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

Coeur Mining, Inc. (NYSE:CDE) has been assigned an average rating of “Moderate Buy” from the seven brokerages that are covering the stock, Marketbeat reports. Two research analysts have rated the stock with a hold rating and five have issued a buy rating on the company. The average 12 month price objective among brokers that have covered the stock in the last year is $6.44.

A number of equities analysts recently weighed in on CDE shares. Cantor Fitzgerald downgraded shares of Coeur Mining from an “overweight” rating to a “neutral” rating in a report on Thursday, August 8th. BMO Capital Markets increased their target price on shares of Coeur Mining from $6.75 to $7.50 and gave the company an “outperform” rating in a research report on Friday, July 12th. Raymond James lifted their price target on shares of Coeur Mining from $5.75 to $6.25 and gave the stock a “market perform” rating in a report on Friday, August 9th. Finally, Roth Mkm reissued a “buy” rating and set a $8.00 price objective (up from $7.25) on shares of Coeur Mining in a report on Friday, August 9th.

Coeur Mining Trading Up 2.1 %

NYSE:CDE opened at $5.50 on Friday. Coeur Mining has a 52 week low of $2.00 and a 52 week high of $6.82. The firm has a 50-day moving average price of $6.06 and a two-hundred day moving average price of $5.04. The company has a debt-to-equity ratio of 0.59, a quick ratio of 0.45 and a current ratio of 1.20. The firm has a market cap of $2.19 billion, a price-to-earnings ratio of -17.73 and a beta of 1.60.

Coeur Mining (NYSE:CDE) last issued its quarterly earnings results on Wednesday, August 7th. The basic materials company reported ($0.01) EPS for the quarter, topping analysts’ consensus estimates of ($0.02) by $0.01. The business had revenue of $222.03 million for the quarter, compared to analyst estimates of $242.18 million. Coeur Mining had a negative return on equity of 4.59% and a negative net margin of 8.33%. Coeur Mining’s quarterly revenue was up 25.3% compared to the same quarter last year. During the same period last year, the company posted ($0.06) earnings per share. On average, equities analysts expect that Coeur Mining will post 0.08 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Coeur Mining

A number of large investors have recently made changes to their positions in CDE. Janus Henderson Group PLC boosted its position in shares of Coeur Mining by 18.5% in the first quarter. Janus Henderson Group PLC now owns 2,723,185 shares of the basic materials company’s stock valued at $10,254,000 after acquiring an additional 424,835 shares during the period. Vanguard Group Inc. increased its holdings in Coeur Mining by 12.5% during the 4th quarter. Vanguard Group Inc. now owns 35,854,316 shares of the basic materials company’s stock worth $116,885,000 after acquiring an additional 3,989,352 shares during the period. BNP Paribas Financial Markets increased its holdings in Coeur Mining by 149.1% during the 1st quarter. BNP Paribas Financial Markets now owns 323,988 shares of the basic materials company’s stock worth $1,221,000 after acquiring an additional 193,912 shares during the period. Assenagon Asset Management S.A. boosted its holdings in Coeur Mining by 253.1% in the 1st quarter. Assenagon Asset Management S.A. now owns 872,659 shares of the basic materials company’s stock valued at $3,290,000 after purchasing an additional 625,490 shares during the period. Finally, Dimensional Fund Advisors LP boosted its holdings in Coeur Mining by 0.5% in the 4th quarter. Dimensional Fund Advisors LP now owns 16,087,106 shares of the basic materials company’s stock valued at $52,445,000 after purchasing an additional 84,920 shares during the period. 63.01% of the stock is owned by institutional investors.

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.