Coeur Mining, Inc. (NYSE:CDE) Receives Average Recommendation of “Moderate Buy” from Analysts

Coeur Mining, Inc. (NYSE:CDE) has been given an average rating of “Moderate Buy” by the seven ratings firms that are covering the firm, MarketBeat reports. Two research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The average 1 year target price among brokers that have covered the stock in the last year is $6.44.

Several research firms recently commented on CDE. Raymond James boosted their price target on Coeur Mining from $5.75 to $6.25 and gave the stock a “market perform” rating in a research report on Friday, August 9th. Roth Mkm restated a “buy” rating and set a $8.00 price objective (up from $7.25) on shares of Coeur Mining in a research note on Friday, August 9th. BMO Capital Markets upped their price objective on Coeur Mining from $6.75 to $7.50 and gave the company an “outperform” rating in a report on Friday, July 12th. Finally, Cantor Fitzgerald lowered Coeur Mining from an “overweight” rating to a “neutral” rating in a report on Thursday, August 8th.

Institutional Investors Weigh In On Coeur Mining

Institutional investors have recently made changes to their positions in the stock. SG Americas Securities LLC boosted its position in shares of Coeur Mining by 47.0% during the fourth quarter. SG Americas Securities LLC now owns 32,507 shares of the basic materials company’s stock worth $106,000 after buying an additional 10,388 shares during the period. Arizona State Retirement System grew its position in Coeur Mining by 4.1% during the fourth quarter. Arizona State Retirement System now owns 98,725 shares of the basic materials company’s stock worth $322,000 after buying an additional 3,899 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its position in Coeur Mining by 66.4% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 89,425 shares of the basic materials company’s stock worth $292,000 after buying an additional 35,681 shares in the last quarter. Atria Wealth Solutions Inc. acquired a new stake in shares of Coeur Mining in the 4th quarter valued at $33,000. Finally, Van ECK Associates Corp boosted its holdings in shares of Coeur Mining by 10.9% in the 4th quarter. Van ECK Associates Corp now owns 36,279,058 shares of the basic materials company’s stock valued at $118,269,000 after purchasing an additional 3,556,959 shares in the last quarter. 63.01% of the stock is owned by institutional investors and hedge funds.

Coeur Mining Stock Up 4.1 %

CDE stock opened at $5.78 on Wednesday. The firm has a market capitalization of $2.31 billion, a price-to-earnings ratio of -18.65 and a beta of 1.60. Coeur Mining has a fifty-two week low of $2.00 and a fifty-two week high of $6.82. The company has a debt-to-equity ratio of 0.55, a quick ratio of 0.43 and a current ratio of 0.99. The company’s 50 day moving average price is $5.90 and its 200 day moving average price is $4.67.

Coeur Mining (NYSE:CDE) last released its earnings results on Wednesday, August 7th. The basic materials company reported ($0.01) EPS for the quarter, beating analysts’ consensus estimates of ($0.02) by $0.01. Coeur Mining had a negative return on equity of 6.28% and a negative net margin of 12.77%. The company had revenue of $222.03 million during the quarter, compared to the consensus estimate of $242.18 million. During the same quarter last year, the company earned ($0.06) earnings per share. Coeur Mining’s quarterly revenue was up 25.3% compared to the same quarter last year. On average, equities research analysts anticipate that Coeur Mining will post 0.08 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.