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

Coeur Mining, Inc. (NYSE:CDEGet Free Report) has been given an average recommendation of “Moderate Buy” by the fourteen ratings firms that are covering the company, Marketbeat reports. Five investment analysts have rated the stock with a hold recommendation, seven have given a buy recommendation and two have given a strong buy recommendation to the company. The average twelve-month price target among brokers that have updated their coverage on the stock in the last year is $24.6667.

A number of research firms have commented on CDE. ATB Cormark Capital Markets upgraded Coeur Mining from a “hold” rating to a “moderate buy” rating in a research report on Tuesday, March 24th. Roth Mkm restated a “buy” rating and issued a $29.00 price target on shares of Coeur Mining in a research report on Thursday, February 19th. Wall Street Zen raised Coeur Mining from a “hold” rating to a “buy” rating in a research note on Sunday, December 21st. BMO Capital Markets initiated coverage on shares of Coeur Mining in a research report on Wednesday, March 25th. They issued an “outperform” rating and a $27.00 price objective on the stock. Finally, Zacks Research cut shares of Coeur Mining from a “strong-buy” rating to a “hold” rating in a research note on Friday, February 20th.

Check Out Our Latest Stock Analysis on Coeur Mining

Key Headlines Impacting Coeur Mining

Here are the key news stories impacting Coeur Mining this week:

Institutional Trading of Coeur Mining

Institutional investors and hedge funds have recently modified their holdings of the business. AQR Capital Management LLC raised its position in shares of Coeur Mining by 60.2% during the 1st quarter. AQR Capital Management LLC now owns 748,907 shares of the basic materials company’s stock worth $4,434,000 after purchasing an additional 281,489 shares during the last quarter. Goldman Sachs Group Inc. grew its holdings in Coeur Mining by 18.1% during the 1st quarter. Goldman Sachs Group Inc. now owns 8,352,940 shares of the basic materials company’s stock valued at $49,449,000 after buying an additional 1,278,110 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its holdings in Coeur Mining by 122.6% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 2,431,244 shares of the basic materials company’s stock valued at $14,393,000 after buying an additional 1,339,138 shares during the last quarter. Focus Partners Wealth purchased a new position in Coeur Mining during the first quarter worth $60,000. Finally, Intech Investment Management LLC increased its position in Coeur Mining by 58.4% during the first quarter. Intech Investment Management LLC now owns 269,203 shares of the basic materials company’s stock worth $1,594,000 after buying an additional 99,256 shares in the last quarter. Hedge funds and other institutional investors own 63.01% of the company’s stock.

Coeur Mining Trading Down 0.3%

Shares of Coeur Mining stock opened at $17.08 on Monday. The company has a 50-day moving average of $22.31 and a two-hundred day moving average of $19.32. Coeur Mining has a 12-month low of $4.58 and a 12-month high of $27.77. The company has a current ratio of 2.47, a quick ratio of 1.66 and a debt-to-equity ratio of 0.10. The stock has a market cap of $10.96 billion, a PE ratio of 19.63 and a beta of 1.16.

Coeur Mining (NYSE:CDEGet Free Report) last announced its quarterly earnings results on Wednesday, February 18th. The basic materials company reported $0.35 EPS for the quarter, missing the consensus estimate of $0.43 by ($0.08). The firm had revenue of $674.85 million for the quarter, compared to analysts’ expectations of $668.70 million. Coeur Mining had a return on equity of 18.75% and a net margin of 28.31%.Coeur Mining’s revenue was up 120.9% compared to the same quarter last year. During the same period last year, the firm earned $0.11 EPS. On average, research analysts anticipate that Coeur Mining will post 0.58 EPS for the current fiscal year.

About Coeur Mining

(Get Free Report)

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.

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Analyst Recommendations for Coeur Mining (NYSE:CDE)

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