Brokerages Set Coeur Mining, Inc. (NYSE:CDE) Price Target at $7.81

Coeur Mining, Inc. (NYSE:CDE - Get Free Report) has received an average recommendation of "Buy" from the six analysts that are currently covering the firm, MarketBeat Ratings reports. One analyst has rated the stock with a hold recommendation, four have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1 year target price among brokers that have updated their coverage on the stock in the last year is $7.81.

Several analysts recently commented on the stock. BMO Capital Markets raised their price target on shares of Coeur Mining from $7.50 to $8.00 and gave the company an "outperform" rating in a research report on Monday, September 23rd. StockNews.com raised Coeur Mining from a "sell" rating to a "hold" rating in a research note on Friday, November 8th. Roth Mkm reissued a "buy" rating and issued a $8.50 price target (down previously from $9.00) on shares of Coeur Mining in a report on Friday, November 8th. Raymond James lifted their target price on shares of Coeur Mining from $6.25 to $7.00 and gave the company a "market perform" rating in a research report on Friday, September 20th. Finally, Cantor Fitzgerald raised shares of Coeur Mining from a "hold" rating to a "strong-buy" rating in a research note on Thursday, November 7th.

Coeur Mining Stock Performance

Shares of CDE stock traded down $0.15 during trading hours on Friday, hitting $6.05. The company's stock had a trading volume of 9,023,180 shares, compared to its average volume of 10,924,189. The company has a current ratio of 1.09, a quick ratio of 0.39 and a debt-to-equity ratio of 0.53. The company has a 50 day moving average of $6.34 and a 200 day moving average of $6.30. Coeur Mining has a 12-month low of $2.42 and a 12-month high of $7.72. The stock has a market cap of $2.42 billion, a PE ratio of -201.60 and a beta of 1.60.

Coeur Mining (NYSE:CDE - Get Free Report) last released its quarterly earnings data on Wednesday, November 6th. The basic materials company reported $0.12 earnings per share for the quarter, beating analysts' consensus estimates of $0.07 by $0.05. The business had revenue of $313.50 million during the quarter, compared to analyst estimates of $289.19 million. Coeur Mining had a positive return on equity of 1.78% and a negative net margin of 0.44%. The company's revenue was up 61.1% on a year-over-year basis. During the same quarter last year, the business posted ($0.05) EPS. On average, sell-side analysts forecast that Coeur Mining will post 0.15 EPS for the current fiscal year.

Institutional Trading of Coeur Mining

Several hedge funds have recently made changes to their positions in CDE. GAMMA Investing LLC grew its holdings in shares of Coeur Mining by 139.8% during the 4th quarter. GAMMA Investing LLC now owns 5,761 shares of the basic materials company's stock worth $33,000 after purchasing an additional 3,359 shares during the period. Point72 Asia Singapore Pte. Ltd. acquired a new stake in shares of Coeur Mining in the second quarter valued at $49,000. Hohimer Wealth Management LLC purchased a new position in Coeur Mining during the 2nd quarter valued at about $57,000. WINTON GROUP Ltd acquired a new position in shares of Coeur Mining in the second quarter valued at approximately $57,000. Finally, CIBC Asset Management Inc acquired a new stake in Coeur Mining during the 2nd quarter worth approximately $59,000. Hedge funds and other institutional investors own 63.01% of the company's stock.

Coeur Mining Company Profile

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.