Coeur Mining, Inc. (NYSE:CDE) Receives $7.81 Average PT from Brokerages

Coeur Mining, Inc. (NYSE:CDE) has received a consensus rating of “Buy” from the six research firms that are covering the company, Marketbeat.com reports. One equities research analyst has rated the stock with a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company. The average 1-year target price among analysts that have issued ratings on the stock in the last year is $7.81.

A number of research firms have recently commented on CDE. StockNews.com upgraded shares of Coeur Mining from a “sell” rating to a “hold” rating in a report on Friday, November 8th. Canaccord Genuity Group raised their price objective on shares of Coeur Mining from $7.00 to $7.75 and gave the stock a “buy” rating in a report on Tuesday, October 8th. Cantor Fitzgerald raised Coeur Mining from a “hold” rating to a “strong-buy” rating in a report on Thursday, November 7th. Finally, Roth Mkm reiterated a “buy” rating and issued a $8.50 price target (down from $9.00) on shares of Coeur Mining in a report on Friday, November 8th.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Vanguard Personalized Indexing Management LLC raised its holdings in shares of Coeur Mining by 59.7% in the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 16,024 shares of the basic materials company’s stock valued at $90,000 after purchasing an additional 5,993 shares during the period. Bank of Montreal Can boosted its holdings in Coeur Mining by 19.1% in the second quarter. Bank of Montreal Can now owns 804,183 shares of the basic materials company’s stock valued at $4,520,000 after acquiring an additional 129,117 shares during the last quarter. Xponance Inc. lifted its stake in Coeur Mining by 98.1% in the second quarter. Xponance Inc. now owns 43,239 shares of the basic materials company’s stock valued at $243,000 after buying an additional 21,412 shares during the period. Point72 Asia Singapore Pte. Ltd. acquired a new position in shares of Coeur Mining during the second quarter worth approximately $49,000. Finally, AQR Capital Management LLC raised its holdings in shares of Coeur Mining by 84.6% in the second 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 last quarter. 63.01% of the stock is currently owned by institutional investors.

Coeur Mining Price Performance

CDE stock opened at $6.59 on Wednesday. The company has a current ratio of 1.09, a quick ratio of 0.39 and a debt-to-equity ratio of 0.53. The company has a market capitalization of $2.63 billion, a P/E ratio of -219.43 and a beta of 1.60. The business has a 50 day simple moving average of $6.30 and a 200-day simple moving average of $6.34. Coeur Mining has a twelve month low of $2.42 and a twelve month high of $7.72.

Coeur Mining (NYSE:CDE) last issued its quarterly earnings data on Wednesday, November 6th. The basic materials company reported $0.12 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.07 by $0.05. The company had revenue of $313.50 million for the quarter, compared to the consensus estimate of $289.19 million. Coeur Mining had a negative net margin of 0.44% and a positive return on equity of 1.78%. Coeur Mining’s revenue for the quarter was up 61.1% on a year-over-year basis. During the same period last year, the firm posted ($0.05) EPS. As a group, equities analysts anticipate that Coeur Mining will post 0.22 EPS for the current year.

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.