Coeur Mining, Inc. (NYSE:CDE) Stock Has Average Target Price of $25.50

Key Points

• Analyst sentiment is moderately bullish: Thirteen brokerages have a consensus “Moderate Buy” rating on Coeur Mining, with an average 12-month price target of $25.50 versus a reported share price of $15.42.
• Quarterly results fell short of expectations: Coeur reported $0.12 in quarterly EPS, below the $0.26 consensus estimate, while revenue of $1.09 billion missed forecasts of $1.24 billion despite growing 125.8% year over year.
• Institutional ownership is substantial, while insiders have been selling: Institutional investors own 63.01% of the company, with several funds increasing positions, while insiders sold 51,000 shares worth about $1.06 million over the past three months.

Coeur Mining, Inc. (NYSE:CDE - Get Free Report) has received an average recommendation of "Moderate Buy" from the thirteen brokerages that are presently covering the firm, Marketbeat.com reports. Three investment analysts have rated the stock with a hold rating, nine have issued a buy rating and one has given a strong buy rating to the company. The average 12-month price target among brokerages that have issued a report on the stock in the last year is $25.50.

CDE has been the topic of several recent research reports. Roth Capital set a $19.00 target price 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 research report on Monday, August 17th. Scotiabank cut their price target on Coeur Mining from $28.50 to $26.50 and set an "outperform" rating for the company in a research note on Friday, August 7th. Finally, Weiss Ratings raised Coeur Mining from a "hold (c+)" rating to a "buy (b-)" rating in a research report on Thursday, October 8th.

Coeur Mining Price Performance

NYSE:CDE opened at $15.42 on Friday. Coeur Mining has a 52 week low of $13.55 and a 52 week high of $27.77. The firm has a market cap of $15.85 billion, a price-to-earnings ratio of 13.18 and a beta of 1.37. The firm's 50-day simple moving average is $19.22 and its 200 day simple moving average is $18.09. The company has a debt-to-equity ratio of 0.07, a quick ratio of 2.44 and a current ratio of 3.65.

Coeur Mining (NYSE:CDE - Get Free Report) last issued 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 during the quarter, compared to analyst estimates of $1.24 billion. Coeur Mining had a return on equity of 11.03% and a net margin of 26.82%. Coeur Mining's revenue for the quarter was up 125.8% compared to the same quarter last year. During the same quarter last year, the firm earned $0.20 EPS. As a group, sell-side analysts predict that Coeur Mining will post 0.88 earnings per share for the current year.

Insider Buying and Selling at Coeur Mining

In other news, CFO Thomas S. Whelan sold 6,000 shares of the stock in a transaction on Wednesday, August 19th. The stock was sold at an average price of $20.87, for a total transaction of $125,220.00. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, EVP Casey M. Nault sold 10,000 shares of the stock in a transaction on Wednesday, August 19th. The stock was sold at an average price of $20.00, for a total value of $200,000.00. Following the sale, the executive vice president directly owned 540,086 shares in the company, valued at approximately $10,801,720. This trade represents a 1.82% decrease in their ownership of the stock. 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. Insiders sold 51,000 shares of company stock valued at $1,055,070 in the last three months. Corporate 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 stock. Bank of America Corp DE raised its position in shares of Coeur Mining by 83.2% in the 1st 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 buying an additional 2,466,122 shares in the last quarter. Nykredit A S bought a new stake in shares of Coeur Mining during the 2nd quarter worth approximately $2,456,000. Arizona State Retirement System lifted its holdings in shares of Coeur Mining by 68.1% during the 2nd quarter. Arizona State Retirement System now owns 296,611 shares of the basic materials company's stock worth $4,841,000 after acquiring an additional 120,212 shares during the period. Quantinno Capital Management LP lifted its holdings in shares of Coeur Mining by 529.7% during the 1st quarter. Quantinno Capital Management LP now owns 224,300 shares of the basic materials company's stock worth $4,210,000 after acquiring an additional 188,682 shares during the period. Finally, Oakmont Investment Advisors Inc. acquired a new stake in shares of Coeur Mining during the 2nd quarter worth approximately $947,000. Institutional investors and hedge funds own 63.01% of the company's stock.

About Coeur Mining

Coeur Mining, Inc is a precious metals mining company that explores, develops, and operates mines primarily producing gold and silver. The company also conducts related activities, including mineral exploration, project development, processing, and the sale of recovered metals.

Coeur's operating portfolio has included the Kensington gold mine in Alaska, the Wharf gold mine in South Dakota, the Rochester silver-gold mine in Nevada, and the Palmarejo and Las Chispas operations in Mexico.

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