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

Shares of Coeur Mining, Inc. (NYSE:CDE) have received a consensus rating of “Buy” from the six ratings firms that are currently covering the firm, MarketBeat reports. One analyst has rated the stock with a hold recommendation, four have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12 month price objective among brokerages that have covered the stock in the last year is $7.81.

Several analysts recently weighed in on the company. BMO Capital Markets raised their price objective on Coeur Mining from $7.50 to $8.00 and gave the company an “outperform” rating in a research note on Monday, September 23rd. Canaccord Genuity Group raised their price target on shares of Coeur Mining from $7.00 to $7.75 and gave the company a “buy” rating in a research note on Tuesday, October 8th. Roth Mkm reiterated a “buy” rating and set a $8.50 price objective (down from $9.00) on shares of Coeur Mining in a research report on Friday, November 8th. StockNews.com upgraded shares of Coeur Mining from a “sell” rating to a “hold” rating in a research report on Friday, November 8th. Finally, Cantor Fitzgerald raised shares of Coeur Mining from a “hold” rating to a “strong-buy” rating in a research note on Thursday, November 7th.

Coeur Mining Stock Performance

Shares of Coeur Mining stock opened at $6.31 on Tuesday. The company has a current ratio of 1.09, a quick ratio of 0.39 and a debt-to-equity ratio of 0.53. The company has a market cap of $2.52 billion, a PE ratio of -210.17 and a beta of 1.60. The company has a 50 day moving average of $6.58 and a 200-day moving average of $6.27. Coeur Mining has a 1-year low of $2.42 and a 1-year high of $7.72.

Coeur Mining (NYSE:CDE) last released its earnings results on Wednesday, November 6th. The basic materials company reported $0.12 earnings per share for the quarter, topping the consensus estimate of $0.07 by $0.05. Coeur Mining had a positive return on equity of 1.78% and a negative net margin of 0.44%. The firm had revenue of $313.50 million during the quarter, compared to analysts’ expectations of $289.19 million. During the same period in the prior year, the company earned ($0.05) earnings per share. The company’s quarterly revenue was up 61.1% on a year-over-year basis. As a group, equities research analysts forecast that Coeur Mining will post 0.15 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Coeur Mining

Hedge funds have recently added to or reduced their stakes in the business. CWM LLC raised its stake in shares of Coeur Mining by 831.5% during the second quarter. CWM LLC now owns 5,030 shares of the basic materials company’s stock valued at $28,000 after acquiring an additional 4,490 shares during the last quarter. Point72 Asia Singapore Pte. Ltd. bought a new position in Coeur Mining during the 2nd quarter worth $49,000. Hohimer Wealth Management LLC acquired a new position in Coeur Mining during the 2nd quarter worth about $57,000. WINTON GROUP Ltd bought a new stake in shares of Coeur Mining in the 2nd quarter valued at about $57,000. Finally, CIBC Asset Management Inc acquired a new stake in shares of Coeur Mining in the second quarter valued at about $59,000. 63.01% of the stock is currently owned by institutional investors and hedge funds.

About Coeur Mining

Coeur Mining, Inc explores for precious metals in the United States, Canada, and Mexico. The company primarily explores for gold, silver, zinc, and lead properties. It markets and sells its concentrates to third-party customers, smelters, under off-take agreements. The company was formerly known as Coeur d'Alene Mines Corporation and changed its name to Coeur Mining, Inc in May 2013.