Coeur Mining, Inc. (NYSE:CDE) Receives $4.36 Consensus PT from Analysts

Shares of Coeur Mining, Inc. (NYSE:CDEGet Free Report) have earned an average recommendation of “Moderate Buy” from the nine analysts that are covering the stock, Marketbeat.com reports. One research analyst has rated the stock with a hold rating and eight have assigned a buy rating to the company. The average 1 year target price among brokers that have issued ratings on the stock in the last year is $4.36.

Several equities research analysts recently weighed in on the company. Roth Mkm assumed coverage on Coeur Mining in a research note on Tuesday, April 9th. They set a “buy” rating and a $5.40 target price for the company. BMO Capital Markets upgraded Coeur Mining from a “market perform” rating to an “outperform” rating and boosted their target price for the stock from $4.25 to $5.50 in a research note on Friday, May 3rd. Raymond James lifted their price target on Coeur Mining from $3.75 to $4.00 and gave the stock a “market perform” rating in a research report on Monday, April 8th. National Bank Financial reaffirmed an “outperform spec market weight” rating on shares of Coeur Mining in a research report on Monday, April 8th. Finally, Roth Capital reaffirmed a “buy” rating on shares of Coeur Mining in a research report on Tuesday, April 9th.

Check Out Our Latest Stock Report on Coeur Mining

Insider Activity at Coeur Mining

In other Coeur Mining news, Director Sebastian Edwards sold 20,000 shares of the company’s stock in a transaction dated Tuesday, May 7th. The stock was sold at an average price of $5.08, for a total transaction of $101,600.00. Following the completion of the sale, the director now directly owns 103,100 shares in the company, valued at $523,748. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, Director Sebastian Edwards sold 20,000 shares of the stock in a transaction dated Tuesday, May 7th. The stock was sold at an average price of $5.08, for a total value of $101,600.00. Following the completion of the sale, the director now owns 103,100 shares in the company, valued at $523,748. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CAO Kenneth J. Watkinson sold 44,000 shares of the stock in a transaction dated Friday, May 3rd. The shares were sold at an average price of $4.86, for a total value of $213,840.00. Following the completion of the sale, the chief accounting officer now owns 140,719 shares of the company’s stock, valued at approximately $683,894.34. The disclosure for this sale can be found here. Insiders own 1.56% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Tidal Investments LLC bought a new stake in shares of Coeur Mining in the 1st quarter worth approximately $41,587,000. Vanguard Group Inc. increased its position in Coeur Mining by 12.5% in the 4th quarter. Vanguard Group Inc. now owns 35,854,316 shares of the basic materials company’s stock valued at $116,885,000 after acquiring an additional 3,989,352 shares during the period. Van ECK Associates Corp increased its position in Coeur Mining by 10.9% in the 4th quarter. Van ECK Associates Corp now owns 36,279,058 shares of the basic materials company’s stock valued at $118,269,000 after acquiring an additional 3,556,959 shares during the period. Mirae Asset Global Investments Co. Ltd. increased its position in Coeur Mining by 22.0% in the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 9,457,720 shares of the basic materials company’s stock valued at $30,832,000 after acquiring an additional 1,702,840 shares during the period. Finally, Deutsche Bank AG increased its position in Coeur Mining by 164.4% in the 3rd quarter. Deutsche Bank AG now owns 2,287,978 shares of the basic materials company’s stock valued at $5,079,000 after acquiring an additional 1,422,710 shares during the period. Hedge funds and other institutional investors own 63.01% of the company’s stock.

Coeur Mining Stock Down 2.0 %

Shares of NYSE:CDE opened at $5.75 on Tuesday. The business has a 50-day moving average price of $5.24 and a 200 day moving average price of $3.89. The company has a current ratio of 0.99, a quick ratio of 0.43 and a debt-to-equity ratio of 0.55. The company has a market capitalization of $2.30 billion, a price-to-earnings ratio of -18.55 and a beta of 1.76. Coeur Mining has a 12-month low of $2.00 and a 12-month high of $6.05.

Coeur Mining (NYSE:CDEGet Free Report) last announced its earnings results on Wednesday, May 1st. The basic materials company reported ($0.05) EPS for the quarter, beating analysts’ consensus estimates of ($0.06) by $0.01. Coeur Mining had a negative return on equity of 6.28% and a negative net margin of 12.77%. The company had revenue of $213.10 million during the quarter, compared to analysts’ expectations of $203.43 million. During the same period last year, the business posted ($0.11) EPS. Coeur Mining’s revenue for the quarter was up 13.8% on a year-over-year basis. Sell-side analysts expect that Coeur Mining will post 0.08 EPS for the current year.

Coeur Mining Company Profile

(Get Free Report

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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Analyst Recommendations for Coeur Mining (NYSE:CDE)

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