Analysts Set Coeur Mining, Inc. (NYSE:CDE) Target Price at $10.79

Shares of Coeur Mining, Inc. (NYSE:CDE) have been assigned a consensus recommendation of “Buy” from the ten analysts that are currently covering the company, Marketbeat.com reports. One research analyst has rated the stock with a hold rating, five have assigned a buy rating and four have given a strong buy rating to the company. The average 12 month price target among brokerages that have covered the stock in the last year is $13.5417.

A number of equities research analysts recently commented on CDE shares. National Bankshares set a $12.00 target price on shares of Coeur Mining in a research report on Friday, June 13th. BMO Capital Markets lifted their target price on shares of Coeur Mining from $11.00 to $12.00 and gave the stock an “outperform” rating in a research note on Thursday, August 7th. Raymond James Financial set a $22.00 target price on shares of Coeur Mining and gave the stock an “outperform” rating in a research note on Friday. Weiss Ratings reiterated a “hold (c+)” rating on shares of Coeur Mining in a research note on Wednesday. Finally, Zacks Research upgraded shares of Coeur Mining from a “hold” rating to a “strong-buy” rating in a research note on Tuesday.

Insider Buying and Selling

In related news, SVP Aoife Mcgrath sold 8,000 shares of Coeur Mining stock in a transaction that occurred on Tuesday, August 12th. The shares were sold at an average price of $11.69, for a total value of $93,520.00. Following the completion of the sale, the senior vice president directly owned 203,318 shares in the company, valued at $2,376,787.42. This trade represents a 3.79% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CAO Kenneth J. Watkinson sold 8,000 shares of Coeur Mining stock in a transaction that occurred on Friday, August 8th. The stock was sold at an average price of $11.62, for a total transaction of $92,960.00. Following the completion of the sale, the chief accounting officer owned 143,007 shares of the company’s stock, valued at $1,661,741.34. This trade represents a 5.30% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 516,619 shares of company stock worth $6,626,362 over the last ninety days. Company insiders own 1.50% of the company’s stock.

Institutional Trading of Coeur Mining

Institutional investors and hedge funds have recently bought and sold shares of the business. EverSource Wealth Advisors LLC lifted its stake in Coeur Mining by 74.2% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 3,368 shares of the basic materials company’s stock valued at $30,000 after acquiring an additional 1,435 shares during the period. MAI Capital Management acquired a new stake in Coeur Mining during the 1st quarter valued at approximately $25,000. Luminist Capital LLC acquired a new stake in Coeur Mining during the 2nd quarter valued at approximately $40,000. Summer Road LLC acquired a new stake in Coeur Mining during the 1st quarter valued at approximately $28,000. Finally, USA Financial Formulas acquired a new stake in Coeur Mining during the 3rd quarter valued at approximately $110,000. 63.01% of the stock is currently owned by institutional investors and hedge funds.

Coeur Mining Trading Down 2.3%

NYSE:CDE opened at $19.58 on Monday. Coeur Mining has a 52 week low of $4.58 and a 52 week high of $21.80. The firm has a 50 day moving average of $14.83 and a 200 day moving average of $10.14. The company has a quick ratio of 0.60, a current ratio of 1.61 and a debt-to-equity ratio of 0.12. The stock has a market capitalization of $12.58 billion, a price-to-earnings ratio of 52.92 and a beta of 1.23.

Coeur Mining (NYSE:CDE) last posted its earnings results on Wednesday, August 6th. The basic materials company reported $0.20 EPS for the quarter, beating analysts’ consensus estimates of $0.18 by $0.02. Coeur Mining had a net margin of 13.06% and a return on equity of 14.38%. The company had revenue of $480.65 million during the quarter, compared to analysts’ expectations of $438.40 million. During the same quarter in the prior year, the company posted ($0.01) earnings per share. Coeur Mining’s revenue for the quarter was up 116.5% compared to the same quarter last year. As a group, sell-side analysts anticipate that Coeur Mining will post 0.58 earnings per share for the current fiscal year.

About Coeur Mining

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.