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

Coeur Mining, Inc. (NYSE:CDE - Get Free Report) has been assigned an average rating of "Buy" from the six research firms that are currently covering the firm, MarketBeat Ratings reports. One investment analyst has rated the stock with a hold recommendation, four have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average 1-year target price among brokerages that have covered the stock in the last year is $7.81.

A number of analysts have weighed in on CDE shares. BMO Capital Markets increased their target price 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. Canaccord Genuity Group increased their price objective on shares of Coeur Mining from $7.00 to $7.75 and gave the stock a "buy" rating in a research report on Tuesday, October 8th. Roth Mkm reissued a "buy" rating and set a $8.50 target price (down previously from $9.00) on shares of Coeur Mining in a research note on Friday, November 8th. Cantor Fitzgerald raised shares of Coeur Mining from a "hold" rating to a "strong-buy" rating in a research report on Thursday, November 7th. Finally, StockNews.com upgraded Coeur Mining from a "sell" rating to a "hold" rating in a report on Friday, November 8th.

Institutional Trading of Coeur Mining

Institutional investors and hedge funds have recently modified their holdings of the stock. Ballentine Partners LLC grew its holdings in shares of Coeur Mining by 18.3% in the second quarter. Ballentine Partners LLC now owns 14,435 shares of the basic materials company's stock valued at $81,000 after acquiring an additional 2,232 shares in the last quarter. CWM LLC increased its position in shares of Coeur Mining by 831.5% during the 2nd quarter. CWM LLC now owns 5,030 shares of the basic materials company's stock valued at $28,000 after purchasing an additional 4,490 shares during the last quarter. Vanguard Personalized Indexing Management LLC raised its stake in shares of Coeur Mining by 59.7% during the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 16,024 shares of the basic materials company's stock worth $90,000 after purchasing an additional 5,993 shares during the period. Arizona State Retirement System boosted its holdings in shares of Coeur Mining by 6.1% in the 2nd quarter. Arizona State Retirement System now owns 111,585 shares of the basic materials company's stock worth $627,000 after buying an additional 6,435 shares during the last quarter. Finally, Point72 Asia Singapore Pte. Ltd. bought a new position in Coeur Mining during the second quarter valued at about $49,000. 63.01% of the stock is owned by hedge funds and other institutional investors.

Coeur Mining Price Performance

Coeur Mining stock traded down $0.11 during mid-day trading on Tuesday, reaching $7.00. 10,488,028 shares of the company were exchanged, compared to its average volume of 8,012,961. The company has a fifty day simple moving average of $6.57 and a 200-day simple moving average of $6.23. The firm has a market cap of $2.79 billion, a PE ratio of -232.92 and a beta of 1.60. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.09 and a quick ratio of 0.39. Coeur Mining has a 12 month low of $2.42 and a 12 month high of $7.72.

Coeur Mining (NYSE:CDE - Get Free Report) last announced its quarterly earnings results on Wednesday, November 6th. The basic materials company reported $0.12 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.07 by $0.05. Coeur Mining had a negative net margin of 0.44% and a positive return on equity of 1.78%. The firm had revenue of $313.50 million during the quarter, compared to analysts' expectations of $289.19 million. During the same period in the prior year, the company posted ($0.05) EPS. The company's revenue was up 61.1% on a year-over-year basis. As a group, equities research analysts expect that Coeur Mining will post 0.15 earnings per share for the current fiscal year.

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.