Coeur Mining, Inc. (NYSE:CDE) Given Average Rating of “Buy” by Analysts

Shares of Coeur Mining, Inc. (NYSE:CDE) have been assigned an average rating of “Buy” from the six brokerages that are currently covering the firm, Marketbeat.com reports. Five research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. The average 1-year target price among brokerages that have covered the stock in the last year is $8.31.

Several analysts have recently weighed in on the stock. Roth Mkm decreased their target price on shares of Coeur Mining from $8.50 to $8.25 and set a “buy” rating on the stock in a research report on Friday, February 21st. Cormark raised Coeur Mining to a “moderate buy” rating in a report on Thursday, February 20th. Raymond James upgraded Coeur Mining from a “market perform” rating to an “outperform” rating and lowered their price objective for the company from $8.75 to $8.25 in a research note on Friday, February 21st. BMO Capital Markets started coverage on Coeur Mining in a research report on Tuesday, February 18th. They set an “outperform” rating and a $9.00 target price for the company. Finally, StockNews.com upgraded Coeur Mining from a “sell” rating to a “hold” rating in a research report on Friday, November 8th.

Coeur Mining Price Performance

Shares of CDE stock opened at $5.03 on Friday. Coeur Mining has a 12 month low of $2.42 and a 12 month high of $7.72. The company has a market capitalization of $2.01 billion, a P/E ratio of 41.88 and a beta of 1.59. The stock has a 50 day moving average of $6.24 and a two-hundred day moving average of $6.39. The company has a current ratio of 0.83, a quick ratio of 0.39 and a debt-to-equity ratio of 0.50.

Coeur Mining (NYSE:CDE) last issued its earnings results on Wednesday, February 19th. The basic materials company reported $0.11 EPS for the quarter, hitting the consensus estimate of $0.11. The firm had revenue of $305.40 million during the quarter, compared to analysts’ expectations of $314.32 million. Coeur Mining had a return on equity of 6.59% and a net margin of 5.59%. As a group, equities analysts expect that Coeur Mining will post 0.58 EPS for the current year.

Institutional Investors Weigh In On Coeur Mining

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Jennison Associates LLC bought a new position in shares of Coeur Mining in the third quarter valued at about $579,000. JPMorgan Chase & Co. increased its position in Coeur Mining by 88.3% in 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 acquiring an additional 665,452 shares in the last quarter. XTX Topco Ltd bought a new position in shares of Coeur Mining in the third quarter worth about $1,311,000. Van ECK Associates Corp lifted its position in shares of Coeur Mining by 1.1% during the third quarter. Van ECK Associates Corp now owns 34,469,783 shares of the basic materials company’s stock worth $251,629,000 after purchasing an additional 365,115 shares in the last quarter. Finally, BNP Paribas Financial Markets grew its stake in shares of Coeur Mining by 180.7% during the third quarter. BNP Paribas Financial Markets now owns 310,577 shares of the basic materials company’s stock valued at $2,137,000 after purchasing an additional 199,919 shares during the last quarter. 63.01% of the stock is owned by institutional investors and hedge funds.

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.