Coeur Mining, Inc. (NYSE:CDE) Receives Average Rating of “Buy” from Brokerages

Coeur Mining, Inc. (NYSE:CDE) has earned a consensus rating of “Buy” from the six analysts that are covering the company, MarketBeat Ratings reports. One 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 price objective among analysts that have issued ratings on the stock in the last year is $7.81.

CDE has been the subject of several recent analyst reports. Roth Mkm reaffirmed a “buy” rating and set a $8.50 price objective (down from $9.00) on shares of Coeur Mining in a research note 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. StockNews.com raised Coeur Mining from a “sell” rating to a “hold” rating in a research note on Friday, November 8th. Finally, Canaccord Genuity Group lifted their price target 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.

Coeur Mining Stock Performance

Shares of CDE stock opened at $6.93 on Wednesday. The company has a market capitalization of $2.77 billion, a P/E ratio of -230.76 and a beta of 1.59. Coeur Mining has a fifty-two week low of $2.42 and a fifty-two week high of $7.72. The company has a debt-to-equity ratio of 0.53, a quick ratio of 0.39 and a current ratio of 1.09. The stock has a 50 day moving average price of $6.31 and a two-hundred day moving average price of $6.34.

Coeur Mining (NYSE:CDE) last posted its quarterly earnings results on Wednesday, November 6th. The basic materials company reported $0.12 EPS for the quarter, beating analysts’ consensus estimates of $0.07 by $0.05. The company had revenue of $313.50 million during 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%. The firm’s revenue was up 61.1% compared to the same quarter last year. During the same period in the prior year, the business posted ($0.05) EPS. Analysts expect that Coeur Mining will post 0.22 earnings per share for the current year.

Institutional Investors Weigh In On Coeur Mining

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. GAMMA Investing LLC lifted its holdings in shares of Coeur Mining by 139.8% during the fourth quarter. GAMMA Investing LLC now owns 5,761 shares of the basic materials company’s stock valued at $33,000 after purchasing an additional 3,359 shares during the last quarter. Point72 Asia Singapore Pte. Ltd. purchased a new position in Coeur Mining during the second quarter valued at $49,000. CWM LLC boosted its holdings in Coeur Mining by 93.2% in the third quarter. CWM LLC now owns 9,716 shares of the basic materials company’s stock worth $67,000 after acquiring an additional 4,686 shares in the last quarter. FNY Investment Advisers LLC purchased a new stake in shares of Coeur Mining in the fourth quarter worth $57,000. Finally, Empowered Funds LLC bought a new position in shares of Coeur Mining during the fourth quarter valued at $66,000. 63.01% of the stock is owned by hedge funds and other 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.