Coeur Mining, Inc. (NYSE:CDE) Receives $7.81 Consensus Target Price from Analysts

Coeur Mining, Inc. (NYSE:CDE) has been assigned an average rating of “Buy” from the six brokerages that are presently covering the firm, Marketbeat Ratings reports. One 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 1-year target price among brokers that have updated their coverage on the stock in the last year is $7.81.

Several equities research analysts have recently issued reports on CDE shares. StockNews.com raised Coeur Mining from a “sell” rating to a “hold” rating in a report on Friday, November 8th. Canaccord Genuity Group upped their target price on shares of Coeur Mining from $7.00 to $7.75 and gave the company a “buy” rating in a research report on Tuesday, October 8th. Cantor Fitzgerald upgraded Coeur Mining from a “hold” rating to a “strong-buy” rating in a report on Thursday, November 7th. Finally, Roth Mkm restated a “buy” rating and set a $8.50 price objective (down previously from $9.00) on shares of Coeur Mining in a report on Friday, November 8th.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of the stock. GAMMA Investing LLC grew its stake in shares of Coeur Mining by 139.8% in the fourth quarter. GAMMA Investing LLC now owns 5,761 shares of the basic materials company’s stock worth $33,000 after acquiring an additional 3,359 shares in the last quarter. Point72 Asia Singapore Pte. Ltd. acquired a new position in Coeur Mining during the 2nd quarter worth $49,000. FNY Investment Advisers LLC purchased a new stake in Coeur Mining during the 4th quarter worth about $57,000. SPC Financial Inc. acquired a new stake in Coeur Mining in the 2nd quarter valued at about $65,000. Finally, Empowered Funds LLC acquired a new stake in Coeur Mining in the fourth quarter valued at approximately $66,000. Institutional investors and hedge funds own 63.01% of the company’s stock.

Coeur Mining Stock Performance

Shares of CDE stock opened at $6.59 on Wednesday. The firm has a market capitalization of $2.63 billion, a price-to-earnings ratio of -219.43 and a beta of 1.60. The stock has a fifty day moving average of $6.30 and a 200 day moving average of $6.34. Coeur Mining has a 52 week low of $2.42 and a 52 week high of $7.72. The company has a quick ratio of 0.39, a current ratio of 1.09 and a debt-to-equity ratio of 0.53.

Coeur Mining (NYSE:CDE) last posted its earnings results on Wednesday, November 6th. The basic materials company reported $0.12 EPS for the quarter, topping analysts’ consensus estimates of $0.07 by $0.05. Coeur Mining had a positive return on equity of 1.78% and a negative net margin of 0.44%. The business had revenue of $313.50 million during the quarter, compared to analyst estimates of $289.19 million. During the same quarter last year, the company earned ($0.05) EPS. The company’s quarterly revenue was up 61.1% compared to the same quarter last year. As a group, research analysts expect that Coeur Mining will post 0.22 earnings per share for the current year.

Coeur Mining Company Profile

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.