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

Coeur Mining, Inc. (NYSE:CDE - Get Free Report) has earned an average rating of "Buy" from the eight analysts that are currently covering the company, MarketBeat.com reports. Five analysts have rated the stock with a buy rating and three have assigned a strong buy rating to the company. The average twelve-month target price among analysts that have issued a report on the stock in the last year is $8.10.

A number of research firms have recently issued reports on CDE. National Bank Financial upgraded Coeur Mining to a "strong-buy" rating in a research note on Friday, March 21st. Raymond James reissued an "outperform" rating and issued a $8.50 target price on shares of Coeur Mining in a research report on Wednesday, April 2nd. Roth Mkm reduced their price target on shares of Coeur Mining from $8.50 to $8.25 and set a "buy" rating for the company in a research report on Friday, February 21st. Cormark raised shares of Coeur Mining to a "moderate buy" rating in a report on Thursday, February 20th. Finally, BMO Capital Markets started coverage on shares of Coeur Mining in a research report on Tuesday, February 18th. They set an "outperform" rating and a $9.00 target price for the company.

Coeur Mining Stock Performance

NYSE:CDE traded down $0.25 during mid-day trading on Monday, reaching $6.03. The company's stock had a trading volume of 13,125,660 shares, compared to its average volume of 11,419,148. The company has a current ratio of 0.83, a quick ratio of 0.39 and a debt-to-equity ratio of 0.50. The stock has a market cap of $3.85 billion, a P/E ratio of 50.21 and a beta of 1.35. The firm's fifty day moving average price is $5.83 and its two-hundred day moving average price is $6.24. Coeur Mining has a 12-month low of $4.03 and a 12-month high of $7.72.

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

Insiders Place Their Bets

In other news, CFO Thomas S. Whelan bought 10,000 shares of the stock in a transaction that occurred on Wednesday, February 26th. The shares were bought at an average price of $5.25 per share, for a total transaction of $52,500.00. Following the purchase, the chief financial officer now owns 668,450 shares in the company, valued at $3,509,362.50. This represents a 1.52 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is available through this link. Company insiders own 1.56% of the company's stock.

Institutional Investors Weigh In On Coeur Mining

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