Coeur Mining, Inc. (NYSE:CDE) Receives $7.81 Consensus PT from Analysts

Shares of Coeur Mining, Inc. (NYSE:CDE) have been given an average recommendation of “Buy” by the six brokerages that are currently covering the stock, Marketbeat reports. One investment analyst has rated the stock with a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company. The average 1 year price target among analysts that have updated their coverage on the stock in the last year is $7.81.

Several research firms have recently commented on CDE. Raymond James raised their price objective 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. BMO Capital Markets raised their price objective on shares of Coeur Mining from $7.50 to $8.00 and gave the company an “outperform” rating in a research note on Monday, September 23rd. Canaccord Genuity Group raised their target price on shares of Coeur Mining from $7.00 to $7.75 and gave the company a “buy” rating in a report on Tuesday, October 8th. Cantor Fitzgerald raised shares of Coeur Mining from a “hold” rating to a “strong-buy” rating in a report on Thursday, November 7th. Finally, StockNews.com raised shares of Coeur Mining from a “sell” rating to a “hold” rating in a report on Friday, November 8th.

Institutional Trading of Coeur Mining

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Jennison Associates LLC acquired a new stake in Coeur Mining during the third quarter worth approximately $579,000. XTX Topco Ltd acquired a new stake in Coeur Mining during the third quarter worth approximately $1,311,000. Van ECK Associates Corp raised its holdings in Coeur Mining by 1.1% during the third quarter. Van ECK Associates Corp now owns 34,469,783 shares of the basic materials company’s stock worth $251,629,000 after purchasing an additional 365,115 shares in the last quarter. U S Global Investors Inc. raised its holdings in Coeur Mining by 160.4% during the third quarter. U S Global Investors Inc. now owns 586,000 shares of the basic materials company’s stock worth $4,032,000 after purchasing an additional 361,000 shares in the last quarter. Finally, AQR Capital Management LLC raised its holdings in Coeur Mining by 84.6% during the second quarter. AQR Capital Management LLC now owns 487,609 shares of the basic materials company’s stock worth $2,740,000 after purchasing an additional 223,529 shares in the last quarter. Institutional investors and hedge funds own 63.01% of the company’s stock.

Coeur Mining Trading Down 2.8 %

NYSE CDE opened at $6.26 on Friday. The firm has a 50 day simple moving average of $6.31 and a 200-day simple moving average of $6.32. 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 one year low of $2.42 and a one year high of $7.72. The firm has a market cap of $2.50 billion, a price-to-earnings ratio of -208.60 and a beta of 1.60.

Coeur Mining (NYSE:CDE) last posted its quarterly earnings data on Wednesday, November 6th. The basic materials company reported $0.12 EPS 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 business had revenue of $313.50 million during the quarter, compared to analyst estimates of $289.19 million. During the same quarter last year, the firm posted ($0.05) earnings per share. The business’s revenue for the quarter was up 61.1% compared to the same quarter last year. Equities research analysts anticipate that Coeur Mining will post 0.15 EPS for the current fiscal year.

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.