Coeur Mining, Inc. (NYSE:CDE) Receives Average Recommendation of "Buy" from Brokerages

Coeur Mining, Inc. (NYSE:CDE - Get Free Report) has been given an average rating of "Buy" by the eight analysts that are currently covering the firm, MarketBeat reports. Five investment analysts have rated the stock with a buy recommendation and three have issued a strong buy recommendation on the company. The average twelve-month target price among brokerages that have updated their coverage on the stock in the last year is $8.10.

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A number of equities research analysts have issued reports on the stock. Cormark raised shares of Coeur Mining to a "moderate buy" rating in a report on Thursday, February 20th. TD Securities started coverage on shares of Coeur Mining in a research note on Tuesday, March 11th. They issued a "buy" rating and a $7.00 target price on the stock. Raymond James reiterated an "outperform" rating and issued a $8.50 price objective on shares of Coeur Mining in a research report on Wednesday, April 2nd. Roth Mkm lowered their price target on Coeur Mining from $8.50 to $8.25 and set a "buy" rating on the stock in a report on Friday, February 21st. Finally, BMO Capital Markets began coverage on shares of Coeur Mining in a report on Tuesday, February 18th. They issued an "outperform" rating and a $9.00 price target on the stock.

Check Out Our Latest Report on CDE

Coeur Mining Stock Up 21.2 %

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Coeur Mining stock opened at $6.95 on Friday. Coeur Mining has a twelve month low of $4.57 and a twelve month high of $7.72. The company has a quick ratio of 0.39, a current ratio of 0.83 and a debt-to-equity ratio of 0.50. The firm has a 50 day moving average price of $5.78 and a 200-day moving average price of $6.16. The company has a market capitalization of $4.44 billion, a P/E ratio of 57.88 and a beta of 1.24.

Coeur Mining (NYSE:CDE - Get Free Report) last posted its quarterly earnings results on Wednesday, May 7th. The basic materials company reported $0.11 earnings per share for the quarter, topping the consensus estimate of ($0.01) by $0.12. Coeur Mining had a return on equity of 6.59% and a net margin of 5.59%. Coeur Mining's quarterly revenue was up 69.0% compared to the same quarter last year. During the same quarter in the prior year, the business posted ($0.05) earnings per share. As a group, equities analysts predict that Coeur Mining will post 0.58 EPS for the current year.

Insiders Place Their Bets

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In other news, CFO Thomas S. Whelan purchased 10,000 shares of the company's stock in a transaction on Wednesday, February 26th. The stock was acquired at an average price of $5.25 per share, with a total value of $52,500.00. Following the transaction, the chief financial officer now directly owns 668,450 shares of the company's stock, valued at approximately $3,509,362.50. This represents a 1.52 % increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 1.50% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Coeur Mining

Several hedge funds and other institutional investors have recently modified their holdings of CDE. Barclays PLC lifted its stake in Coeur Mining by 59.2% in the third quarter. Barclays PLC now owns 962,652 shares of the basic materials company's stock worth $6,624,000 after acquiring an additional 358,097 shares during the period. Virtu Financial LLC bought a new position in shares of Coeur Mining in the 3rd quarter worth approximately $119,000. JPMorgan Chase & Co. grew its stake in Coeur Mining by 88.3% in the third quarter. JPMorgan Chase & Co. now owns 1,418,716 shares of the basic materials company's stock worth $9,761,000 after purchasing an additional 665,452 shares during the period. GAMMA Investing LLC lifted its position in Coeur Mining by 139.8% during the fourth quarter. GAMMA Investing LLC now owns 5,761 shares of the basic materials company's stock valued at $33,000 after buying an additional 3,359 shares during the period. Finally, FNY Investment Advisers LLC bought a new stake in shares of Coeur Mining during the 4th quarter valued at $57,000. 63.01% of the stock is owned by institutional investors.

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.

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