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

Coeur Mining, Inc. (NYSE:CDE) has been assigned a consensus rating of “Moderate Buy” from the nine research firms that are presently covering the stock, Marketbeat reports. One research analyst has rated the stock with a hold recommendation and eight have issued a buy recommendation on the company. The average 12 month price objective among brokers that have issued a report on the stock in the last year is $4.36.

CDE has been the subject of several research reports. Raymond James increased their target price on shares of Coeur Mining from $3.75 to $4.00 and gave the company a “market perform” rating in a research note on Monday, April 8th. Roth Capital reissued a “buy” rating on shares of Coeur Mining in a research report on Tuesday, April 9th. BMO Capital Markets raised shares of Coeur Mining from a “market perform” rating to an “outperform” rating and increased their price target for the stock from $4.25 to $5.50 in a research report on Friday, May 3rd. Roth Mkm began coverage on shares of Coeur Mining in a research report on Tuesday, April 9th. They issued a “buy” rating and a $5.40 price target for the company. Finally, National Bank Financial reissued an “outperform spec market weight” rating on shares of Coeur Mining in a research report on Monday, April 8th.

Coeur Mining Stock Down 4.3 %

CDE stock opened at $5.50 on Tuesday. The company has a current ratio of 0.99, a quick ratio of 0.43 and a debt-to-equity ratio of 0.55. Coeur Mining has a 1 year low of $2.00 and a 1 year high of $6.05. The company has a fifty day simple moving average of $5.17 and a 200 day simple moving average of $3.82. The firm has a market cap of $2.19 billion, a PE ratio of -17.73 and a beta of 1.76.

Coeur Mining (NYSE:CDE) last released its quarterly 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. Coeur Mining had a negative net margin of 12.77% and a negative return on equity of 6.28%. The company had revenue of $213.10 million during the quarter, compared to analysts’ expectations of $203.43 million. During the same period in the prior year, the company earned ($0.11) earnings per share. The business’s quarterly revenue was up 13.8% compared to the same quarter last year. Sell-side analysts anticipate that Coeur Mining will post 0.08 EPS for the current fiscal year.

Insider Activity at Coeur Mining

In related news, CAO Kenneth J. Watkinson sold 44,000 shares of the firm’s stock in a transaction that occurred on 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 $683,894.34. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other Coeur Mining news, CAO Kenneth J. Watkinson sold 44,000 shares of the firm’s stock in a transaction that occurred on Friday, May 3rd. The shares were 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 sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Sebastian Edwards sold 20,000 shares of the firm’s stock in a transaction that occurred on Tuesday, May 7th. The shares were 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 in the company, valued at $523,748. The disclosure for this sale can be found here. 1.56% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Coeur Mining

Hedge funds and other institutional investors have recently bought and sold shares of the business. Atria Wealth Solutions Inc. bought a new position in shares of Coeur Mining during the fourth quarter worth $33,000. Ballentine Partners LLC bought a new position in shares of Coeur Mining during the first quarter worth $46,000. Forum Financial Management LP bought a new position in shares of Coeur Mining during the fourth quarter worth $40,000. StoneX Group Inc. bought a new stake in Coeur Mining in the 1st quarter valued at $49,000. Finally, &PARTNERS bought a new stake in Coeur Mining in the 1st quarter valued at $54,000. 63.01% of the stock is owned by institutional investors.

About Coeur Mining

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.