Coeur Mining, Inc. (NYSE:CDE) Receives Consensus Recommendation of “Moderate Buy” from Analysts

Coeur Mining, Inc. (NYSE:CDE) has been assigned a consensus rating of “Moderate Buy” from the nine analysts that are presently covering the stock, MarketBeat reports. Two research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. The average twelve-month price objective among brokerages that have issued a report on the stock in the last year is $4.21.

Several research analysts have recently issued reports on the company. Raymond James increased their target price on Coeur Mining from $3.75 to $4.00 and gave the stock a “market perform” rating in a research report on Monday, April 8th. National Bank Financial reiterated an “outperform spec market weight” rating on shares of Coeur Mining in a report on Monday, April 8th. BMO Capital Markets boosted their target price on shares of Coeur Mining from $3.50 to $4.25 and gave the company a “market perform” rating in a report on Wednesday, April 10th. Roth Capital reaffirmed a “buy” rating on shares of Coeur Mining in a research report on Tuesday, April 9th. Finally, Roth Mkm assumed coverage on shares of Coeur Mining in a research report on Tuesday, April 9th. They set a “buy” rating and a $5.40 price target for the company.

Hedge Funds Weigh In On Coeur Mining

A number of hedge funds have recently bought and sold shares of the company. Vanguard Group Inc. raised its holdings in Coeur Mining by 5.7% in the third quarter. Vanguard Group Inc. now owns 31,864,964 shares of the basic materials company’s stock worth $70,740,000 after buying an additional 1,716,929 shares during the last quarter. Charles Schwab Investment Management Inc. increased its position in shares of Coeur Mining by 7.1% during the third quarter. Charles Schwab Investment Management Inc. now owns 4,153,752 shares of the basic materials company’s stock valued at $9,221,000 after acquiring an additional 274,878 shares in the last quarter. Jupiter Asset Management Ltd. raised its holdings in Coeur Mining by 95.9% in the 3rd quarter. Jupiter Asset Management Ltd. now owns 10,246,050 shares of the basic materials company’s stock worth $22,746,000 after acquiring an additional 5,017,119 shares during the last quarter. Assenagon Asset Management S.A. lifted its position in Coeur Mining by 1.7% in the 4th quarter. Assenagon Asset Management S.A. now owns 247,169 shares of the basic materials company’s stock valued at $806,000 after acquiring an additional 4,175 shares in the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. lifted its position in Coeur Mining by 22.0% in the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 9,457,720 shares of the basic materials company’s stock valued at $30,832,000 after acquiring an additional 1,702,840 shares in the last quarter. Institutional investors own 63.01% of the company’s stock.

Coeur Mining Trading Up 2.5 %

NYSE:CDE opened at $4.94 on Monday. The company has a 50-day moving average price of $3.66 and a 200-day moving average price of $3.10. The stock has a market cap of $1.92 billion, a price-to-earnings ratio of -15.94 and a beta of 1.82. The company has a current ratio of 0.92, a quick ratio of 0.38 and a debt-to-equity ratio of 0.51. Coeur Mining has a 12 month low of $2.00 and a 12 month high of $5.47.

Coeur Mining (NYSE:CDE) last released its quarterly earnings results on Wednesday, February 21st. The basic materials company reported ($0.02) earnings per share (EPS) for the quarter. The company had revenue of $262.10 million during the quarter. Coeur Mining had a negative return on equity of 7.79% and a negative net margin of 12.62%. Equities analysts predict that Coeur Mining will post -0.04 EPS for the current year.

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.