Coeur Mining, Inc. (NYSE:CDE) Receives Consensus Rating of "Moderate Buy" from Analysts

Key Points

• Analysts have 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 share price of $19.77.
• Coeur Mining’s latest quarterly results fell short of expectations, reporting $0.12 in adjusted earnings per share versus the $0.26 consensus estimate and revenue of $1.09 billion versus $1.24 billion expected. Revenue nevertheless increased 125.8% year over year.
• Institutional investors own 63.01% of the company and several major funds increased their holdings, while insiders sold 51,000 shares worth approximately $1.06 million over the past 90 days.

Coeur Mining, Inc. (NYSE:CDE - Get Free Report) has been assigned a consensus rating of "Moderate Buy" from the fourteen analysts that are presently covering the firm, MarketBeat.com reports. Four equities research analysts have rated the stock with a hold recommendation, nine have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average 12-month price objective among brokerages that have issued ratings on the stock in the last year is $25.50.

CDE has been the subject of several research reports. Weiss Ratings reissued a "hold (c+)" rating on shares of Coeur Mining in a research report on Wednesday, June 24th. Scotiabank decreased their price target on shares of Coeur Mining from $28.50 to $26.50 and set an "outperform" rating for the company in a research note on Friday, August 7th. Zacks Research upgraded shares of Coeur Mining from a "strong sell" rating to a "hold" rating in a research note on Monday, August 17th. Finally, Roth Capital set a $19.00 target price on Coeur Mining in a report on Friday, August 7th.

Insiders Place Their Bets

In related news, CFO Thomas S. Whelan sold 6,000 shares of the firm's stock in a transaction on Wednesday, August 19th. The shares were sold at an average price of $20.87, for a total value of $125,220.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Director J. Kenneth Thompson sold 25,000 shares of the business's stock in a transaction dated Wednesday, August 19th. The stock was sold at an average price of $20.77, for a total transaction of $519,250.00. Following the transaction, the director owned 257,333 shares in the company, valued at $5,344,806.41. This represents a 8.85% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 51,000 shares of company stock valued at $1,055,070 in the last 90 days. 0.90% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Coeur Mining

Several large investors have recently modified their holdings of CDE. Bank of America Corp DE grew its stake in shares of Coeur Mining by 83.2% in the first quarter. Bank of America Corp DE now owns 5,429,896 shares of the basic materials company's stock valued at $101,919,000 after acquiring an additional 2,466,122 shares in the last quarter. Goldman Sachs Group Inc. lifted its position in Coeur Mining by 92.6% during the fourth quarter. Goldman Sachs Group Inc. now owns 12,502,645 shares of the basic materials company's stock worth $222,922,000 after purchasing an additional 6,012,718 shares during the period. Norges Bank acquired a new stake in Coeur Mining during the fourth quarter worth about $128,389,000. Quantinno Capital Management LP increased its holdings in Coeur Mining by 529.7% in the 1st quarter. Quantinno Capital Management LP now owns 224,300 shares of the basic materials company's stock valued at $4,210,000 after buying an additional 188,682 shares during the period. Finally, Allspring Global Investments Holdings LLC increased its holdings in Coeur Mining by 81.5% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 3,681,172 shares of the basic materials company's stock valued at $69,896,000 after buying an additional 1,653,323 shares during the period. 63.01% of the stock is owned by institutional investors.

Coeur Mining Stock Up 0.0%

Shares of Coeur Mining stock opened at $19.77 on Monday. Coeur Mining has a 1 year low of $13.55 and a 1 year high of $27.77. The business has a 50-day moving average of $18.38 and a two-hundred day moving average of $18.47. The company has a market capitalization of $20.32 billion, a P/E ratio of 16.89 and a beta of 1.39. 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 released its quarterly earnings data on Wednesday, August 5th. The basic materials company reported $0.12 earnings per share for the quarter, missing the consensus estimate of $0.26 by ($0.14). The business had revenue of $1.09 billion for the quarter, compared to the consensus estimate of $1.24 billion. Coeur Mining had a net margin of 26.82% and a return on equity of 11.03%. The company's revenue for the quarter was up 125.8% on a year-over-year basis. During the same quarter last year, the firm earned $0.20 EPS. As a group, equities analysts predict that Coeur Mining will post 0.9 EPS for the current year.

About Coeur Mining

Coeur Mining, Inc NYSE: CDE is a precious metals mining company that explores for, develops, and produces gold and silver. The company's activities include mine operations, mineral exploration, project development, processing, and the sale of refined or doré metals to commercial customers.

Coeur's operating and development portfolio has included assets in the United States, Mexico, and Canada. Key operations have included the Rochester silver-gold mine in Nevada, the Kensington gold mine in Alaska, the Wharf gold mine in South Dakota, the Palmarejo silver-gold complex in Chihuahua, Mexico, and the Las Chispas silver-gold operation in Sonora, Mexico.

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