Coeur Mining, Inc. (NYSE:CDE) Receives Consensus Rating of "Buy" from Analysts

Coeur Mining, Inc. (NYSE:CDE - Get Free Report) has earned a consensus rating of "Buy" from the six ratings firms that are covering the firm, MarketBeat.com reports. One research analyst has rated the stock with a hold rating, four have issued a buy rating and one has given a strong buy rating to the company. The average twelve-month price target among analysts that have covered the stock in the last year is $7.81.

Several research analysts have recently commented on CDE shares. BMO Capital Markets raised their target price on shares of Coeur Mining from $7.50 to $8.00 and gave the stock an "outperform" rating in a report on Monday, September 23rd. Canaccord Genuity Group increased their target price on Coeur Mining from $7.00 to $7.75 and gave the stock a "buy" rating in a report on Tuesday, October 8th. Cantor Fitzgerald raised Coeur Mining from a "hold" rating to a "strong-buy" rating in a research note on Thursday, November 7th. Raymond James upped their price target on shares of Coeur Mining from $6.25 to $7.00 and gave the stock a "market perform" rating in a report on Friday, September 20th. Finally, StockNews.com upgraded Coeur Mining from a "sell" rating to a "hold" rating in a research note on Friday, November 8th.

Coeur Mining Stock Performance

Coeur Mining stock traded down $0.09 during midday trading on Friday, reaching $6.14. 12,500,524 shares of the company's stock were exchanged, compared to its average volume of 7,942,518. Coeur Mining has a 52 week low of $2.39 and a 52 week high of $7.72. The firm has a market cap of $2.45 billion, a price-to-earnings ratio of -207.93 and a beta of 1.65. The stock's 50-day simple moving average is $6.61 and its 200 day simple moving average is $6.06. 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 - Get Free Report) last announced its earnings results on Wednesday, November 6th. The basic materials company reported $0.12 EPS for the quarter, topping the consensus estimate of $0.07 by $0.05. The business had revenue of $313.50 million during the quarter, compared to the consensus estimate 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 firm posted ($0.05) EPS. On average, analysts expect that Coeur Mining will post 0.15 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Coeur Mining

Several institutional investors and hedge funds have recently made changes to their positions in CDE. BNP Paribas Financial Markets boosted its position in shares of Coeur Mining by 149.1% during the 1st quarter. BNP Paribas Financial Markets now owns 323,988 shares of the basic materials company's stock valued at $1,221,000 after purchasing an additional 193,912 shares in the last quarter. SG Americas Securities LLC grew its holdings in Coeur Mining by 247.7% in the first quarter. SG Americas Securities LLC now owns 113,038 shares of the basic materials company's stock worth $426,000 after purchasing an additional 80,531 shares during the period. Swiss National Bank increased its stake in Coeur Mining by 8.5% in the first quarter. Swiss National Bank now owns 755,500 shares of the basic materials company's stock valued at $2,848,000 after purchasing an additional 59,500 shares in the last quarter. Russell Investments Group Ltd. raised its holdings in shares of Coeur Mining by 32.4% during the first quarter. Russell Investments Group Ltd. now owns 24,337 shares of the basic materials company's stock valued at $92,000 after purchasing an additional 5,956 shares during the period. Finally, ProShare Advisors LLC boosted its position in shares of Coeur Mining by 17.6% during the 1st quarter. ProShare Advisors LLC now owns 64,488 shares of the basic materials company's stock worth $243,000 after purchasing an additional 9,648 shares in 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.