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

Coeur Mining, Inc. (NYSE:CDE) has earned an average recommendation of “Moderate Buy” from the twelve research firms that are currently covering the company, Marketbeat Ratings reports. Five research analysts have rated the stock with a hold rating, five have given a buy rating and two have given a strong buy rating to the company. The average 12-month target price among brokerages that have issued a report on the stock in the last year is $20.8750.

Several brokerages recently commented on CDE. Weiss Ratings lowered shares of Coeur Mining from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Friday, February 27th. Zacks Research lowered Coeur Mining from a “strong-buy” rating to a “hold” rating in a report on Friday, February 20th. Roth Mkm reissued a “buy” rating and issued a $29.00 target price on shares of Coeur Mining in a report on Thursday, February 19th. Wall Street Zen raised Coeur Mining from a “hold” rating to a “buy” rating in a research report on Sunday, December 21st. Finally, TD Cowen upgraded Coeur Mining to a “strong-buy” rating in a research note on Monday, December 1st.

Coeur Mining Stock Performance

Shares of CDE opened at $23.77 on Thursday. The company has a market capitalization of $15.26 billion, a price-to-earnings ratio of 27.32 and a beta of 1.16. Coeur Mining has a 52-week low of $4.58 and a 52-week high of $27.77. The company has a quick ratio of 1.66, a current ratio of 2.47 and a debt-to-equity ratio of 0.10. The stock has a 50 day moving average price of $22.15 and a 200 day moving average price of $18.45.

Coeur Mining (NYSE:CDE) last released its quarterly earnings data on Wednesday, February 18th. The basic materials company reported $0.35 earnings per share for the quarter, missing analysts’ consensus estimates of $0.43 by ($0.08). Coeur Mining had a return on equity of 18.75% and a net margin of 28.31%.The company had revenue of $674.85 million for the quarter, compared to analyst estimates of $668.70 million. During the same period in the previous year, the business posted $0.11 EPS. The firm’s revenue for the quarter was up 120.9% compared to the same quarter last year. Research analysts predict that Coeur Mining will post 0.58 EPS for the current fiscal year.

Hedge Funds Weigh In On Coeur Mining

Institutional investors have recently modified their holdings of the business. Triumph Capital Management boosted its stake in Coeur Mining by 300.0% during the 4th quarter. Triumph Capital Management now owns 1,600 shares of the basic materials company’s stock worth $29,000 after purchasing an additional 1,200 shares during the period. EverSource Wealth Advisors LLC raised its holdings in shares of Coeur Mining by 74.2% in the second 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 during the last quarter. Kingdom Financial Group LLC. acquired a new stake in shares of Coeur Mining during the fourth quarter worth about $32,000. Kemnay Advisory Services Inc. purchased a new position in shares of Coeur Mining during the fourth quarter worth about $33,000. Finally, Transamerica Financial Advisors LLC purchased a new position in shares of Coeur Mining during the fourth quarter worth about $34,000. 63.01% of the stock is owned by institutional investors and hedge funds.

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.