $284,000 after buying an additional 814 shares during the last quarter. Hantz Financial Services Inc. grew its position in Coeur Mining by 153.3% during the third quarter. Hantz Financial Services Inc. now owns 69,922 shares of the basic materials company's stock valued at $1,231,000 after buying an additional 42,322 shares during the period. Danske Bank A S grew its position in Coeur Mining by 26.3% during the third quarter. Danske Bank A S now owns 523,200 shares of the basic materials company's stock valued at $9,208,000 after buying an additional 108,800 shares during the period. Finally, Aberdeen Group plc increased its holdings in Coeur Mining by 54.0% during the third quarter. Aberdeen Group plc now owns 26,253 shares of the basic materials company's stock worth $462,000 after buying an additional 9,208 shares during the last quarter. Hedge funds and other institutional investors own 63.01% of the company's stock.

Coeur Mining Stock Up 6.5%

CDE stock opened at $16.48 on Tuesday. The firm has a market capitalization of $16.94 billion, a PE ratio of 18.94 and a beta of 1.46. The company has a quick ratio of 2.44, a current ratio of 3.65 and a debt-to-equity ratio of 0.07. Coeur Mining has a twelve month low of $12.71 and a twelve month high of $27.77. The stock's 50 day moving average is $17.33 and its 200-day moving average is $18.73.

Coeur Mining (NYSE:CDE - Get Free Report) last announced its quarterly earnings results on Wednesday, November 4th. The basic materials company reported $0.10 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.14 by ($0.04). The company had revenue of $983.62 million for the quarter, compared to the consensus estimate of $1.14 billion. Coeur Mining had a return on equity of 8.72% and a net margin of 19.25%. The company's quarterly revenue was up 77.4% compared to the same quarter last year. During the same quarter last year, the company posted $0.23 EPS. Sell-side analysts expect that Coeur Mining will post 0.78 EPS for the current fiscal year.

Coeur Mining Announces Dividend

The company also recently disclosed a dividend, which will be paid on Wednesday, December 16th. Shareholders of record on Monday, November 30th will be paid a $0.02 dividend. The ex-dividend date is Monday, November 30th. This represents a yield of 27.0%. Coeur Mining's dividend payout ratio (DPR) is 4.60%.

About Coeur Mining

Coeur Mining, Inc is a precious metals producer focused on the exploration, development and operation of mines. The company primarily produces silver and gold, with its output also including related metals.

Coeur operates mines in the United States and Mexico. Its portfolio includes silver-and-gold operations as well as gold-focused mines, and the company also conducts exploration to identify and develop mineral resources.

Founded in 1928, Coeur Mining is headquartered in Chicago.

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