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

Shares of Coeur Mining, Inc. (NYSE:CDE) have been given a consensus rating of “Buy” by the eight analysts that are covering the stock, MarketBeat reports. Six analysts have rated the stock with a buy recommendation and two have assigned a strong buy recommendation to the company. The average 12 month price target among brokerages that have issued a report on the stock in the last year is $8.05.

A number of brokerages have weighed in on CDE. Roth Mkm reduced their price target on shares of Coeur Mining from $8.50 to $8.25 and set a “buy” rating on the stock in a research report on Friday, February 21st. Cormark upgraded shares of Coeur Mining to a “moderate buy” rating in a report on Thursday, February 20th. BMO Capital Markets started coverage on Coeur Mining in a report on Tuesday, February 18th. They issued an “outperform” rating and a $9.00 price target for the company. TD Securities initiated coverage on Coeur Mining in a research note on Tuesday, March 11th. They set a “buy” rating and a $7.00 price objective on the stock. Finally, Raymond James upgraded Coeur Mining from a “market perform” rating to an “outperform” rating and lowered their target price for the company from $8.75 to $8.25 in a research note on Friday, February 21st.

Insider Buying and Selling

In related news, CFO Thomas S. Whelan purchased 10,000 shares of the company’s stock in a transaction that occurred on Wednesday, February 26th. The stock was acquired at an average price of $5.25 per share, for a total transaction of $52,500.00. Following the completion of the purchase, the chief financial officer now owns 668,450 shares in the company, valued at approximately $3,509,362.50. This represents a 1.52 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 1.56% of the company’s stock.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the stock. Jennison Associates LLC acquired a new stake in shares of Coeur Mining in the 3rd quarter valued at about $579,000. JPMorgan Chase & Co. raised its stake in Coeur Mining by 88.3% during the third quarter. JPMorgan Chase & Co. now owns 1,418,716 shares of the basic materials company’s stock valued at $9,761,000 after buying an additional 665,452 shares in the last quarter. XTX Topco Ltd acquired a new stake in Coeur Mining during the third quarter valued at approximately $1,311,000. BNP Paribas Financial Markets lifted its holdings in Coeur Mining by 180.7% during the 3rd quarter. BNP Paribas Financial Markets now owns 310,577 shares of the basic materials company’s stock worth $2,137,000 after buying an additional 199,919 shares during the last quarter. Finally, US Bancorp DE grew its position in shares of Coeur Mining by 595.5% in the 4th quarter. US Bancorp DE now owns 87,962 shares of the basic materials company’s stock worth $503,000 after acquiring an additional 75,314 shares in the last quarter. 63.01% of the stock is currently owned by institutional investors.

Coeur Mining Trading Up 0.9 %

CDE stock opened at $6.27 on Thursday. 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 company has a market cap of $4.00 billion, a price-to-earnings ratio of 52.23 and a beta of 1.51. The business has a fifty day simple moving average of $6.18 and a 200-day simple moving average of $6.37. Coeur Mining has a 52 week low of $3.36 and a 52 week high of $7.72.

Coeur Mining (NYSE:CDE) last announced its quarterly earnings results on Wednesday, February 19th. The basic materials company reported $0.11 EPS for the quarter, hitting the consensus estimate of $0.11. Coeur Mining had a return on equity of 6.59% and a net margin of 5.59%. The company had revenue of $305.40 million during the quarter, compared to analyst estimates of $314.32 million. On average, equities research analysts expect 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.