Coeur Mining, Inc. (NYSE:CDE) Stock Rated “Moderate Buy” by Sell-Side Analysts

Coeur Mining, Inc. (NYSE:CDE) has received a consensus recommendation of “Moderate Buy” from the thirteen research firms that are covering the stock, MarketBeat.com reports. Three analysts have rated the stock with a hold recommendation, nine have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average 12-month price target among brokers that have issued a report on the stock in the last year is $25.50.

A number of research firms recently weighed in on CDE. Scotiabank dropped their price objective on shares of Coeur Mining from $28.50 to $26.50 and set an “outperform” rating on the stock in a report on Friday, August 7th. Zacks Research upgraded shares of Coeur Mining from a “strong sell” rating to a “hold” rating in a research report on Monday, August 17th. Weiss Ratings raised shares of Coeur Mining from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Thursday, October 8th. Finally, Roth Capital set a $19.00 target price on shares of Coeur Mining in a research note on Friday, August 7th.

Insider Buying and Selling at Coeur Mining

In other news, Director J. Kenneth Thompson sold 25,000 shares of Coeur Mining stock in a transaction that occurred on Wednesday, August 19th. The stock was sold at an average price of $20.77, for a total transaction of $519,250.00. Following the sale, the director owned 257,333 shares of the company’s stock, valued at approximately $5,344,806.41. The trade was a 8.85% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, EVP Casey Nault sold 10,000 shares of the business’s stock in a transaction that occurred on Tuesday, September 8th. The stock was sold at an average price of $21.06, for a total value of $210,600.00. Following the transaction, the executive vice president owned 530,086 shares of the company’s stock, valued at approximately $11,163,611.16. This represents a 1.85% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last 90 days, insiders have sold 51,000 shares of company stock worth $1,055,070. 0.90% of the stock is owned by company insiders.

Institutional Trading of Coeur Mining

Several large investors have recently added to or reduced their stakes in CDE. Nisa Investment Advisors LLC increased its position in shares of Coeur Mining by 26.0% during the 3rd quarter. Nisa Investment Advisors LLC now owns 68,328 shares of the basic materials company’s stock valued at $1,203,000 after purchasing an additional 14,109 shares during the period. Integrated Advisors Network LLC bought a new stake in shares of Coeur Mining in the 3rd quarter worth $248,000. Robeco Institutional Asset Management B.V. lifted its holdings in shares of Coeur Mining by 2.1% in the third quarter. Robeco Institutional Asset Management B.V. now owns 438,727 shares of the basic materials company’s stock valued at $7,722,000 after buying an additional 8,846 shares during the period. IFP Advisors Inc lifted its holdings in shares of Coeur Mining by 77.1% in the third quarter. IFP Advisors Inc now owns 7,357 shares of the basic materials company’s stock valued at $129,000 after buying an additional 3,202 shares during the period. Finally, Elevated Financial Group LLC lifted its holdings in shares of Coeur Mining by 15.0% in the third quarter. Elevated Financial Group LLC now owns 34,934 shares of the basic materials company’s stock valued at $615,000 after buying an additional 4,551 shares during the period. 63.01% of the stock is currently owned by institutional investors and hedge funds.

Coeur Mining Price Performance

Shares of NYSE CDE opened at $15.13 on Friday. Coeur Mining has a 1-year low of $13.55 and a 1-year high of $27.77. The company has a debt-to-equity ratio of 0.07, a current ratio of 3.65 and a quick ratio of 2.44. The business’s fifty day moving average price is $19.05 and its two-hundred day moving average price is $18.03. The firm has a market capitalization of $15.55 billion, a PE ratio of 14.46 and a beta of 1.37.

Coeur Mining (NYSE:CDE) last announced its quarterly earnings results on Wednesday, August 5th. The basic materials company reported $0.12 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.26 by ($0.14). The firm had revenue of $1.09 billion for the quarter, compared to analyst estimates of $1.24 billion. Coeur Mining had a net margin of 26.82% and a return on equity of 11.03%. The business’s revenue was up 125.8% compared to the same quarter last year. During the same period last year, the firm posted $0.20 EPS. On average, research analysts expect that Coeur Mining will post 0.88 EPS for the current year.

Coeur Mining Company Profile

Coeur Mining, Inc is a precious metals mining company headquartered in Chicago, Illinois. The company explores for, develops, and operates mines that produce gold and silver, with its activities focused primarily in North America.

Coeur’s operating portfolio includes the Rochester gold and silver mine in Nevada, the Wharf gold mine in South Dakota, the Kensington gold mine in Alaska, and the Las Chispas silver and gold operation in Sonora, Mexico. The company also maintains exploration and development interests in additional mineral properties.

Founded in 1928, Coeur Mining has grown through the development and acquisition of precious metals assets.