Coeur Mining, Inc. (NYSE:CDE) Receives Average Recommendation of “Moderate Buy” from Brokerages

Coeur Mining, Inc. (NYSE:CDE) has earned a consensus recommendation of “Moderate Buy” from the five research firms that are currently covering the firm, Marketbeat.com reports. Two equities research analysts have rated the stock with a hold rating and three have issued a buy rating on the company. The average twelve-month target price among brokers that have issued a report on the stock in the last year is $7.83.

A number of equities analysts recently commented on the company. Roth Mkm raised their target price on Coeur Mining from $8.00 to $8.50 and gave the stock a “buy” rating in a report on Wednesday, September 25th. BMO Capital Markets lifted their price objective on Coeur Mining from $7.50 to $8.00 and gave the company an “outperform” rating in a research report on Monday, September 23rd. Raymond James boosted their price objective on Coeur Mining from $6.25 to $7.00 and gave the company a “market perform” rating in a research note on Friday, September 20th. Finally, Cantor Fitzgerald cut shares of Coeur Mining from an “overweight” rating to a “neutral” rating in a research note on Thursday, August 8th.

Institutional Investors Weigh In On Coeur Mining

A number of institutional investors have recently added to or reduced their stakes in the stock. Tidal Investments LLC bought a new stake in shares of Coeur Mining in the first quarter worth about $41,587,000. American Century Companies Inc. increased its stake in Coeur Mining by 248.1% in the 2nd quarter. American Century Companies Inc. now owns 6,463,587 shares of the basic materials company’s stock worth $36,325,000 after acquiring an additional 4,606,711 shares during the last quarter. Vanguard Group Inc. raised its holdings in shares of Coeur Mining by 12.5% during the 4th quarter. Vanguard Group Inc. now owns 35,854,316 shares of the basic materials company’s stock worth $116,885,000 after acquiring an additional 3,989,352 shares in the last quarter. Van ECK Associates Corp boosted its position in shares of Coeur Mining by 6.5% during the 1st quarter. Van ECK Associates Corp now owns 38,624,849 shares of the basic materials company’s stock valued at $145,616,000 after acquiring an additional 2,345,791 shares during the last quarter. Finally, M&G Plc purchased a new position in shares of Coeur Mining in the second quarter valued at $9,966,000. 63.01% of the stock is owned by hedge funds and other institutional investors.

Coeur Mining Trading Down 3.5 %

Coeur Mining stock opened at $6.88 on Thursday. Coeur Mining has a 52-week low of $2.00 and a 52-week high of $7.72. The company has a market cap of $2.75 billion, a P/E ratio of -22.19 and a beta of 1.64. The company has a quick ratio of 0.45, a current ratio of 1.20 and a debt-to-equity ratio of 0.59. The business has a 50-day simple moving average of $6.21 and a two-hundred day simple moving average of $5.53.

Coeur Mining (NYSE:CDE) last announced its earnings results on Wednesday, August 7th. The basic materials company reported ($0.01) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.02) by $0.01. The company had revenue of $222.03 million during the quarter, compared to analyst estimates of $242.18 million. Coeur Mining had a negative net margin of 8.33% and a negative return on equity of 4.59%. The firm’s quarterly revenue was up 25.3% compared to the same quarter last year. During the same period in the previous year, the business posted ($0.06) earnings per share. Analysts predict that Coeur Mining will post 0.08 EPS for the current year.

Coeur Mining Company Profile

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.