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

Shares of Coeur Mining, Inc. (NYSE:CDE) have been given a consensus rating of “Buy” by the six research firms that are currently covering the firm, Marketbeat.com reports. One research analyst has rated the stock with a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company. The average 12-month price objective among brokers that have issued ratings on the stock in the last year is $7.81.

A number of research firms have issued reports on CDE. StockNews.com raised Coeur Mining from a “sell” rating to a “hold” rating in a research report on Friday, November 8th. Cantor Fitzgerald upgraded Coeur Mining from a “hold” rating to a “strong-buy” rating in a report on Thursday, November 7th. Raymond James raised their price target on shares of Coeur Mining from $6.25 to $7.00 and gave the company a “market perform” rating in a report on Friday, September 20th. Canaccord Genuity Group boosted their price objective 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. Finally, BMO Capital Markets increased their price objective on shares of Coeur Mining from $7.50 to $8.00 and gave the stock an “outperform” rating in a research report on Monday, September 23rd.

Coeur Mining Trading Down 1.4 %

Shares of CDE opened at $6.14 on Friday. Coeur Mining has a fifty-two week low of $2.39 and a fifty-two week high of $7.72. The company has a market capitalization of $2.45 billion, a PE ratio of -204.60 and a beta of 1.65. The stock has a fifty day moving average of $6.63 and a two-hundred day moving average of $6.08. 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 (NYSE:CDE) last issued its quarterly earnings results on Wednesday, November 6th. The basic materials company reported $0.12 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.07 by $0.05. Coeur Mining had a positive return on equity of 1.78% and a negative net margin of 0.44%. The firm had revenue of $313.50 million for the quarter, compared to analyst estimates of $289.19 million. During the same period last year, the company earned ($0.05) EPS. The firm’s quarterly revenue was up 61.1% on a year-over-year basis. As a group, analysts forecast that Coeur Mining will post 0.15 EPS for the current year.

Institutional Trading of Coeur Mining

Several institutional investors and hedge funds have recently bought and sold shares of CDE. Tidal Investments LLC acquired a new stake in shares of Coeur Mining during the first quarter worth $41,587,000. American Century Companies Inc. raised its stake in 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 acquiring an additional 4,606,711 shares during the period. M&G Plc bought a new position in Coeur Mining in the second quarter worth about $9,966,000. Renaissance Technologies LLC acquired a new position in Coeur Mining in the second quarter valued at approximately $4,822,000. Finally, Janus Henderson Group PLC grew its holdings in shares of Coeur Mining by 18.5% during the first quarter. Janus Henderson Group PLC now owns 2,723,185 shares of the basic materials company’s stock valued at $10,254,000 after purchasing an additional 424,835 shares during the last quarter. Institutional investors and hedge funds own 63.01% of the company’s stock.

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.