Coeur Mining, Inc. (NYSE:CDE) Stock Has Average Target Price of $25.25

Coeur Mining, Inc. (NYSE:CDE) has been given a consensus recommendation of “Moderate Buy” by the eleven brokerages that are covering the stock, Marketbeat Ratings reports. One research analyst has rated the stock with a sell recommendation, two have assigned a hold recommendation, seven have issued a buy recommendation and one has given a strong buy recommendation to the company. The average 12-month price target among brokers that have issued ratings on the stock in the last year is $25.28.

A number of brokerages have recently issued reports on CDE. Scotiabank cut their price target on Coeur Mining from $26.50 to $23.50 and set a “sector outperform” rating on the stock in a report on Monday. New Street Research set a $23.50 price target on Coeur Mining in a research report on Monday. Roth Capital set a $19.00 price objective on Coeur Mining in a research note on Friday, August 7th. Zacks Research downgraded Coeur Mining from a “hold” rating to a “strong sell” rating in a research report on Monday. Finally, Weiss Ratings downgraded Coeur Mining from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Tuesday, October 27th.

Insider Buying and Selling at Coeur Mining

In other Coeur Mining news, Director J. Kenneth Thompson sold 25,000 shares of the stock in a transaction dated Wednesday, August 19th. The shares were sold at an average price of $20.77, for a total transaction of $519,250.00. Following the completion of the sale, the director directly owned 257,333 shares of the company’s stock, valued at approximately $5,344,806.41. This represents a 8.85% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, EVP Casey Nault sold 10,000 shares of the firm’s stock in a transaction dated Tuesday, September 8th. The shares were sold at an average price of $21.06, for a total transaction of $210,600.00. Following the completion of the sale, the executive vice president owned 530,086 shares in the company, valued at $11,163,611.16. This represents a 1.85% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last ninety days, insiders sold 51,000 shares of company stock valued at $1,055,070. 0.90% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Coeur Mining

Several institutional investors have recently bought and sold shares of CDE. Arrowstreet Capital Limited Partnership increased its position in shares of Coeur Mining by 92.1% during the first quarter. Arrowstreet Capital Limited Partnership now owns 27,981,273 shares of the basic materials company’s stock worth $524,669,000 after purchasing an additional 13,418,041 shares in the last quarter. Bank of New York Mellon Corp acquired a new stake in shares of Coeur Mining in the 2nd quarter worth $104,760,000. Renaissance Technologies LLC grew its stake in Coeur Mining by 889.6% during the 1st quarter. Renaissance Technologies LLC now owns 6,870,813 shares of the basic materials company’s stock worth $128,965,000 after buying an additional 6,176,524 shares during the last quarter. Dimensional Fund Advisors LP grew its stake in Coeur Mining by 34.4% during the 1st quarter. Dimensional Fund Advisors LP now owns 12,872,677 shares of the basic materials company’s stock worth $241,484,000 after buying an additional 3,291,431 shares during the last quarter. Finally, Amundi grew its stake in Coeur Mining by 107.0% during the 1st quarter. Amundi now owns 6,164,731 shares of the basic materials company’s stock worth $115,712,000 after buying an additional 3,186,761 shares during the last quarter. 63.01% of the stock is currently owned by institutional investors and hedge funds.

Coeur Mining Price Performance

NYSE CDE opened at $14.32 on Tuesday. The company has a market cap of $14.64 billion, a PE ratio of 16.16 and a beta of 1.46. The firm’s 50 day moving average price is $16.98 and its 200-day moving average price is $18.57. The company has a debt-to-equity ratio of 0.07, a quick ratio of 2.60 and a current ratio of 3.79. Coeur Mining has a 52-week low of $12.71 and a 52-week high of $27.77.

Coeur Mining (NYSE:CDE) last issued its quarterly earnings data on Wednesday, November 4th. The basic materials company reported $0.10 EPS for the quarter, missing analysts’ consensus estimates of $0.14 by ($0.04). The business had revenue of $983.62 million during the quarter, compared to the consensus estimate of $1.14 billion. Coeur Mining had a return on equity of 8.12% and a net margin of 19.25%. The business’s quarterly revenue was up 77.4% on a year-over-year basis. During the same period last year, the firm earned $0.23 EPS. Sell-side analysts forecast that Coeur Mining will post 0.77 EPS for the current fiscal year.

Coeur Mining Announces Dividend

The company also recently announced a dividend, which will be paid on Wednesday, December 16th. Shareholders of record on Monday, November 30th will be issued a $0.02 dividend. The ex-dividend date is Monday, November 30th. This represents a yield of 27.0%. Coeur Mining’s payout ratio is currently 4.60%.

About Coeur Mining

Coeur Mining, Inc. is a precious metals producer focused on the exploration, development and operation of mines. The company primarily produces silver and gold, with its output also including related metals. Coeur operates mines in the United States and Mexico. Its portfolio includes silver-and-gold operations as well as gold-focused mines, and the company also conducts exploration to identify and develop mineral resources. Founded in 1928, Coeur Mining is headquartered in Chicago. Mitchell J. Krebs serves as the company’s president and chief executive officer.