Coeur Mining, Inc. (NYSE:CDE) Receives Consensus Recommendation of “Buy” from Brokerages

Coeur Mining, Inc. (NYSE:CDE) has received a consensus rating of “Buy” from the eight research firms that are currently covering the firm, MarketBeat.com reports. Six equities research analysts have rated the stock with a buy recommendation and two have given a strong buy recommendation to the company. The average 1 year price target among brokerages that have updated their coverage on the stock in the last year is $8.05.

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

Coeur Mining Stock Up 0.1 %

CDE stock opened at $6.56 on Thursday. Coeur Mining has a 12-month low of $2.98 and a 12-month high of $7.72. The company has a quick ratio of 0.39, a current ratio of 0.83 and a debt-to-equity ratio of 0.50. The company has a market cap of $4.19 billion, a price-to-earnings ratio of 54.63 and a beta of 1.51. The company has a 50 day moving average of $6.18 and a two-hundred day moving average of $6.35.

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

Insider Buying and Selling

In other news, CFO Thomas S. Whelan bought 10,000 shares of the company’s stock in a transaction that occurred on Wednesday, February 26th. The shares were purchased at an average price of $5.25 per share, for a total transaction of $52,500.00. Following the acquisition, the chief financial officer now directly owns 668,450 shares of the company’s stock, valued at $3,509,362.50. The trade was a 1.52 % increase in their position. The purchase was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Insiders own 1.56% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of CDE. Merit Financial Group LLC grew its position in Coeur Mining by 5.4% in the 4th quarter. Merit Financial Group LLC now owns 31,574 shares of the basic materials company’s stock worth $181,000 after purchasing an additional 1,607 shares during the last quarter. State of New Jersey Common Pension Fund D grew its position in Coeur Mining by 0.7% in the 4th quarter. State of New Jersey Common Pension Fund D now owns 315,190 shares of the basic materials company’s stock worth $1,803,000 after purchasing an additional 2,323 shares during the last quarter. Summit Investment Advisors Inc. grew its position in Coeur Mining by 6.8% in the 4th quarter. Summit Investment Advisors Inc. now owns 41,333 shares of the basic materials company’s stock worth $236,000 after purchasing an additional 2,624 shares during the last quarter. Xponance Inc. grew its position in Coeur Mining by 10.9% in the 4th quarter. Xponance Inc. now owns 28,712 shares of the basic materials company’s stock worth $164,000 after purchasing an additional 2,811 shares during the last quarter. Finally, GAMMA Investing LLC grew its position in Coeur Mining by 139.8% in the 4th quarter. GAMMA Investing LLC now owns 5,761 shares of the basic materials company’s stock worth $33,000 after purchasing an additional 3,359 shares during the last quarter. 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.