Coeur Mining, Inc. (NYSE:CDE) Receives $7.81 Consensus Target Price from Analysts

Coeur Mining, Inc. (NYSE:CDE - Get Free Report) has received an average rating of "Buy" from the six ratings firms that are presently covering the company, Marketbeat reports. One equities research analyst has rated the stock with a hold rating, four have given a buy rating and one has issued a strong buy rating on the company. The average 12 month price objective among analysts that have issued a report on the stock in the last year is $7.81.

Several equities research analysts have recently weighed in on the stock. Roth Mkm reissued a "buy" rating and issued 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 note on Thursday, November 7th. Canaccord Genuity Group upped their target price on Coeur Mining from $7.00 to $7.75 and gave the company a "buy" rating in a research note on Tuesday, October 8th. Finally, StockNews.com raised Coeur Mining from a "sell" rating to a "hold" rating in a research note on Friday, November 8th.

Coeur Mining Trading Down 3.9 %

CDE traded down $0.27 on Wednesday, hitting $6.59. The company had a trading volume of 15,352,028 shares, compared to its average volume of 9,415,210. The business's fifty day simple moving average is $6.30 and its 200 day simple moving average is $6.35. The company has a quick ratio of 0.39, a current ratio of 1.09 and a debt-to-equity ratio of 0.53. Coeur Mining has a 12-month low of $2.42 and a 12-month high of $7.72. The company has a market cap of $2.63 billion, a PE ratio of -219.43 and a beta of 1.60.

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 analysts' consensus estimates of $0.07 by $0.05. The firm had revenue of $313.50 million during the quarter, compared to analysts' expectations 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 quarterly revenue was up 61.1% on a year-over-year basis. During the same quarter in the previous year, the business earned ($0.05) EPS. Equities research analysts expect that Coeur Mining will post 0.22 EPS for the current year.

Institutional Trading of Coeur Mining

A number of large investors have recently modified their holdings of CDE. JPMorgan Chase & Co. raised its position in Coeur Mining by 88.3% during the 3rd quarter. JPMorgan Chase & Co. now owns 1,418,716 shares of the basic materials company's stock valued at $9,761,000 after purchasing an additional 665,452 shares in the last quarter. Van ECK Associates Corp raised its holdings in shares of Coeur Mining by 1.1% in the third quarter. Van ECK Associates Corp now owns 34,469,783 shares of the basic materials company's stock valued at $251,629,000 after acquiring an additional 365,115 shares in the last quarter. U S Global Investors Inc. lifted its stake in Coeur Mining by 160.4% in the third quarter. U S Global Investors Inc. now owns 586,000 shares of the basic materials company's stock worth $4,032,000 after acquiring an additional 361,000 shares during the period. Barclays PLC grew its holdings in Coeur Mining by 59.2% during the 3rd quarter. Barclays PLC now owns 962,652 shares of the basic materials company's stock worth $6,624,000 after acquiring an additional 358,097 shares in the last quarter. Finally, AQR Capital Management LLC increased its position in Coeur Mining by 84.6% during the 2nd quarter. AQR Capital Management LLC now owns 487,609 shares of the basic materials company's stock valued at $2,740,000 after purchasing an additional 223,529 shares during the period. 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.