Coeur Mining, Inc. (NYSE:CDE) Given Consensus Recommendation of “Moderate Buy” by Analysts

Shares of Coeur Mining, Inc. (NYSE:CDE) have been assigned a consensus recommendation of “Moderate Buy” from the fourteen brokerages that are covering the firm, MarketBeat.com reports. Four research analysts have rated the stock with a hold recommendation, nine have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average 1 year price target among brokerages that have issued ratings on the stock in the last year is $26.2778.

Several analysts have recently commented on the company. Weiss Ratings reissued a “hold (c+)” rating on shares of Coeur Mining in a research note on Wednesday, June 24th. Canadian Imperial Bank of Commerce began coverage on Coeur Mining in a research report on Tuesday, March 10th. They set an “outperform” rating and a $40.00 target price on the stock. Roth Capital reiterated a “buy” rating and set a $25.00 price target on shares of Coeur Mining in a report on Friday, May 8th. ATB Cormark Capital Markets raised Coeur Mining from a “hold” rating to a “moderate buy” rating in a research report on Tuesday, March 24th. Finally, Cantor Fitzgerald cut Coeur Mining from a “buy” rating to a “hold” rating and set a $19.00 price objective on the stock. in a research note on Thursday, May 7th.

Coeur Mining Stock Down 5.6%

Shares of NYSE CDE opened at $16.04 on Wednesday. The company has a debt-to-equity ratio of 0.07, a current ratio of 3.73 and a quick ratio of 2.14. The company has a 50-day moving average price of $17.64 and a 200-day moving average price of $19.77. The stock has a market capitalization of $16.59 billion, a P/E ratio of 13.83 and a beta of 1.29. Coeur Mining has a 1 year low of $8.56 and a 1 year high of $27.77.

Coeur Mining (NYSE:CDE) last announced its quarterly 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). The business had revenue of $856.19 million during the quarter, compared to the consensus estimate of $815.59 million. Coeur Mining had a net margin of 31.15% and a return on equity of 15.38%. Coeur Mining’s revenue was up 137.8% compared to the same quarter last year. During the same period in the previous year, the business posted $0.11 EPS. On average, equities research analysts forecast that Coeur Mining will post 1.46 EPS for the current fiscal year.

Coeur Mining Announces Dividend

The company also recently declared a dividend, which was paid on Wednesday, June 10th. Investors of record on Friday, May 22nd were given a dividend of $0.02 per share. This represents a dividend yield of 23.0%. The ex-dividend date of this dividend was Friday, May 22nd. Coeur Mining’s dividend payout ratio (DPR) is presently 3.45%.

Insiders Place Their Bets

In related news, CAO Kenneth J. Watkinson sold 39,000 shares of the business’s stock in a transaction dated Monday, June 1st. The shares were sold at an average price of $18.60, for a total transaction of $725,400.00. Following the transaction, the chief accounting officer directly owned 77,204 shares in the company, valued at approximately $1,435,994.40. The trade was a 33.56% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 0.90% of the company’s stock.

Hedge Funds Weigh In On Coeur Mining

Hedge funds have recently modified their holdings of the company. AQR Capital Management LLC grew its holdings in shares of Coeur Mining by 60.2% in the first quarter. AQR Capital Management LLC now owns 748,907 shares of the basic materials company’s stock valued at $4,434,000 after acquiring an additional 281,489 shares in the last quarter. Goldman Sachs Group Inc. boosted its position in Coeur Mining by 18.1% in the first quarter. Goldman Sachs Group Inc. now owns 8,352,940 shares of the basic materials company’s stock worth $49,449,000 after purchasing an additional 1,278,110 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its stake in Coeur Mining by 122.6% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 2,431,244 shares of the basic materials company’s stock valued at $14,393,000 after purchasing an additional 1,339,138 shares during the period. Focus Partners Wealth bought a new position in Coeur Mining in the 1st quarter valued at $60,000. Finally, Intech Investment Management LLC grew its stake in Coeur Mining by 58.4% in the 1st quarter. Intech Investment Management LLC now owns 269,203 shares of the basic materials company’s stock valued at $1,594,000 after purchasing an additional 99,256 shares during the period. 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.