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

Coeur Mining, Inc. (NYSE:CDE) has received a consensus rating of “Buy” from the six ratings firms that are currently covering the stock, MarketBeat.com reports. One research analyst has rated the stock with a hold rating, four have issued a buy rating and one has issued a strong buy rating on the company. The average 1-year target price among brokerages that have updated their coverage on the stock in the last year is $7.81.

CDE has been the topic of a number of analyst reports. Roth Mkm reiterated a “buy” rating and issued a $8.50 price target (down previously from $9.00) on shares of Coeur Mining in a research report on Friday, November 8th. StockNews.com raised shares of Coeur Mining from a “sell” rating to a “hold” rating in a research report on Friday, November 8th. Cantor Fitzgerald upgraded shares of Coeur Mining from a “hold” rating to a “strong-buy” rating in a research report on Thursday, November 7th. Raymond James increased their price objective on shares of Coeur Mining from $6.25 to $7.00 and gave the stock a “market perform” rating in a research report on Friday, September 20th. Finally, Canaccord Genuity Group boosted 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.

Institutional Investors Weigh In On Coeur Mining

Several hedge funds and other institutional investors have recently bought and sold shares of CDE. Van ECK Associates Corp lifted its holdings 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 worth $251,629,000 after purchasing an additional 365,115 shares in the last quarter. Geode Capital Management LLC lifted its stake 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 buying an additional 89,863 shares in the last quarter. American Century Companies Inc. grew its holdings 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 valued at $36,325,000 after buying an additional 4,606,711 shares during the last quarter. Millennium Management LLC increased its position in shares of Coeur Mining by 2.6% during the second quarter. Millennium Management LLC now owns 2,833,850 shares of the basic materials company’s stock worth $15,926,000 after acquiring an additional 72,423 shares in the last quarter. Finally, First Eagle Investment Management LLC raised its holdings in shares of Coeur Mining by 4.0% in the 2nd quarter. First Eagle Investment Management LLC now owns 2,453,721 shares of the basic materials company’s stock worth $13,790,000 after acquiring an additional 93,500 shares during the last quarter. 63.01% of the stock is owned by institutional investors.

Coeur Mining Stock Down 2.4 %

NYSE:CDE opened at $6.05 on Friday. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.09 and a quick ratio of 0.39. Coeur Mining has a one year low of $2.42 and a one year high of $7.72. The firm’s 50 day simple moving average is $6.34 and its 200 day simple moving average is $6.30. The company has a market cap of $2.42 billion, a PE ratio of -201.60 and a beta of 1.60.

Coeur Mining (NYSE:CDE) last issued its quarterly earnings results on Wednesday, November 6th. The basic materials company reported $0.12 EPS for the quarter, topping analysts’ consensus estimates of $0.07 by $0.05. The company had revenue of $313.50 million for the quarter, compared to analyst estimates 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 was up 61.1% compared to the same quarter last year. During the same quarter in the previous year, the business earned ($0.05) earnings per share. On average, research analysts anticipate that Coeur Mining will post 0.15 earnings per share for the current 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.