Analysts Set Coeur Mining, Inc. (NYSE:CDE) PT at $8.10

Coeur Mining, Inc. (NYSE:CDE) has been given a consensus rating of “Buy” by the eight research firms that are covering the stock, Marketbeat Ratings reports. Five investment analysts have rated the stock with a buy recommendation and three have given a strong buy recommendation to the company. The average 12-month price objective among brokers that have issued a report on the stock in the last year is $8.10.

A number of research analysts have recently commented on the stock. TD Cowen upgraded shares of Coeur Mining to a “strong-buy” rating in a report on Tuesday, March 11th. BMO Capital Markets started coverage on shares of Coeur Mining in a research note on Tuesday, February 18th. They issued an “outperform” rating and a $9.00 target price on the stock. Raymond James reaffirmed an “outperform” rating and set a $8.50 price target on shares of Coeur Mining in a research note on Wednesday, April 2nd. Cormark raised Coeur Mining to a “moderate buy” rating in a research note on Thursday, February 20th. Finally, TD Securities started coverage on Coeur Mining in a report on Tuesday, March 11th. They set a “buy” rating and a $7.00 price objective on the stock.

Insider Transactions at Coeur Mining

In other Coeur Mining news, CFO Thomas S. Whelan purchased 10,000 shares of the stock in a transaction on Wednesday, February 26th. The shares were bought at an average cost of $5.25 per share, with a total value of $52,500.00. Following the completion of the acquisition, the chief financial officer now owns 668,450 shares in the company, 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 SEC, which is accessible through the SEC website. Company insiders own 1.56% of the company’s stock.

Hedge Funds Weigh In On Coeur Mining

A number of institutional investors have recently modified their holdings of the stock. GAMMA Investing LLC grew its holdings in Coeur Mining by 139.8% during the fourth quarter. GAMMA Investing LLC now owns 5,761 shares of the basic materials company’s stock worth $33,000 after acquiring an additional 3,359 shares during the period. City State Bank grew its stake in shares of Coeur Mining by 56.9% during the 1st quarter. City State Bank now owns 6,274 shares of the basic materials company’s stock worth $37,000 after purchasing an additional 2,274 shares during the period. Quarry LP increased its holdings in shares of Coeur Mining by 853.8% during the 4th quarter. Quarry LP now owns 6,667 shares of the basic materials company’s stock valued at $38,000 after purchasing an additional 5,968 shares in the last quarter. Optiver Holding B.V. lifted its stake in shares of Coeur Mining by 150.5% in the 4th quarter. Optiver Holding B.V. now owns 8,160 shares of the basic materials company’s stock valued at $47,000 after purchasing an additional 4,903 shares during the period. Finally, FNY Investment Advisers LLC purchased a new stake in Coeur Mining during the fourth quarter worth $57,000. Hedge funds and other institutional investors own 63.01% of the company’s stock.

Coeur Mining Stock Down 3.9 %

Shares of NYSE CDE opened at $6.03 on Monday. Coeur Mining has a 1 year low of $4.03 and a 1 year high of $7.72. The firm has a 50-day simple moving average of $5.83 and a two-hundred day simple moving average of $6.24. The company has a market cap of $3.85 billion, a P/E ratio of 50.21 and a beta of 1.35. The company has a debt-to-equity ratio of 0.50, a current ratio of 0.83 and a quick ratio of 0.39.

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

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.