Coeur Mining, Inc. (NYSE:CDE) Receives Consensus Recommendation of “Buy” from Brokerages

Shares of Coeur Mining, Inc. (NYSE:CDE) have been given a consensus recommendation of “Buy” by the eight brokerages that are currently covering the stock, MarketBeat reports. Five investment analysts have rated the stock with a buy rating and three have assigned a strong buy rating to the company. The average 1 year price objective among analysts that have covered the stock in the last year is $8.10.

A number of analysts recently issued reports on CDE shares. Cormark upgraded shares of Coeur Mining to a “moderate buy” rating in a report on Thursday, February 20th. TD Securities initiated coverage on shares of Coeur Mining in a report on Tuesday, March 11th. They set a “buy” rating and a $7.00 target price on the stock. Roth Mkm dropped their price objective on Coeur Mining from $8.50 to $8.25 and set a “buy” rating for the company in a report on Friday, February 21st. Raymond James reaffirmed an “outperform” rating and issued a $8.50 target price on shares of Coeur Mining in a research report on Wednesday, April 2nd. Finally, TD Cowen raised Coeur Mining to a “strong-buy” rating in a research report on Tuesday, March 11th.

Coeur Mining Price Performance

Shares of NYSE:CDE opened at $7.63 on Friday. The firm has a 50 day simple moving average of $5.92 and a 200 day simple moving average of $6.16. Coeur Mining has a one year low of $4.57 and a one year high of $7.85. The company has a market cap of $4.87 billion, a price-to-earnings ratio of 63.59 and a beta of 1.24. The company has a debt-to-equity ratio of 0.50, a current ratio of 0.83 and a quick ratio of 0.39.

Coeur Mining (NYSE:CDE) last issued its quarterly earnings results on Wednesday, May 7th. The basic materials company reported $0.11 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.01) by $0.12. Coeur Mining had a return on equity of 6.59% and a net margin of 5.59%. During the same quarter in the prior year, the company posted ($0.05) earnings per share. The business’s revenue for the quarter was up 69.0% on a year-over-year basis. Research analysts predict that Coeur Mining will post 0.58 earnings per share for the current fiscal year.

Insider Transactions at Coeur Mining

In other news, CAO Kenneth J. Watkinson sold 12,350 shares of the company’s stock in a transaction on Friday, May 9th. The shares were sold at an average price of $7.40, for a total transaction of $91,390.00. Following the transaction, the chief accounting officer now directly owns 122,104 shares of the company’s stock, valued at $903,569.60. This represents a 9.19% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Pierre Beaudoin sold 60,551 shares of the stock in a transaction dated Friday, May 9th. The shares were sold at an average price of $7.30, for a total transaction of $442,022.30. Following the completion of the sale, the director now directly owns 188,362 shares in the company, valued at approximately $1,375,042.60. The trade was a 24.33% decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 1.50% of the company’s stock.

Institutional Investors Weigh In On Coeur Mining

A number of institutional investors have recently modified their holdings of CDE. Cladis Investment Advisory LLC bought a new stake in shares of Coeur Mining in the 1st quarter worth approximately $95,000. Sand Hill Global Advisors LLC acquired a new position in Coeur Mining during the 1st quarter worth $112,000. Northern Trust Corp lifted its holdings in shares of Coeur Mining by 47.0% during the first quarter. Northern Trust Corp now owns 5,771,064 shares of the basic materials company’s stock worth $34,165,000 after buying an additional 1,844,249 shares during the last quarter. Algert Global LLC grew its position in Coeur Mining by 123.2% during the first quarter. Algert Global LLC now owns 202,710 shares of the basic materials company’s stock worth $1,200,000 after buying an additional 111,874 shares in the last quarter. Finally, Northwest & Ethical Investments L.P. bought a new stake in Coeur Mining in the 1st quarter valued at $499,000. Institutional investors own 63.01% of the company’s stock.

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.