Coeur Mining, Inc. (NYSE:CDE) Given Average Recommendation of “Moderate Buy” by Brokerages

Coeur Mining, Inc. (NYSE:CDE) has received a consensus recommendation of “Moderate Buy” from the seven brokerages that are currently covering the company, MarketBeat Ratings reports. Two research analysts have rated the stock with a hold rating and five have given a buy rating to the company. The average 1-year target price among analysts that have issued a report on the stock in the last year is $6.44.

Several research firms have recently issued reports on CDE. Roth Mkm restated a “buy” rating and set a $8.00 price objective (up previously from $7.25) on shares of Coeur Mining in a report on Friday. BMO Capital Markets boosted their price target on Coeur Mining from $6.75 to $7.50 and gave the company an “outperform” rating in a research note on Friday, July 12th. Raymond James raised their price objective on Coeur Mining from $5.75 to $6.25 and gave the stock a “market perform” rating in a research report on Friday. Finally, Cantor Fitzgerald cut Coeur Mining from an “overweight” rating to a “neutral” rating in a research report on Thursday.

Coeur Mining Price Performance

Shares of NYSE:CDE opened at $5.44 on Wednesday. The company has a market cap of $2.17 billion, a price-to-earnings ratio of -17.55 and a beta of 1.60. The business has a 50 day moving average price of $5.89 and a 200 day moving average price of $4.63. The company has a quick ratio of 0.43, a current ratio of 0.99 and a debt-to-equity ratio of 0.55. Coeur Mining has a twelve month low of $2.00 and a twelve month high of $6.82.

Coeur Mining (NYSE:CDE) last posted its quarterly earnings data on Wednesday, August 7th. The basic materials company reported ($0.01) earnings per share for the quarter, beating the consensus estimate of ($0.02) by $0.01. Coeur Mining had a negative return on equity of 6.28% and a negative net margin of 12.77%. The company had revenue of $222.03 million during the quarter, compared to analysts’ expectations of $242.18 million. During the same period in the prior year, the business earned ($0.06) earnings per share. Coeur Mining’s revenue for the quarter was up 25.3% compared to the same quarter last year. Research analysts predict that Coeur Mining will post 0.08 earnings per share for the current year.

Hedge Funds Weigh In On Coeur Mining

A number of hedge funds have recently modified their holdings of the stock. Janus Henderson Group PLC grew its position in Coeur Mining by 18.5% in the first quarter. Janus Henderson Group PLC now owns 2,723,185 shares of the basic materials company’s stock valued at $10,254,000 after acquiring an additional 424,835 shares during the period. Vanguard Group Inc. boosted its stake in shares of Coeur Mining by 12.5% in the 4th quarter. Vanguard Group Inc. now owns 35,854,316 shares of the basic materials company’s stock valued at $116,885,000 after purchasing an additional 3,989,352 shares in the last quarter. BNP Paribas Financial Markets grew its holdings in shares of Coeur Mining by 149.1% in the 1st quarter. BNP Paribas Financial Markets now owns 323,988 shares of the basic materials company’s stock worth $1,221,000 after purchasing an additional 193,912 shares during the last quarter. Assenagon Asset Management S.A. increased its position in shares of Coeur Mining by 253.1% during the 1st quarter. Assenagon Asset Management S.A. now owns 872,659 shares of the basic materials company’s stock worth $3,290,000 after purchasing an additional 625,490 shares in the last quarter. Finally, Dimensional Fund Advisors LP lifted its holdings in Coeur Mining by 0.5% during the 4th quarter. Dimensional Fund Advisors LP now owns 16,087,106 shares of the basic materials company’s stock valued at $52,445,000 after purchasing an additional 84,920 shares during the last quarter. 63.01% of the stock is owned by institutional investors and hedge funds.

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.