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

Shares of Coeur Mining, Inc. (NYSE:CDE - Get Free Report) have received an average rating of "Buy" from the eight ratings firms that are covering the stock, MarketBeat Ratings reports. Six analysts have rated the stock with a buy recommendation and two have given a strong buy recommendation to the company. The average 12 month price target among brokerages that have issued ratings on the stock in the last year is $8.05.

CDE has been the subject of several recent analyst reports. TD Securities started coverage on shares of Coeur Mining in a report on Tuesday, March 11th. They issued a "buy" rating and a $7.00 price objective for the company. Roth Mkm cut their target price on Coeur Mining from $8.50 to $8.25 and set a "buy" rating for the company in a research report on Friday, February 21st. TD Cowen upgraded Coeur Mining to a "strong-buy" rating in a research report on Tuesday, March 11th. Raymond James upgraded Coeur Mining from a "market perform" rating to an "outperform" rating and cut their price objective for the company from $8.75 to $8.25 in a report on Friday, February 21st. Finally, Cormark raised Coeur Mining to a "moderate buy" rating in a research note on Thursday, February 20th.

Coeur Mining Stock Performance

Coeur Mining stock traded down $0.22 during mid-day trading on Thursday, hitting $6.21. 27,018,276 shares of the company's stock traded hands, compared to its average volume of 10,575,719. Coeur Mining has a one year low of $3.36 and a one year high of $7.72. The company has a market cap of $3.96 billion, a PE ratio of 51.71 and a beta of 1.51. The firm has a 50 day moving average price of $6.17 and a 200 day moving average price of $6.36. The company has a quick ratio of 0.39, a current ratio of 0.83 and a debt-to-equity ratio of 0.50.

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Coeur Mining (NYSE:CDE - Get Free Report) last posted its quarterly earnings data on Wednesday, February 19th. The basic materials company reported $0.11 earnings per share for the quarter, hitting the consensus estimate of $0.11. The business had revenue of $305.40 million during the quarter, compared to the consensus estimate of $314.32 million. Coeur Mining had a net margin of 5.59% and a return on equity of 6.59%. On average, equities analysts forecast that Coeur Mining will post 0.58 EPS for the current year.

Insider Buying and Selling

In other news, CFO Thomas S. Whelan acquired 10,000 shares of Coeur Mining stock in a transaction on Wednesday, February 26th. The stock was bought at an average cost of $5.25 per share, with a total value of $52,500.00. Following the completion of the purchase, the chief financial officer now owns 668,450 shares of the company's stock, valued at $3,509,362.50. This represents a 1.52 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders own 1.56% of the company's stock.

Institutional Investors Weigh In On Coeur Mining

Large investors have recently made changes to their positions in the company. Vanguard Group Inc. boosted its stake in Coeur Mining by 8.5% in the 4th quarter. Vanguard Group Inc. now owns 40,700,218 shares of the basic materials company's stock worth $232,805,000 after purchasing an additional 3,178,785 shares during the period. Dimensional Fund Advisors LP lifted its holdings in shares of Coeur Mining by 1.7% in the fourth quarter. Dimensional Fund Advisors LP now owns 17,157,325 shares of the basic materials company's stock valued at $98,137,000 after purchasing an additional 282,885 shares in the last quarter. Tidal Investments LLC boosted its position in shares of Coeur Mining by 11.1% in the fourth quarter. Tidal Investments LLC now owns 13,343,775 shares of the basic materials company's stock worth $76,326,000 after buying an additional 1,332,684 shares during the period. Geode Capital Management LLC grew its holdings in shares of Coeur Mining by 1.0% during the third quarter. Geode Capital Management LLC now owns 9,146,107 shares of the basic materials company's stock valued at $62,937,000 after buying an additional 89,863 shares in the last quarter. Finally, Two Sigma Investments LP raised its position in Coeur Mining by 57.8% during the fourth quarter. Two Sigma Investments LP now owns 7,210,595 shares of the basic materials company's stock valued at $41,245,000 after buying an additional 2,641,310 shares during the period. Institutional investors and hedge funds own 63.01% of the company's stock.

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.