Coeur Mining, Inc. (NYSE:CDE) Receives Average Rating of “Buy” from Brokerages

Shares of Coeur Mining, Inc. (NYSE:CDE) have earned an average recommendation of “Buy” from the ten analysts that are covering the stock, MarketBeat.com reports. Three analysts have rated the stock with a hold rating, four have issued a buy rating and three have assigned a strong buy rating to the company. The average 1-year price target among brokers that have issued a report on the stock in the last year is $18.1667.

A number of research analysts have recently commented on CDE shares. Cantor Fitzgerald downgraded shares of Coeur Mining from an “overweight” rating to a “hold” rating and set a $16.00 price objective for the company. in a research note on Thursday, October 30th. Cormark lowered shares of Coeur Mining from a “moderate buy” rating to a “hold” rating in a research report on Wednesday, October 29th. Roth Mkm lifted their price target on shares of Coeur Mining from $20.00 to $23.00 and gave the company a “buy” rating in a report on Monday, December 15th. Wall Street Zen upgraded Coeur Mining from a “hold” rating to a “buy” rating in a report on Sunday, December 21st. Finally, TD Cowen upgraded Coeur Mining to a “strong-buy” rating in a report on Monday, December 1st.

Coeur Mining Trading Up 12.2%

Shares of Coeur Mining stock opened at $21.45 on Friday. Coeur Mining has a fifty-two week low of $4.58 and a fifty-two week high of $27.77. The business’s fifty day moving average is $19.67 and its two-hundred day moving average is $16.72. The company has a quick ratio of 1.10, a current ratio of 2.00 and a debt-to-equity ratio of 0.11. The firm has a market cap of $13.77 billion, a PE ratio of 32.50 and a beta of 1.21.

Institutional Trading of Coeur Mining

A number of institutional investors have recently modified their holdings of the company. Kingdom Financial Group LLC. acquired a new position in Coeur Mining during the fourth quarter valued at approximately $32,000. JPL Wealth Management LLC purchased a new position in shares of Coeur Mining in the 3rd quarter valued at $35,000. Covestor Ltd lifted its holdings in shares of Coeur Mining by 7,011.5% during the 3rd quarter. Covestor Ltd now owns 1,849 shares of the basic materials company’s stock valued at $35,000 after acquiring an additional 1,823 shares in the last quarter. Lodestone Wealth Management LLC purchased a new stake in Coeur Mining during the 4th quarter worth $36,000. Finally, Sound Income Strategies LLC boosted its position in Coeur Mining by 99.2% during the 4th quarter. Sound Income Strategies LLC now owns 2,000 shares of the basic materials company’s stock worth $36,000 after purchasing an additional 996 shares during the period. Hedge funds and other institutional investors own 63.01% of the company’s stock.

Coeur Mining Company Profile

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.