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

Shares of Coeur Mining, Inc. (NYSE:CDE) have earned an average recommendation of “Buy” from the six brokerages that are covering the firm, MarketBeat.com reports. One analyst has rated the stock with a hold recommendation, four have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12 month target price among analysts that have issued a report on the stock in the last year is $7.81.

Several research firms recently weighed in on CDE. Roth Mkm reaffirmed a “buy” rating and issued a $8.50 price objective (down previously from $9.00) on shares of Coeur Mining in a report on Friday, November 8th. Canaccord Genuity Group upped their price target on shares of Coeur Mining from $7.00 to $7.75 and gave the stock a “buy” rating in a research note on Tuesday, October 8th. StockNews.com upgraded shares of Coeur Mining from a “sell” rating to a “hold” rating in a research note on Friday, November 8th. Finally, Cantor Fitzgerald upgraded Coeur Mining from a “hold” rating to a “strong-buy” rating in a research report on Thursday, November 7th.

Coeur Mining Stock Up 4.2 %

Shares of NYSE:CDE opened at $6.28 on Wednesday. The company has a debt-to-equity ratio of 0.53, a quick ratio of 0.39 and a current ratio of 1.09. Coeur Mining has a 1-year low of $2.42 and a 1-year high of $7.72. The company’s fifty day moving average is $6.30 and its two-hundred day moving average is $6.34. The stock has a market capitalization of $2.51 billion, a price-to-earnings ratio of -209.10 and a beta of 1.60.

Coeur Mining (NYSE:CDE) last posted its earnings results on Wednesday, November 6th. The basic materials company reported $0.12 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.07 by $0.05. The company had revenue of $313.50 million for the quarter, compared to analysts’ expectations of $289.19 million. Coeur Mining had a positive return on equity of 1.78% and a negative net margin of 0.44%. The firm’s quarterly revenue was up 61.1% compared to the same quarter last year. During the same period last year, the business posted ($0.05) earnings per share. Equities analysts anticipate that Coeur Mining will post 0.22 EPS for the current year.

Institutional Trading of Coeur Mining

A number of institutional investors have recently added to or reduced their stakes in CDE. Van ECK Associates Corp raised its stake in shares of Coeur Mining by 1.1% in 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. Geode Capital Management LLC raised its position in shares of Coeur Mining by 1.0% in the third quarter. Geode Capital Management LLC now owns 9,146,107 shares of the basic materials company’s stock valued at $62,937,000 after purchasing an additional 89,863 shares during the period. Millennium Management LLC boosted its holdings in shares of Coeur Mining by 2.6% during the 2nd quarter. Millennium Management LLC now owns 2,833,850 shares of the basic materials company’s stock worth $15,926,000 after buying an additional 72,423 shares during the period. JPMorgan Chase & Co. grew its stake in Coeur Mining by 88.3% in the 3rd quarter. JPMorgan Chase & Co. now owns 1,418,716 shares of the basic materials company’s stock valued at $9,761,000 after buying an additional 665,452 shares during the last quarter. Finally, Barclays PLC raised its holdings in Coeur Mining by 59.2% in the 3rd quarter. Barclays PLC now owns 962,652 shares of the basic materials company’s stock worth $6,624,000 after acquiring an additional 358,097 shares during the period. 63.01% of the stock is currently owned by institutional investors and hedge funds.

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.