Coeur Mining, Inc. (NYSE:CDE) Given Consensus Rating of "Moderate Buy" by Brokerages

Key Points

• Analysts hold a “Moderate Buy” consensus on Coeur Mining, with nine buy ratings, four holds and one strong buy. The average 12-month price target is $25.50, above the reported $21.43 share price.
• Coeur Mining’s latest quarter showed strong year-over-year revenue growth of 125.8% to $1.09 billion, but earnings of $0.12 per share missed the $0.26 analyst consensus.
• Insiders sold 80,000 shares worth approximately $1.57 million over the past 90 days, while institutional investors own 63.01% of the company.

Coeur Mining, Inc. (NYSE:CDE - Get Free Report) has earned a consensus rating of "Moderate Buy" from the fourteen brokerages that are currently covering the company, MarketBeat.com reports. Four equities research analysts have rated the stock with a hold recommendation, nine have given a buy recommendation and one has given a strong buy recommendation to the company. The average 1-year target price among analysts that have covered the stock in the last year is $25.50.

A number of equities analysts have recently issued reports on the stock. Roth Capital set a $19.00 price objective on shares of Coeur Mining in a research note on Friday, August 7th. Zacks Research raised shares of Coeur Mining from a "strong sell" rating to a "hold" rating in a research note on Monday, August 17th. Scotiabank lowered their target price on Coeur Mining from $28.50 to $26.50 and set an "outperform" rating for the company in a report on Friday, August 7th. Weiss Ratings reaffirmed a "hold (c+)" rating on shares of Coeur Mining in a research report on Wednesday, June 24th. Finally, Canaccord Genuity Group upgraded Coeur Mining from a "hold" rating to a "buy" rating and set a $26.00 price target on the stock in a report on Wednesday, April 29th.

Insider Buying and Selling

In related news, CAO Kenneth J. Watkinson sold 39,000 shares of the firm's stock in a transaction dated Monday, June 1st. The stock was sold at an average price of $18.60, for a total transaction of $725,400.00. Following the sale, the chief accounting officer owned 77,204 shares of the company's stock, valued at $1,435,994.40. This trade represents a 33.56% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP Casey M. Nault sold 10,000 shares of Coeur Mining stock in a transaction dated Wednesday, August 19th. The shares were sold at an average price of $20.00, for a total value of $200,000.00. Following the completion of the transaction, the executive vice president owned 540,086 shares in the company, valued at $10,801,720. This trade represents a 1.82% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last 90 days, insiders have sold 80,000 shares of company stock valued at $1,569,870. Company insiders own 0.90% of the company's stock.

Institutional Trading of Coeur Mining

Institutional investors have recently modified their holdings of the company. Versant Capital Management Inc lifted its position in Coeur Mining by 105.0% during the second quarter. Versant Capital Management Inc now owns 1,601 shares of the basic materials company's stock valued at $26,000 after acquiring an additional 820 shares during the last quarter. Ancora Advisors LLC purchased a new position in Coeur Mining in the second quarter worth $26,000. Triumph Capital Management grew its holdings in Coeur Mining by 300.0% in the fourth quarter. Triumph Capital Management now owns 1,600 shares of the basic materials company's stock worth $29,000 after purchasing an additional 1,200 shares during the last quarter. EverSource Wealth Advisors LLC increased its position 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 purchasing an additional 1,435 shares in the last quarter. Finally, Kingdom Financial Group LLC. acquired a new position in shares of Coeur Mining during the fourth quarter worth $32,000. 63.01% of the stock is currently owned by institutional investors.

Coeur Mining Stock Down 0.7%

NYSE:CDE opened at $21.43 on Thursday. Coeur Mining has a 1-year low of $12.05 and a 1-year high of $27.77. The company has a 50-day moving average of $16.96 and a 200 day moving average of $18.84. The firm has a market cap of $22.03 billion, a PE ratio of 18.32 and a beta of 1.32. The company has a debt-to-equity ratio of 0.07, a current ratio of 3.65 and a quick ratio of 2.44.

Coeur Mining (NYSE:CDE - Get Free Report) last posted its earnings results on Wednesday, August 5th. The basic materials company reported $0.12 EPS for the quarter, missing analysts' consensus estimates of $0.26 by ($0.14). Coeur Mining had a net margin of 26.82% and a return on equity of 11.03%. The business had revenue of $1.09 billion for the quarter, compared to analysts' expectations of $1.24 billion. During the same period last year, the business posted $0.20 EPS. The company's revenue for the quarter was up 125.8% on a year-over-year basis. As a group, research analysts anticipate that Coeur Mining will post 0.86 EPS for the current fiscal year.

Coeur Mining Company Profile

Coeur Mining, Inc is a publicly traded precious metals mining company headquartered in Chicago, Illinois. The company specializes in the exploration, development and production of silver and gold deposits, with a focus on high-grade underground and open-pit operations. Through a combination of operating mines and advanced exploration projects, Coeur Mining seeks to deliver consistent production of silver and gold bullion while maintaining industry standards for safety, environmental stewardship and cost management.

Coeur Mining's portfolio includes five principal operating mines and several exploration projects across North America and Australia.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source