Coeur Mining, Inc. (NYSE:CDE) Receives $24.67 Consensus Price Target from Brokerages

Shares of Coeur Mining, Inc. (NYSE:CDE) have been given a consensus rating of “Moderate Buy” by the fourteen brokerages that are covering the firm, Marketbeat Ratings reports. One analyst has rated the stock with a sell recommendation, four have given a hold recommendation, seven have given a buy recommendation and two have issued a strong buy recommendation on the company. The average 12-month price target among analysts that have issued a report on the stock in the last year is $24.6667.

Several equities research analysts have issued reports on CDE shares. Zacks Research lowered shares of Coeur Mining from a “hold” rating to a “strong sell” rating in a research report on Wednesday, April 1st. BMO Capital Markets assumed coverage on shares of Coeur Mining in a research report on Wednesday, March 25th. They set an “outperform” rating and a $27.00 price objective on the stock. Canadian Imperial Bank of Commerce began coverage on shares of Coeur Mining in a research report on Tuesday, March 10th. They issued an “outperform” rating and a $40.00 target price for the company. Wall Street Zen raised Coeur Mining from a “hold” rating to a “buy” rating in a research note on Sunday, December 21st. Finally, ATB Cormark Capital Markets upgraded Coeur Mining from a “hold” rating to a “moderate buy” rating in a research report on Tuesday, March 24th.

Institutional Trading of Coeur Mining

A number of hedge funds have recently bought and sold shares of the company. JPMorgan Chase & Co. raised its position in Coeur Mining by 84.0% in the 2nd quarter. JPMorgan Chase & Co. now owns 2,881,784 shares of the basic materials company’s stock worth $25,533,000 after purchasing an additional 1,315,348 shares during the period. Voya Investment Management LLC boosted its position in Coeur Mining by 246.5% during the third quarter. Voya Investment Management LLC now owns 608,227 shares of the basic materials company’s stock valued at $11,410,000 after buying an additional 432,683 shares during the period. Moody Aldrich Partners LLC bought a new position in shares of Coeur Mining during the third quarter valued at about $5,768,000. Precision Wealth Strategies LLC purchased a new position in shares of Coeur Mining in the third quarter worth about $1,169,000. Finally, Allspring Global Investments Holdings LLC lifted its stake in shares of Coeur Mining by 29.5% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 2,368,071 shares of the basic materials company’s stock valued at $44,709,000 after acquiring an additional 539,615 shares during the last quarter. Institutional investors own 63.01% of the company’s stock.

Coeur Mining Price Performance

NYSE:CDE opened at $19.05 on Monday. Coeur Mining has a 52-week low of $4.58 and a 52-week high of $27.77. The stock has a fifty day moving average of $21.75 and a 200 day moving average of $19.41. The company has a debt-to-equity ratio of 0.10, a quick ratio of 1.66 and a current ratio of 2.47. The firm has a market capitalization of $12.23 billion, a price-to-earnings ratio of 21.90 and a beta of 1.33.

Coeur Mining (NYSE:CDE) last announced its earnings results on Wednesday, February 18th. The basic materials company reported $0.35 earnings per share for the quarter, missing analysts’ consensus estimates of $0.43 by ($0.08). The business had revenue of $674.85 million during the quarter, compared to the consensus estimate of $668.70 million. Coeur Mining had a return on equity of 18.75% and a net margin of 28.31%.Coeur Mining’s revenue was up 120.9% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.11 earnings per share. On average, research analysts expect that Coeur Mining will post 0.58 EPS for the current fiscal year.

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.