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

Coeur Mining, Inc. (NYSE:CDE - Get Free Report) has been assigned a consensus recommendation of "Buy" from the six research firms that are presently covering the company, MarketBeat reports. Five investment analysts have rated the stock with a buy recommendation and one has assigned a strong buy recommendation to the company. The average twelve-month price target among brokerages that have updated their coverage on the stock in the last year is $8.31.

Several analysts have recently weighed in on CDE shares. Cormark upgraded Coeur Mining to a "moderate buy" rating in a report on Thursday, February 20th. BMO Capital Markets began coverage on shares of Coeur Mining in a research note on Tuesday, February 18th. They set an "outperform" rating and a $9.00 price target on the stock. Cantor Fitzgerald raised 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, Roth Mkm dropped their price objective on shares of Coeur Mining from $8.50 to $8.25 and set a "buy" rating on the stock in a report on Friday, February 21st.

Institutional Trading of Coeur Mining

Several hedge funds and other institutional investors have recently bought and sold shares of CDE. 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. Quarry LP boosted its stake in shares of Coeur Mining by 853.8% during the 4th quarter. Quarry LP now owns 6,667 shares of the basic materials company's stock worth $38,000 after acquiring an additional 5,968 shares during the last quarter. Optiver Holding B.V. raised its stake in Coeur Mining by 150.5% during the 4th quarter. Optiver Holding B.V. now owns 8,160 shares of the basic materials company's stock worth $47,000 after acquiring an additional 4,903 shares during the period. FNY Investment Advisers LLC purchased a new position in Coeur Mining in the 4th quarter worth approximately $57,000. Finally, DRW Securities LLC purchased a new stake in Coeur Mining in the 4th quarter worth $60,000. Institutional investors own 63.01% of the company's stock.

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Coeur Mining Stock Up 4.0 %

CDE stock traded up $0.21 during trading on Friday, reaching $5.30. The stock had a trading volume of 9,172,725 shares, compared to its average volume of 17,632,383. The firm has a fifty day moving average price of $6.26 and a 200 day moving average price of $6.41. The company has a current ratio of 0.83, a quick ratio of 0.39 and a debt-to-equity ratio of 0.50. The company has a market capitalization of $2.11 billion, a P/E ratio of 44.13 and a beta of 1.59. Coeur Mining has a 1-year low of $2.42 and a 1-year high of $7.72.

Coeur Mining (NYSE:CDE - Get Free Report) last issued its quarterly earnings data on Wednesday, February 19th. The basic materials company reported $0.11 earnings per share for the quarter, meeting analysts' consensus estimates of $0.11. The firm had revenue of $305.40 million during the quarter, compared to analyst estimates of $314.32 million. Coeur Mining had a return on equity of 6.59% and a net margin of 5.59%. On average, equities analysts anticipate that Coeur Mining will post 0.58 earnings per share for the current 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.