Coeur Mining, Inc. (NYSE:CDE) Receives $4.36 Average Price Target from Analysts

Shares of Coeur Mining, Inc. (NYSE:CDEGet Free Report) have been given an average recommendation of “Moderate Buy” by the nine brokerages that are covering the company, MarketBeat Ratings reports. One investment analyst has rated the stock with a hold recommendation and eight have issued a buy recommendation on the company. The average 12-month target price among brokers that have issued ratings on the stock in the last year is $4.36.

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

Read Our Latest Research Report on Coeur Mining

Insider Transactions at Coeur Mining

In other news, Director Sebastian Edwards sold 20,000 shares of the business’s stock in a transaction dated Tuesday, May 7th. The stock was 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 approximately $523,748. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In other news, Director Sebastian Edwards sold 20,000 shares of Coeur Mining stock in a transaction dated Tuesday, May 7th. The stock was sold at an average price of $5.08, for a total transaction of $101,600.00. Following the transaction, the director now owns 103,100 shares in the company, valued at approximately $523,748. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CAO Kenneth J. Watkinson sold 44,000 shares of Coeur Mining stock in a transaction dated 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 owns 140,719 shares in the company, valued at approximately $683,894.34. The disclosure for this sale can be found here. Corporate insiders own 1.56% of the company’s stock.

Institutional Investors Weigh In On Coeur Mining

Several institutional investors have recently bought and sold shares of the company. Vanguard Group Inc. raised its stake in shares of Coeur Mining by 5.7% during the 3rd quarter. Vanguard Group Inc. now owns 31,864,964 shares of the basic materials company’s stock worth $70,740,000 after purchasing an additional 1,716,929 shares in the last quarter. Assenagon Asset Management S.A. raised its stake in shares of Coeur Mining by 253.1% during the 1st quarter. Assenagon Asset Management S.A. now owns 872,659 shares of the basic materials company’s stock worth $3,290,000 after purchasing an additional 625,490 shares in the last quarter. Charles Schwab Investment Management Inc. raised its stake in shares of Coeur Mining by 7.1% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 4,153,752 shares of the basic materials company’s stock worth $9,221,000 after purchasing an additional 274,878 shares in the last quarter. First Eagle Investment Management LLC raised its stake in shares of Coeur Mining by 15.2% during the 4th quarter. First Eagle Investment Management LLC now owns 2,140,221 shares of the basic materials company’s stock worth $6,977,000 after purchasing an additional 282,708 shares in the last quarter. Finally, Jupiter Asset Management Ltd. raised its stake in shares of Coeur Mining by 95.9% during the 3rd quarter. Jupiter Asset Management Ltd. now owns 10,246,050 shares of the basic materials company’s stock worth $22,746,000 after purchasing an additional 5,017,119 shares in the last quarter. Institutional investors own 63.01% of the company’s stock.

Coeur Mining Stock Up 3.3 %

Shares of Coeur Mining stock opened at $5.62 on Friday. The stock has a market capitalization of $2.24 billion, a P/E ratio of -18.13 and a beta of 1.77. The company has a quick ratio of 0.43, a current ratio of 0.99 and a debt-to-equity ratio of 0.55. The stock has a 50 day moving average price of $4.71 and a two-hundred day moving average price of $3.53. Coeur Mining has a 12-month low of $2.00 and a 12-month high of $6.03.

Coeur Mining (NYSE:CDEGet Free Report) last announced its earnings results on Wednesday, May 1st. The basic materials company reported ($0.05) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.06) by $0.01. The firm had revenue of $213.10 million during the quarter, compared to analysts’ expectations of $203.43 million. Coeur Mining had a negative return on equity of 6.28% and a negative net margin of 12.77%. The company’s revenue was up 13.8% on a year-over-year basis. During the same quarter in the prior year, the business earned ($0.11) earnings per share. Equities analysts expect that Coeur Mining will post 0.08 earnings per share for the current year.

About Coeur Mining

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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.

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Analyst Recommendations for Coeur Mining (NYSE:CDE)

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