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

Shares of Coeur Mining, Inc. (NYSE:CDE) have been assigned a consensus recommendation of “Moderate Buy” from the fourteen brokerages that are currently covering the stock, MarketBeat reports. Four research analysts have rated the stock with a hold recommendation, nine have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average 12-month price target among brokers that have issued ratings on the stock in the last year is $25.50.

A number of analysts have issued reports on the company. Zacks Research raised Coeur Mining from a “strong sell” rating to a “hold” rating in a research report on Monday, August 17th. Cantor Fitzgerald cut Coeur Mining from a “buy” rating to a “hold” rating and set a $19.00 price objective for the company. in a research note on Thursday, May 7th. Roth Capital set a $19.00 price objective on Coeur Mining in a report on Friday, August 7th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Coeur Mining in a research report on Wednesday, June 24th. Finally, Wall Street Zen lowered Coeur Mining from a “buy” rating to a “hold” rating in a report on Saturday, May 9th.

Insiders Place Their Bets

In related news, Director J Kenneth Thompson sold 25,000 shares of the company’s stock in a transaction on Wednesday, August 19th. The shares were sold at an average price of $20.77, for a total value of $519,250.00. Following the completion of the sale, the director owned 257,333 shares in the company, valued at $5,344,806.41. This represents a 8.85% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Thomas S. Whelan sold 6,000 shares of the stock in a transaction dated Wednesday, August 19th. The stock was sold at an average price of $20.87, for a total transaction of $125,220.00. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 41,000 shares of company stock valued at $844,470 over the last quarter. Company insiders own 0.90% of the company’s stock.

Institutional Investors Weigh In On Coeur Mining

Several large investors have recently modified their holdings of CDE. VIRGINIA RETIREMENT SYSTEMS ET Al purchased a new position in Coeur Mining in the 2nd quarter valued at $4,169,000. California State Teachers Retirement System increased its stake in shares of Coeur Mining by 2,107.0% during the second quarter. California State Teachers Retirement System now owns 26,468,951 shares of the basic materials company’s stock worth $431,973,000 after acquiring an additional 25,269,622 shares during the period. Saudi Central Bank raised its holdings in Coeur Mining by 89.6% during the second quarter. Saudi Central Bank now owns 72,417 shares of the basic materials company’s stock worth $1,182,000 after purchasing an additional 34,221 shares in the last quarter. AlphaGrep UK Ltd acquired a new stake in Coeur Mining in the second quarter valued at about $527,000. Finally, Turner Financial Group Inc. acquired a new stake in Coeur Mining in the second quarter valued at about $249,000. Hedge funds and other institutional investors own 63.01% of the company’s stock.

Coeur Mining Trading Up 6.0%

Shares of CDE stock opened at $21.42 on Thursday. Coeur Mining has a 1-year low of $13.55 and a 1-year high of $27.77. The firm has a market cap of $22.02 billion, a PE ratio of 18.31 and a beta of 1.38. The company has a 50-day moving average of $17.39 and a two-hundred day moving average of $18.80. The company has a debt-to-equity ratio of 0.07, a current ratio of 3.65 and a quick ratio of 2.44.

Coeur Mining (NYSE:CDE) last released its quarterly earnings results on Wednesday, August 5th. The basic materials company reported $0.12 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.26 by ($0.14). Coeur Mining had a net margin of 26.82% and a return on equity of 11.03%. The company had revenue of $1.09 billion during the quarter, compared to analysts’ expectations of $1.24 billion. During the same period last year, the firm posted $0.20 earnings per share. Coeur Mining’s revenue was up 125.8% on a year-over-year basis. On average, analysts predict that Coeur Mining will post 0.86 EPS for the current year.

About Coeur Mining

Coeur Mining, Inc is a publicly traded precious metals mining company headquartered in Chicago, Illinois. The company specializes in the exploration, development and production of silver and gold deposits, with a focus on high-grade underground and open-pit operations. Through a combination of operating mines and advanced exploration projects, Coeur Mining seeks to deliver consistent production of silver and gold bullion while maintaining industry standards for safety, environmental stewardship and cost management.

Coeur Mining’s portfolio includes five principal operating mines and several exploration projects across North America and Australia.