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

Shares of Coeur Mining, Inc. (NYSE:CDE) have earned an average recommendation of “Buy” from the six research firms that are currently covering the firm, Marketbeat reports. One analyst has rated the stock with a hold rating, four have given a buy rating and one has issued a strong buy rating on the company. The average 1 year price target among brokers that have covered the stock in the last year is $7.81.

A number of brokerages have commented on CDE. Canaccord Genuity Group raised their price objective on Coeur Mining from $7.00 to $7.75 and gave the stock a “buy” rating in a research report on Tuesday, October 8th. Raymond James raised their price objective on Coeur Mining from $6.25 to $7.00 and gave the stock a “market perform” rating in a research report on Friday, September 20th. StockNews.com upgraded Coeur Mining from a “sell” rating to a “hold” rating in a research report on Friday, November 8th. 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. 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 report on Friday, November 8th.

Coeur Mining Trading Up 2.5 %

NYSE:CDE opened at $6.23 on Friday. The stock has a fifty day simple moving average of $6.60 and a 200-day simple moving average of $6.06. Coeur Mining has a 52-week low of $2.30 and a 52-week high of $7.72. The company has a market capitalization of $2.49 billion, a PE ratio of -207.60 and a beta of 1.65. 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 quarterly earnings data on Wednesday, November 6th. The basic materials company reported $0.12 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.07 by $0.05. The company had revenue of $313.50 million during the quarter, compared to the consensus estimate of $289.19 million. Coeur Mining had a negative net margin of 0.44% and a positive return on equity of 1.78%. Coeur Mining’s revenue for the quarter was up 61.1% on a year-over-year basis. During the same quarter last year, the company earned ($0.05) earnings per share. On average, equities research analysts expect that Coeur Mining will post 0.16 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Coeur Mining

A number of hedge funds have recently added to or reduced their stakes in CDE. BNP Paribas Financial Markets grew its position in Coeur Mining by 149.1% during the first quarter. BNP Paribas Financial Markets now owns 323,988 shares of the basic materials company’s stock valued at $1,221,000 after buying an additional 193,912 shares during the period. SG Americas Securities LLC boosted its holdings in shares of Coeur Mining by 247.7% in the 1st quarter. SG Americas Securities LLC now owns 113,038 shares of the basic materials company’s stock valued at $426,000 after buying an additional 80,531 shares in the last quarter. Swiss National Bank raised its position in Coeur Mining by 8.5% in the 1st quarter. Swiss National Bank now owns 755,500 shares of the basic materials company’s stock valued at $2,848,000 after purchasing an additional 59,500 shares during the last quarter. Russell Investments Group Ltd. raised its position in Coeur Mining by 32.4% during the 1st quarter. Russell Investments Group Ltd. now owns 24,337 shares of the basic materials company’s stock worth $92,000 after buying an additional 5,956 shares during the last quarter. Finally, ProShare Advisors LLC increased its holdings in shares of Coeur Mining by 17.6% in the 1st quarter. ProShare Advisors LLC now owns 64,488 shares of the basic materials company’s stock valued at $243,000 after purchasing an additional 9,648 shares in the last quarter. 63.01% of the stock is currently owned by institutional investors.

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.