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

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

A number of analysts recently issued reports on CDE shares. Cantor Fitzgerald raised Coeur Mining from a “hold” rating to a “strong-buy” rating in a research report on Thursday, November 7th. Canaccord Genuity Group upped their price objective on Coeur Mining from $7.00 to $7.75 and gave the stock a “buy” rating in a research note on Tuesday, October 8th. BMO Capital Markets boosted their target price on shares of Coeur Mining from $7.50 to $8.00 and gave the stock an “outperform” rating in a report on Monday, September 23rd. Raymond James increased their price target on shares of 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, Roth Mkm restated a “buy” rating and set a $8.50 price objective (down from $9.00) on shares of Coeur Mining in a research note on Friday, November 8th.

Coeur Mining Stock Down 2.4 %

NYSE:CDE opened at $6.05 on Friday. Coeur Mining has a 1 year low of $2.42 and a 1 year high of $7.72. The stock has a 50-day moving average price of $6.34 and a two-hundred day moving average price of $6.30. The stock has a market cap of $2.42 billion, a price-to-earnings ratio of -201.60 and a beta of 1.60. The company has a current ratio of 1.09, a quick ratio of 0.39 and a debt-to-equity ratio of 0.53.

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

Institutional Investors Weigh In On Coeur Mining

A number of large investors have recently modified their holdings of the business. American Century Companies Inc. increased its position in Coeur Mining by 248.1% during 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 purchasing an additional 4,606,711 shares in the last quarter. Renaissance Technologies LLC bought a new stake in shares of Coeur Mining during the second quarter worth $4,822,000. JPMorgan Chase & Co. increased its holdings in shares of Coeur Mining by 88.3% during the third quarter. JPMorgan Chase & Co. now owns 1,418,716 shares of the basic materials company’s stock worth $9,761,000 after buying an additional 665,452 shares in the last quarter. Cubist Systematic Strategies LLC bought a new position in shares of Coeur Mining in the 2nd quarter valued at $2,382,000. Finally, Van ECK Associates Corp boosted its holdings in shares of Coeur Mining by 1.1% during the 3rd quarter. Van ECK Associates Corp now owns 34,469,783 shares of the basic materials company’s stock valued at $251,629,000 after acquiring an additional 365,115 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.