Brokerages Set Coeur Mining, Inc. (CDE) Target Price at $14.18

Brokerages Set Coeur Mining, Inc. (CDE) Target Price at $14.18

Coeur Mining, Inc. (NYSE:CDE) has received an average recommendation of “Buy” from the eleven brokerages that are covering the stock. One investment analyst has rated the stock with a sell recommendation, two have assigned a hold recommendation and eight have assigned a buy recommendation to the company. The average 1 year target price among brokerages that have updated their coverage on the stock in the last year is $13.84.

CDE has been the subject of several recent analyst reports. Zacks Investment Research upgraded shares of Coeur Mining from a “hold” rating to a “buy” rating and set a $12.00 target price for the company in a research note on Tuesday, October 18th. Canaccord Genuity initiated coverage on shares of Coeur Mining in a research note on Tuesday, October 25th. They issued a “buy” rating and a $13.00 target price for the company. Vetr upgraded shares of Coeur Mining from a “buy” rating to a “strong-buy” rating and set a $11.10 target price for the company in a research note on Monday, November 28th. Raymond James Financial, Inc. reissued an “outperform” rating and issued a $11.75 price target on shares of Coeur Mining in a report on Thursday. Finally, RBC Capital Markets reissued an “outperform” rating and issued a $18.00 price target (down from $19.00) on shares of Coeur Mining in a report on Friday, November 18th.

In other news, insider Mitchell J. Krebs sold 73,142 shares of the firm’s stock in a transaction that occurred on Thursday, January 5th. The shares were sold at an average price of $10.13, for a total transaction of $740,928.46. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 1.53% of the stock is currently owned by company insiders.

Hedge funds have recently bought and sold shares of the company. BlackRock Advisors LLC raised its stake in Coeur Mining by 34.9% in the third quarter. BlackRock Advisors LLC now owns 225,433 shares of the company’s stock valued at $2,667,000 after buying an additional 58,331 shares in the last quarter. Sloane Robinson LLP raised its stake in Coeur Mining by 36.9% in the third quarter. Sloane Robinson LLP now owns 133,600 shares of the company’s stock valued at $1,913,000 after buying an additional 36,000 shares in the last quarter. Quantbot Technologies LP raised its stake in Coeur Mining by 163.7% in the third quarter. Quantbot Technologies LP now owns 102,872 shares of the company’s stock valued at $1,216,000 after buying an additional 63,865 shares in the last quarter. New York State Common Retirement Fund raised its stake in Coeur Mining by 30.5% in the third quarter. New York State Common Retirement Fund now owns 166,200 shares of the company’s stock valued at $1,966,000 after buying an additional 38,800 shares in the last quarter. Finally, Teachers Advisors LLC raised its stake in Coeur Mining by 6.3% in the third quarter. Teachers Advisors LLC now owns 1,454,977 shares of the company’s stock valued at $17,212,000 after buying an additional 86,523 shares in the last quarter. Institutional investors and hedge funds own 60.82% of the company’s stock.

Shares of Coeur Mining (NYSE:CDE) opened at 9.39 on Tuesday. Coeur Mining has a 12-month low of $2.74 and a 12-month high of $16.41. The firm’s 50-day moving average price is $10.82 and its 200-day moving average price is $11.76. The firm’s market capitalization is $1.60 billion.

Coeur Mining (NYSE:CDE) last issued its earnings results on Wednesday, February 8th. The company reported $0.01 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.11 by $0.10. Coeur Mining had a negative net margin of 35.68% and a positive return on equity of 1.35%. The firm earned $159.20 million during the quarter, compared to analyst estimates of $189.85 million. During the same quarter last year, the business posted ($0.27) earnings per share. The company’s revenue for the quarter was down 3.0% on a year-over-year basis. Equities analysts predict that Coeur Mining will post $0.51 earnings per share for the current fiscal year.

About Coeur Mining

Coeur Mining, Inc is a gold and silver producer. The Company’s segments include Palmarejo complex, Rochester, Kensington, Wharf and San Bartolome mines, and Coeur Capital. The Company also a non-operating interest in the Endeavor mine in Australia in addition to royalties on the El Gallo complex in Mexico, the Zaruma mine in Ecuador, and the Correnso mine in New Zealand.

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