Coeur Mining, Inc. (NYSE:CDE) Receives Average Rating of “Buy” from Analysts

Coeur Mining, Inc. (NYSE:CDE) has received an average rating of “Buy” from the six research firms that are covering the stock, MarketBeat Ratings reports. Five investment analysts have rated the stock with a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12 month target price among brokers that have issued a report on the stock in the last year is $8.31.

CDE has been the topic of a number of research reports. StockNews.com upgraded shares of Coeur Mining from a “sell” rating to a “hold” rating in a report on Friday, November 8th. Cantor Fitzgerald raised Coeur Mining from a “hold” rating to a “strong-buy” rating in a research report on Thursday, November 7th. BMO Capital Markets initiated coverage on shares of Coeur Mining in a research report on Tuesday, February 18th. They set an “outperform” rating and a $9.00 price objective for the company. Raymond James raised Coeur Mining from a “market perform” rating to an “outperform” rating and lowered their price target for the company from $8.75 to $8.25 in a report on Friday, February 21st. Finally, Cormark upgraded shares of Coeur Mining to a “moderate buy” rating in a report on Thursday, February 20th.

Insider Buying and Selling at Coeur Mining

In other Coeur Mining news, CFO Thomas S. Whelan bought 10,000 shares of the business’s stock in a transaction dated Wednesday, February 26th. The shares were acquired at an average cost of $5.25 per share, with a total value of $52,500.00. Following the acquisition, the chief financial officer now directly owns 668,450 shares of the company’s stock, valued at $3,509,362.50. The trade was a 1.52 % increase in their position. The purchase was disclosed in a legal filing with the SEC, which is accessible through this link. 1.56% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the business. Forum Financial Management LP raised its holdings in shares of Coeur Mining by 58.2% in the fourth quarter. Forum Financial Management LP now owns 18,699 shares of the basic materials company’s stock valued at $107,000 after buying an additional 6,879 shares during the last quarter. Public Employees Retirement System of Ohio raised its stake in Coeur Mining by 3,685.4% during the 4th quarter. Public Employees Retirement System of Ohio now owns 181,131 shares of the basic materials company’s stock valued at $1,036,000 after acquiring an additional 176,346 shares during the last quarter. Vise Technologies Inc. acquired a new stake in Coeur Mining during the 4th quarter worth approximately $66,000. PharVision Advisers LLC purchased a new position in shares of Coeur Mining in the 4th quarter valued at approximately $161,000. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its holdings in shares of Coeur Mining by 28.0% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,092,106 shares of the basic materials company’s stock valued at $6,247,000 after purchasing an additional 238,688 shares during the period. 63.01% of the stock is owned by hedge funds and other institutional investors.

Coeur Mining Price Performance

CDE stock opened at $5.14 on Friday. The business’s fifty day moving average price is $6.22 and its 200 day moving average price is $6.39. Coeur Mining has a 12-month low of $2.74 and a 12-month high of $7.72. The company has a current ratio of 0.83, a quick ratio of 0.39 and a debt-to-equity ratio of 0.50. The company has a market capitalization of $2.05 billion, a PE ratio of 42.84 and a beta of 1.59.

Coeur Mining (NYSE:CDE) last issued its quarterly earnings results on Wednesday, February 19th. The basic materials company reported $0.11 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.11. Coeur Mining had a net margin of 5.59% and a return on equity of 6.59%. The company had revenue of $305.40 million for the quarter, compared to analyst estimates of $314.32 million. On average, sell-side analysts anticipate that Coeur Mining will post 0.58 EPS for the current year.

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.