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

Coeur Mining, Inc. (NYSE:CDE) has been assigned a consensus recommendation of “Moderate Buy” from the fourteen analysts that are currently covering the stock, Marketbeat Ratings reports. Four analysts have rated the stock with a hold rating, nine have given a buy rating and one has issued a strong buy rating on the company. The average 12-month price target among brokers that have issued a report on the stock in the last year is $26.2778.

Several equities research analysts have weighed in on CDE shares. Zacks Research upgraded Coeur Mining from a “strong sell” rating to a “hold” rating in a report on Thursday, April 30th. Cantor Fitzgerald cut Coeur Mining from a “buy” rating to a “hold” rating and set a $19.00 target price for the company. in a report on Thursday, May 7th. Canadian Imperial Bank of Commerce started coverage on Coeur Mining in a report on Tuesday, March 10th. They issued an “outperform” rating and a $40.00 target price for the company. Wall Street Zen cut Coeur Mining from a “buy” rating to a “hold” rating in a report on Saturday, May 9th. Finally, BMO Capital Markets started coverage on Coeur Mining in a report on Wednesday, March 25th. They issued an “outperform” rating and a $27.00 target price for the company.

Coeur Mining Price Performance

CDE opened at $17.20 on Friday. The business has a fifty day moving average of $18.52 and a 200 day moving average of $19.68. Coeur Mining has a 52-week low of $8.46 and a 52-week high of $27.77. The company has a quick ratio of 2.14, a current ratio of 3.73 and a debt-to-equity ratio of 0.07. The stock has a market cap of $17.80 billion, a P/E ratio of 14.83 and a beta of 1.25.

Coeur Mining (NYSE:CDE) last issued its earnings results on Wednesday, May 6th. The basic materials company reported $0.36 earnings per share for the quarter, missing the consensus estimate of $0.37 by ($0.01). Coeur Mining had a return on equity of 15.38% and a net margin of 31.15%.The firm had revenue of $856.19 million during the quarter, compared to analysts’ expectations of $815.59 million. During the same quarter in the prior year, the company posted $0.11 earnings per share. Coeur Mining’s quarterly revenue was up 137.8% compared to the same quarter last year. As a group, sell-side analysts anticipate that Coeur Mining will post 1.46 EPS for the current year.

Coeur Mining Dividend Announcement

The company also recently announced a dividend, which was paid on Wednesday, June 10th. Shareholders of record on Friday, May 22nd were issued a $0.02 dividend. This represents a dividend yield of 23.0%. The ex-dividend date was Friday, May 22nd. Coeur Mining’s dividend payout ratio is currently 3.45%.

Insider Buying and Selling at Coeur Mining

In other Coeur Mining news, CAO Kenneth J. Watkinson sold 39,000 shares of the company’s stock in a transaction on Monday, June 1st. The stock was sold at an average price of $18.60, for a total value of $725,400.00. Following the completion of the sale, the chief accounting officer directly owned 77,204 shares in the company, valued at approximately $1,435,994.40. This represents a 33.56% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 0.90% of the company’s stock.

Institutional Investors Weigh In On Coeur Mining

Institutional investors have recently added to or reduced their stakes in the stock. Triumph Capital Management grew its stake in Coeur Mining by 300.0% in the fourth quarter. Triumph Capital Management now owns 1,600 shares of the basic materials company’s stock valued at $29,000 after purchasing an additional 1,200 shares during the last quarter. EverSource Wealth Advisors LLC grew its position in shares of Coeur Mining by 74.2% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 3,368 shares of the basic materials company’s stock worth $30,000 after buying an additional 1,435 shares during the last quarter. Kingdom Financial Group LLC. purchased a new position in shares of Coeur Mining in the 4th quarter worth approximately $32,000. Kemnay Advisory Services Inc. bought a new position in shares of Coeur Mining during the 4th quarter worth approximately $33,000. Finally, Transamerica Financial Advisors LLC bought a new position in shares of Coeur Mining during the 4th quarter worth approximately $34,000. Institutional investors own 63.01% of the company’s stock.

About Coeur Mining

Coeur Mining, Inc is a publicly traded precious metals mining company headquartered in Chicago, Illinois. The company specializes in the exploration, development and production of silver and gold deposits, with a focus on high-grade underground and open-pit operations. Through a combination of operating mines and advanced exploration projects, Coeur Mining seeks to deliver consistent production of silver and gold bullion while maintaining industry standards for safety, environmental stewardship and cost management.

Coeur Mining’s portfolio includes five principal operating mines and several exploration projects across North America and Australia.