Coeur Mining, Inc. (NYSE:CDE) Given Consensus Rating of “Moderate Buy” by Analysts

Coeur Mining, Inc. (NYSE:CDE) has been given a consensus rating of “Moderate Buy” by the nine research firms that are presently covering the stock, Marketbeat Ratings reports. One investment analyst has rated the stock with a hold recommendation and eight have given a buy recommendation to the company. The average 1 year price target among brokers that have updated their coverage on the stock in the last year is $4.36.

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

Insider Buying and Selling

In other Coeur Mining news, CAO Kenneth J. Watkinson sold 44,000 shares of the company’s stock in a transaction on Friday, May 3rd. The stock was sold at an average price of $4.86, for a total transaction of $213,840.00. Following the completion of the sale, the chief accounting officer now directly owns 140,719 shares in the company, valued at $683,894.34. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, Director Sebastian Edwards sold 20,000 shares of the firm’s stock in a transaction on 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 transaction, the director now directly owns 103,100 shares of the company’s stock, valued at approximately $523,748. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CAO Kenneth J. Watkinson sold 44,000 shares of the firm’s stock in a transaction on Friday, May 3rd. The stock was sold at an average price of $4.86, for a total value of $213,840.00. Following the transaction, the chief accounting officer now directly owns 140,719 shares of the company’s stock, valued at $683,894.34. The disclosure for this sale can be found here. 1.56% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of CDE. Van ECK Associates Corp grew its holdings in Coeur Mining by 6.5% during the 1st quarter. Van ECK Associates Corp now owns 38,624,849 shares of the basic materials company’s stock worth $145,616,000 after acquiring an additional 2,345,791 shares during the period. Vanguard Group Inc. grew its holdings in Coeur Mining by 12.5% during the 4th quarter. Vanguard Group Inc. now owns 35,854,316 shares of the basic materials company’s stock worth $116,885,000 after acquiring an additional 3,989,352 shares during the period. Dimensional Fund Advisors LP grew its holdings in Coeur Mining by 0.5% during the 4th quarter. Dimensional Fund Advisors LP now owns 16,087,106 shares of the basic materials company’s stock worth $52,445,000 after acquiring an additional 84,920 shares during the period. Tidal Investments LLC acquired a new stake in Coeur Mining during the 1st quarter worth about $41,587,000. Finally, Jupiter Asset Management Ltd. grew its holdings in Coeur Mining by 95.9% during the 3rd quarter. Jupiter Asset Management Ltd. now owns 10,246,050 shares of the basic materials company’s stock worth $22,746,000 after acquiring an additional 5,017,119 shares during the period. 63.01% of the stock is owned by institutional investors.

Coeur Mining Stock Down 2.3 %

NYSE:CDE opened at $5.37 on Friday. Coeur Mining has a 1 year low of $2.00 and a 1 year high of $6.03. 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 stock has a market cap of $2.14 billion, a price-to-earnings ratio of -17.31 and a beta of 1.77. The stock has a 50-day moving average price of $4.56 and a two-hundred day moving average price of $3.45.

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