Coeur Mining, Inc. (NYSE:CDE) Given Average Rating of “Buy” by Analysts

Shares of Coeur Mining, Inc. (NYSE:CDE) have been given an average rating of “Buy” by the eleven research firms that are presently covering the firm, Marketbeat Ratings reports. Two investment analysts have rated the stock with a hold rating, six have given a buy rating and three have issued a strong buy rating on the company. The average 12-month price target among brokers that have updated their coverage on the stock in the last year is $16.75.

A number of research firms have commented on CDE. Roth Capital increased their target price on Coeur Mining from $20.00 to $23.00 and gave the stock a “buy” rating in a report on Monday, December 15th. Cantor Fitzgerald cut Coeur Mining from an “overweight” rating to a “hold” rating and set a $16.00 price objective on the stock. in a research note on Thursday, October 30th. Cormark downgraded shares of Coeur Mining from a “moderate buy” rating to a “hold” rating in a report on Wednesday, October 29th. Wall Street Zen raised shares of Coeur Mining from a “hold” rating to a “buy” rating in a report on Sunday, December 21st. Finally, Raymond James Financial set a $21.00 price target on shares of Coeur Mining in a research report on Thursday, October 30th.

Coeur Mining Price Performance

CDE opened at $20.99 on Wednesday. The company has a market capitalization of $13.48 billion, a P/E ratio of 31.81 and a beta of 1.24. The company has a 50-day moving average of $16.88 and a 200-day moving average of $15.05. The company has a debt-to-equity ratio of 0.11, a quick ratio of 1.10 and a current ratio of 2.00. Coeur Mining has a 1-year low of $4.58 and a 1-year high of $23.61.

Coeur Mining (NYSE:CDE) last posted its quarterly earnings results on Wednesday, October 29th. The basic materials company reported $0.23 EPS for the quarter, missing analysts’ consensus estimates of $0.25 by ($0.02). The firm had revenue of $554.57 million during the quarter, compared to analyst estimates of $511.20 million. Coeur Mining had a return on equity of 15.52% and a net margin of 24.03%.The firm’s revenue for the quarter was up 76.9% on a year-over-year basis. During the same quarter last year, the business posted $0.12 earnings per share. Equities analysts expect that Coeur Mining will post 0.58 EPS for the current fiscal year.

Institutional Investors Weigh In On Coeur Mining

Large investors have recently added to or reduced their stakes in the stock. EverSource Wealth Advisors LLC grew its position in Coeur Mining by 74.2% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 3,368 shares of the basic materials company’s stock valued at $30,000 after buying an additional 1,435 shares in the last quarter. Covestor Ltd lifted its stake in shares of Coeur Mining by 7,011.5% in the 3rd quarter. Covestor Ltd now owns 1,849 shares of the basic materials company’s stock worth $35,000 after acquiring an additional 1,823 shares during the period. JPL Wealth Management LLC bought a new position in shares of Coeur Mining in the third quarter valued at approximately $35,000. Luminist Capital LLC acquired a new position in shares of Coeur Mining during the second quarter valued at approximately $40,000. Finally, Focus Partners Wealth bought a new stake in Coeur Mining during the first quarter worth approximately $60,000. 63.01% of the stock is owned by institutional investors and hedge funds.

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.