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

Shares of Coeur Mining, Inc. (NYSE:CDE) have been given a consensus rating of “Buy” by the eight ratings firms that are currently covering the firm, Marketbeat.com reports. Six research analysts have rated the stock with a buy rating and two have issued a strong buy rating on the company. The average 12-month target price among brokerages that have covered the stock in the last year is $8.05.

CDE has been the topic of several research reports. TD Securities initiated coverage on shares of Coeur Mining in a research note on Tuesday, March 11th. They set a “buy” rating and a $7.00 price objective on the stock. BMO Capital Markets initiated coverage on shares of Coeur Mining in a research note on Tuesday, February 18th. They set an “outperform” rating and a $9.00 price objective on the stock. Cormark upgraded shares of Coeur Mining to a “moderate buy” rating in a research note on Thursday, February 20th. Roth Mkm dropped their price objective on shares of Coeur Mining from $8.50 to $8.25 and set a “buy” rating on the stock in a research note on Friday, February 21st. Finally, TD Cowen upgraded shares of Coeur Mining to a “strong-buy” rating in a research note on Tuesday, March 11th.

Insider Buying and Selling at Coeur Mining

In other news, CFO Thomas S. Whelan purchased 10,000 shares of the company’s stock in a transaction 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 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 trade represents a 1.52 % increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 1.56% of the stock is owned by company insiders.

Institutional Investors Weigh In On Coeur Mining

Large investors have recently made changes to their positions in the company. GAMMA Investing LLC increased its stake in shares of Coeur Mining by 139.8% during the fourth quarter. GAMMA Investing LLC now owns 5,761 shares of the basic materials company’s stock valued at $33,000 after acquiring an additional 3,359 shares during the period. Quarry LP increased its stake in shares of Coeur Mining by 853.8% during the fourth quarter. Quarry LP now owns 6,667 shares of the basic materials company’s stock valued at $38,000 after acquiring an additional 5,968 shares during the period. Optiver Holding B.V. increased its stake in shares of Coeur Mining by 150.5% during the fourth quarter. Optiver Holding B.V. now owns 8,160 shares of the basic materials company’s stock valued at $47,000 after acquiring an additional 4,903 shares during the period. FNY Investment Advisers LLC acquired a new position in shares of Coeur Mining during the fourth quarter valued at approximately $57,000. Finally, DRW Securities LLC acquired a new position in shares of Coeur Mining during the fourth quarter valued at approximately $60,000. Institutional investors and hedge funds own 63.01% of the company’s stock.

Coeur Mining Stock Performance

Shares of CDE stock opened at $6.56 on Thursday. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.39 and a current ratio of 0.83. Coeur Mining has a one year low of $2.98 and a one year high of $7.72. The company’s 50-day simple moving average is $6.18 and its 200-day simple moving average is $6.35. The stock has a market capitalization of $4.19 billion, a price-to-earnings ratio of 54.63 and a beta of 1.51.

Coeur Mining (NYSE:CDE) last issued its quarterly earnings results on Wednesday, February 19th. The basic materials company reported $0.11 EPS for the quarter, hitting the consensus estimate of $0.11. Coeur Mining had a net margin of 5.59% and a return on equity of 6.59%. The business had revenue of $305.40 million for the quarter, compared to analysts’ expectations of $314.32 million. Equities analysts anticipate that Coeur Mining will post 0.58 earnings per share for the current fiscal 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.