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

Coeur Mining, Inc. (NYSE:CDE) has received a consensus recommendation of “Buy” from the six research firms that are covering the company, Marketbeat.com reports. One research analyst has rated the stock with a hold rating, four have issued a buy rating and one has issued a strong buy rating on the company. The average 12 month price objective among brokers that have issued ratings on the stock in the last year is $7.81.

CDE has been the subject of several research analyst reports. Cantor Fitzgerald raised Coeur Mining from a “hold” rating to a “strong-buy” rating in a report on Thursday, November 7th. BMO Capital Markets raised their price objective on shares of Coeur Mining from $7.50 to $8.00 and gave the stock an “outperform” rating in a research report on Monday, September 23rd. Raymond James lifted their price objective on shares of Coeur Mining from $6.25 to $7.00 and gave the company a “market perform” rating in a research note on Friday, September 20th. Canaccord Genuity Group increased their target price on shares of Coeur Mining from $7.00 to $7.75 and gave the stock a “buy” rating in a research note on Tuesday, October 8th. Finally, StockNews.com upgraded Coeur Mining from a “sell” rating to a “hold” rating in a research report on Friday, November 8th.

Coeur Mining Price Performance

Shares of CDE opened at $7.11 on Tuesday. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.09 and a quick ratio of 0.39. Coeur Mining has a 1-year low of $2.42 and a 1-year high of $7.72. The stock has a market cap of $2.84 billion, a PE ratio of -236.92 and a beta of 1.60. The firm has a fifty day moving average price of $6.57 and a 200 day moving average price of $6.23.

Coeur Mining (NYSE:CDE) last announced its earnings results on Wednesday, November 6th. The basic materials company reported $0.12 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.07 by $0.05. The firm had revenue of $313.50 million during the quarter, compared to analysts’ expectations of $289.19 million. Coeur Mining had a positive return on equity of 1.78% and a negative net margin of 0.44%. The business’s revenue was up 61.1% on a year-over-year basis. During the same period in the prior year, the firm earned ($0.05) EPS. As a group, sell-side analysts anticipate that Coeur Mining will post 0.15 EPS for the current year.

Hedge Funds Weigh In On Coeur Mining

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Jennison Associates LLC acquired a new stake in shares of Coeur Mining in the third quarter valued at about $579,000. Van ECK Associates Corp lifted its position in shares of Coeur Mining by 1.1% during the 3rd quarter. Van ECK Associates Corp now owns 34,469,783 shares of the basic materials company’s stock valued at $251,629,000 after acquiring an additional 365,115 shares during the period. U S Global Investors Inc. boosted its stake in shares of Coeur Mining by 160.4% during the 3rd quarter. U S Global Investors Inc. now owns 586,000 shares of the basic materials company’s stock worth $4,032,000 after acquiring an additional 361,000 shares in the last quarter. AQR Capital Management LLC increased its stake in Coeur Mining by 84.6% in the 2nd quarter. AQR Capital Management LLC now owns 487,609 shares of the basic materials company’s stock valued at $2,740,000 after purchasing an additional 223,529 shares in the last quarter. Finally, XTX Topco Ltd acquired a new position in Coeur Mining during the third quarter worth $1,311,000. Institutional investors and hedge funds own 63.01% of the company’s stock.

About Coeur Mining

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.