Coeur Mining, Inc. (NYSE:CDE) Receives Average Rating of “Moderate Buy” from Brokerages

Shares of Coeur Mining, Inc. (NYSE:CDE) have been assigned an average recommendation of “Moderate Buy” from the eleven research firms that are presently covering the stock, Marketbeat reports. Three equities research analysts have rated the stock with a hold recommendation, six have assigned a buy recommendation and two have given a strong buy recommendation to the company. The average 1 year price target among analysts that have updated their coverage on the stock in the last year is $16.75.

CDE has been the topic of several analyst reports. Weiss Ratings reiterated a “buy (b-)” rating on shares of Coeur Mining in a research report on Monday. Cormark cut shares of Coeur Mining from a “moderate buy” rating to a “hold” rating in a research note on Wednesday, October 29th. TD Cowen raised shares of Coeur Mining to a “strong-buy” rating in a report on Monday, December 1st. Raymond James Financial set a $21.00 target price on shares of Coeur Mining in a research note on Thursday, October 30th. Finally, Roth Capital raised their price target on shares of Coeur Mining from $20.00 to $23.00 and gave the company a “buy” rating in a report on Monday, December 15th.

Coeur Mining Price Performance

Coeur Mining stock opened at $18.70 on Friday. The firm has a market capitalization of $12.00 billion, a P/E ratio of 28.33 and a beta of 1.33. Coeur Mining has a one year low of $4.58 and a one year high of $23.61. The company has a debt-to-equity ratio of 0.11, a current ratio of 2.00 and a quick ratio of 1.10. The business has a fifty day moving average price of $16.71 and a 200-day moving average price of $14.03.

Coeur Mining (NYSE:CDE) last released its quarterly earnings data on Wednesday, October 29th. The basic materials company reported $0.23 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.25 by ($0.02). Coeur Mining had a net margin of 24.03% and a return on equity of 15.52%. The company had revenue of $554.57 million for the quarter, compared to the consensus estimate of $511.20 million. During the same quarter in the previous year, the firm posted $0.12 earnings per share. The business’s revenue for the quarter was up 76.9% compared to the same quarter last year. As a group, equities research analysts forecast that Coeur Mining will post 0.58 EPS for the current year.

Hedge Funds Weigh In On Coeur Mining

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. JPMorgan Chase & Co. increased its holdings in shares of Coeur Mining by 84.0% in the second quarter. JPMorgan Chase & Co. now owns 2,881,784 shares of the basic materials company’s stock worth $25,533,000 after buying an additional 1,315,348 shares during the period. Voya Investment Management LLC boosted its holdings in Coeur Mining by 246.5% during the 3rd quarter. Voya Investment Management LLC now owns 608,227 shares of the basic materials company’s stock valued at $11,410,000 after acquiring an additional 432,683 shares during the period. Range Financial Group LLC bought a new position in Coeur Mining during the 2nd quarter worth approximately $1,115,000. Schroder Investment Management Group increased its stake in Coeur Mining by 12.3% in the 2nd quarter. Schroder Investment Management Group now owns 6,592,203 shares of the basic materials company’s stock worth $58,407,000 after purchasing an additional 723,064 shares during the period. Finally, Prudential Financial Inc. increased its stake in Coeur Mining by 455.2% in the 2nd quarter. Prudential Financial Inc. now owns 1,067,212 shares of the basic materials company’s stock worth $9,455,000 after purchasing an additional 874,986 shares during the period. 63.01% of the stock is currently owned by hedge funds and other institutional investors.

About Coeur Mining

Coeur Mining, Inc is a publicly traded precious metals mining company headquartered in Chicago, Illinois. The company specializes in the exploration, development and production of silver and gold deposits, with a focus on high-grade underground and open-pit operations. Through a combination of operating mines and advanced exploration projects, Coeur Mining seeks to deliver consistent production of silver and gold bullion while maintaining industry standards for safety, environmental stewardship and cost management.

Coeur Mining’s portfolio includes five principal operating mines and several exploration projects across North America and Australia.