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

Coeur Mining, Inc. (NYSE:CDE) has been given an average recommendation of “Moderate Buy” by the fourteen ratings firms that are currently covering the firm, Marketbeat reports. One equities research analyst has rated the stock with a sell recommendation, three have given a hold recommendation, nine have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1-year target price among brokers that have issued a report on the stock in the last year is $26.3889.

A number of analysts have recently issued reports on CDE shares. Weiss Ratings reiterated a “hold (c+)” rating on shares of Coeur Mining in a research report on Wednesday, June 24th. Roth Capital reaffirmed a “buy” rating and issued a $25.00 target price on shares of Coeur Mining in a research note on Friday, May 8th. Cantor Fitzgerald lowered shares of Coeur Mining from a “buy” rating to a “hold” rating and set a $19.00 target price for the company. in a research report on Thursday, May 7th. Canaccord Genuity Group raised shares of Coeur Mining from a “hold” rating to a “buy” rating and set a $26.00 price target for the company in a research note on Wednesday, April 29th. Finally, Scotiabank reissued an “outperform” rating and issued a $28.50 price target on shares of Coeur Mining in a research note on Tuesday, July 14th.

Coeur Mining Trading Down 10.1%

Shares of CDE stock opened at $15.68 on Friday. The company has a market capitalization of $16.22 billion, a PE ratio of 13.40 and a beta of 1.32. Coeur Mining has a 52-week low of $9.89 and a 52-week high of $27.77. The business’s fifty day moving average is $16.41 and its 200 day moving average is $19.18. The company has a debt-to-equity ratio of 0.07, a quick ratio of 2.14 and a current ratio of 3.73.

Coeur Mining (NYSE:CDE) last posted its earnings results on Wednesday, August 5th. The basic materials company reported $0.12 EPS for the quarter, missing the consensus estimate of $0.26 by ($0.14). The business had revenue of $1.09 billion for the quarter, compared to analysts’ expectations of $1.24 billion. Coeur Mining had a return on equity of 13.39% and a net margin of 26.82%.Coeur Mining’s quarterly revenue was up 125.8% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.20 earnings per share. On average, equities research analysts anticipate that Coeur Mining will post 1.25 EPS for the current fiscal year.

Coeur Mining Announces Dividend

The business also recently disclosed a dividend, which was paid on Wednesday, June 10th. Stockholders of record on Friday, May 22nd were issued 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 payout ratio is currently 3.42%.

Insider Transactions at Coeur Mining

In related news, CAO Kenneth J. Watkinson sold 39,000 shares of the 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 transaction, the chief accounting officer owned 77,204 shares of the company’s stock, valued at $1,435,994.40. This represents a 33.56% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 0.90% of the company’s stock.

Hedge Funds Weigh In On Coeur Mining

Hedge funds and other institutional investors have recently modified their holdings of the company. Bank of New York Mellon Corp bought a new position in shares of Coeur Mining during the 2nd quarter valued at about $104,760,000. Steadtrust LLC raised its holdings in shares of Coeur Mining by 11.1% during the 2nd quarter. Steadtrust LLC now owns 182,709 shares of the basic materials company’s stock valued at $2,982,000 after buying an additional 18,200 shares in the last quarter. Polianta Ltd lifted its position in Coeur Mining by 30.5% in the 2nd quarter. Polianta Ltd now owns 114,200 shares of the basic materials company’s stock worth $1,863,000 after buying an additional 26,700 shares during the last quarter. GK Wealth Management LLC bought a new stake in Coeur Mining in the 2nd quarter worth approximately $663,000. Finally, GAMMA Investing LLC boosted its stake in Coeur Mining by 87.4% in the second quarter. GAMMA Investing LLC now owns 17,160 shares of the basic materials company’s stock worth $280,000 after buying an additional 8,003 shares in the last quarter. 63.01% of the stock is currently owned by hedge funds and other institutional investors.

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.