Brokerages Set Coeur Mining, Inc. (NYSE:CDE) Target Price at $6.44

Shares of Coeur Mining, Inc. (NYSE:CDE) have received an average rating of “Moderate Buy” from the seven research firms that are currently covering the stock, MarketBeat Ratings reports. Two equities research analysts have rated the stock with a hold recommendation and five have assigned a buy recommendation to the company. The average 12-month price objective among analysts that have updated their coverage on the stock in the last year is $6.44.

A number of brokerages have commented on CDE. BMO Capital Markets upped their target price on shares of Coeur Mining from $6.75 to $7.50 and gave the stock an “outperform” rating in a research note on Friday, July 12th. Cantor Fitzgerald downgraded Coeur Mining from an “overweight” rating to a “neutral” rating in a report on Thursday, August 8th. Roth Mkm reiterated a “buy” rating and issued a $8.00 target price (up from $7.25) on shares of Coeur Mining in a report on Friday, August 9th. Finally, Raymond James raised their price target on Coeur Mining from $5.75 to $6.25 and gave the company a “market perform” rating in a research note on Friday, August 9th.

Coeur Mining Trading Down 11.2 %

CDE stock opened at $5.46 on Friday. Coeur Mining has a twelve month low of $2.00 and a twelve month high of $6.82. The stock has a market capitalization of $2.18 billion, a price-to-earnings ratio of -17.68 and a beta of 1.60. The company has a quick ratio of 0.45, a current ratio of 1.20 and a debt-to-equity ratio of 0.59. The firm’s fifty day simple moving average is $6.07 and its two-hundred day simple moving average is $5.01.

Coeur Mining (NYSE:CDE) last issued its quarterly earnings results on Wednesday, August 7th. The basic materials company reported ($0.01) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.02) by $0.01. The firm had revenue of $222.03 million during the quarter, compared to analyst estimates of $242.18 million. Coeur Mining had a negative return on equity of 4.59% and a negative net margin of 8.33%. Coeur Mining’s quarterly revenue was up 25.3% compared to the same quarter last year. During the same period last year, the company earned ($0.06) EPS. As a group, analysts anticipate that Coeur Mining will post 0.08 earnings per share for the current year.

Institutional Investors Weigh In On Coeur Mining

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Van ECK Associates Corp grew its stake in shares of Coeur Mining by 6.5% during the first quarter. Van ECK Associates Corp now owns 38,624,849 shares of the basic materials company’s stock worth $145,616,000 after acquiring an additional 2,345,791 shares during the last quarter. Vanguard Group Inc. increased its stake in Coeur Mining by 12.5% during the 4th quarter. Vanguard Group Inc. now owns 35,854,316 shares of the basic materials company’s stock valued at $116,885,000 after purchasing an additional 3,989,352 shares in the last quarter. Dimensional Fund Advisors LP increased its stake in Coeur Mining by 0.5% during the 4th quarter. Dimensional Fund Advisors LP now owns 16,087,106 shares of the basic materials company’s stock valued at $52,445,000 after purchasing an additional 84,920 shares in the last quarter. Tidal Investments LLC purchased a new position in shares of Coeur Mining in the first quarter worth $41,587,000. Finally, American Century Companies Inc. lifted its stake in shares of Coeur Mining by 248.1% during the second quarter. American Century Companies Inc. now owns 6,463,587 shares of the basic materials company’s stock worth $36,325,000 after buying an additional 4,606,711 shares during the period. Hedge funds and other institutional investors 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.