Brokerages Set Coeur Mining, Inc. (NYSE:CDE) Target Price at $8.05

Coeur Mining, Inc. (NYSE:CDE) has been assigned a consensus recommendation of “Buy” from the eight analysts that are currently covering the company, Marketbeat.com reports. Six analysts have rated the stock with a buy recommendation and two have issued a strong buy recommendation on the company. The average 12 month target price among analysts that have issued a report on the stock in the last year is $8.05.

A number of research analysts recently weighed in on CDE shares. Roth Mkm decreased their target price on shares of Coeur Mining from $8.50 to $8.25 and set a “buy” rating for the company in a research report on Friday, February 21st. 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 for the company. TD Cowen raised Coeur Mining to a “strong-buy” rating in a research report on Tuesday, March 11th. Raymond James upgraded Coeur Mining from a “market perform” rating to an “outperform” rating and dropped their target price for the stock from $8.75 to $8.25 in a report on Friday, February 21st. Finally, BMO Capital Markets started coverage on Coeur Mining in a research note on Tuesday, February 18th. They issued an “outperform” rating and a $9.00 price target for the company.

Insider Buying and Selling

In other Coeur Mining news, CFO Thomas S. Whelan purchased 10,000 shares of the company’s stock in a transaction that occurred on Wednesday, February 26th. The shares were acquired at an average price of $5.25 per share, for a total transaction of $52,500.00. Following the purchase, the chief financial officer now owns 668,450 shares in the company, valued at approximately $3,509,362.50. The trade was a 1.52 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through this link. 1.56% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Coeur Mining

Several institutional investors and hedge funds have recently modified their holdings of CDE. GAMMA Investing LLC lifted its stake in shares of Coeur Mining by 139.8% during the 4th quarter. GAMMA Investing LLC now owns 5,761 shares of the basic materials company’s stock worth $33,000 after buying an additional 3,359 shares during the last quarter. Quarry LP grew its stake in Coeur Mining by 853.8% in the 4th quarter. Quarry LP now owns 6,667 shares of the basic materials company’s stock valued at $38,000 after buying an additional 5,968 shares during the last quarter. Optiver Holding B.V. raised its holdings in 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 acquiring an additional 4,903 shares during the period. FNY Investment Advisers LLC acquired a new stake in Coeur Mining during the fourth quarter worth approximately $57,000. Finally, ZEGA Investments LLC bought a new stake in shares of Coeur Mining during the fourth quarter worth approximately $64,000. 63.01% of the stock is currently owned by institutional investors and hedge funds.

Coeur Mining Stock Down 3.3 %

NYSE:CDE opened at $6.21 on Thursday. The stock has a 50-day simple moving average of $6.17 and a 200 day simple moving average of $6.36. Coeur Mining has a 52-week low of $3.36 and a 52-week high of $7.72. The company has a market cap of $3.96 billion, a PE ratio of 51.71 and a beta of 1.51. 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 (NYSE:CDE) last issued its quarterly earnings results on Wednesday, February 19th. The basic materials company reported $0.11 earnings per share 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 company had revenue of $305.40 million during the quarter, compared to analysts’ expectations of $314.32 million. On average, sell-side analysts expect that Coeur Mining will post 0.58 EPS for the current fiscal 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.