Coeur Mining, Inc. (NYSE:CDE) Receives Average Rating of “Buy” from Analysts

Coeur Mining, Inc. (NYSE:CDE) has been given a consensus rating of “Buy” by the six brokerages that are covering the company, MarketBeat.com reports. One analyst has rated the stock with a hold rating, four have issued a buy rating and one has given a strong buy rating to the company. The average twelve-month price target among brokers that have updated their coverage on the stock in the last year is $7.81.

A number of research analysts recently commented on CDE shares. BMO Capital Markets upped their price objective on Coeur Mining from $7.50 to $8.00 and gave the company an “outperform” rating in a report on Monday, September 23rd. Raymond James increased their price target on Coeur Mining from $6.25 to $7.00 and gave the stock a “market perform” rating in a report on Friday, September 20th. StockNews.com upgraded shares of Coeur Mining from a “sell” rating to a “hold” rating in a report on Friday, November 8th. Roth Mkm reaffirmed a “buy” rating and set a $8.50 target price (down previously from $9.00) on shares of Coeur Mining in a research note on Friday, November 8th. Finally, Canaccord Genuity Group lifted their price target on shares of Coeur Mining from $7.00 to $7.75 and gave the company a “buy” rating in a research report on Tuesday, October 8th.

Coeur Mining Trading Up 6.9 %

Shares of CDE opened at $7.11 on Tuesday. Coeur Mining has a 52-week low of $2.42 and a 52-week high of $7.72. The stock has a market cap of $2.84 billion, a PE ratio of -236.92 and a beta of 1.60. The firm’s fifty day moving average is $6.57 and its two-hundred day moving average is $6.23. The company has a quick ratio of 0.39, a current ratio of 1.09 and a debt-to-equity ratio of 0.53.

Coeur Mining (NYSE:CDE) last issued 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 business had revenue of $313.50 million for the quarter, compared to analysts’ expectations of $289.19 million. During the same period in the previous year, the firm posted ($0.05) EPS. The business’s revenue for the quarter was up 61.1% compared to the same quarter last year. 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

A number of hedge funds have recently bought and sold shares of the stock. California State Teachers Retirement System raised its holdings in shares of Coeur Mining by 3.0% in the 1st quarter. California State Teachers Retirement System now owns 380,213 shares of the basic materials company’s stock valued at $1,433,000 after purchasing an additional 11,183 shares in the last quarter. CWM LLC lifted its holdings in Coeur Mining by 831.5% during the 2nd quarter. CWM LLC now owns 5,030 shares of the basic materials company’s stock worth $28,000 after buying an additional 4,490 shares during the last quarter. M&G Plc acquired a new position in shares of Coeur Mining during the 2nd quarter worth about $9,966,000. Oak Family Advisors LLC purchased a new position in shares of Coeur Mining in the 2nd quarter valued at about $97,000. Finally, U S Global Investors Inc. raised its position in shares of Coeur Mining by 50.0% during the 2nd quarter. U S Global Investors Inc. now owns 225,000 shares of the basic materials company’s stock worth $1,264,000 after acquiring an additional 75,000 shares in the last quarter. Institutional investors and hedge funds own 63.01% of the company’s stock.

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.