Brokerages Set Coeur Mining, Inc. (NYSE:CDE) Target Price at $7.81

Shares of Coeur Mining, Inc. (NYSE:CDE) have earned a consensus rating of “Buy” from the six brokerages that are currently covering the company, Marketbeat reports. One research analyst has rated the stock with a hold recommendation, four have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1 year target price among brokerages that have issued a report on the stock in the last year is $7.81.

A number of research firms recently issued reports on CDE. Canaccord Genuity Group boosted their target price on shares of Coeur Mining from $7.00 to $7.75 and gave the company a “buy” rating in a report on Tuesday, October 8th. Cantor Fitzgerald raised shares of Coeur Mining from a “hold” rating to a “strong-buy” rating in a research note on Thursday, November 7th. Raymond James increased their target price on Coeur Mining from $6.25 to $7.00 and gave the stock a “market perform” rating in a research report on Friday, September 20th. Roth Mkm reissued a “buy” rating and set a $8.50 price target (down previously from $9.00) on shares of Coeur Mining in a research report on Friday, November 8th. Finally, BMO Capital Markets raised their price objective on Coeur Mining from $7.50 to $8.00 and gave the stock an “outperform” rating in a report on Monday, September 23rd.

Institutional Trading of Coeur Mining

A number of institutional investors and hedge funds have recently made changes to their positions in CDE. Van ECK Associates Corp increased its stake in shares of Coeur Mining by 1.1% in the third quarter. Van ECK Associates Corp now owns 34,469,783 shares of the basic materials company’s stock worth $251,629,000 after purchasing an additional 365,115 shares during the period. Tidal Investments LLC bought a new position in Coeur Mining in the 1st quarter worth approximately $41,587,000. Geode Capital Management LLC lifted its holdings in shares of Coeur Mining by 1.0% during the third quarter. Geode Capital Management LLC now owns 9,146,107 shares of the basic materials company’s stock worth $62,937,000 after buying an additional 89,863 shares during the last quarter. American Century Companies Inc. boosted its position in shares of Coeur Mining by 248.1% in the second quarter. American Century Companies Inc. now owns 6,463,587 shares of the basic materials company’s stock valued at $36,325,000 after acquiring an additional 4,606,711 shares during the period. Finally, Millennium Management LLC grew its stake in shares of Coeur Mining by 2.6% in the second quarter. Millennium Management LLC now owns 2,833,850 shares of the basic materials company’s stock worth $15,926,000 after acquiring an additional 72,423 shares during the last quarter. Institutional investors and hedge funds own 63.01% of the company’s stock.

Coeur Mining Trading Up 1.5 %

Shares of CDE stock opened at $6.63 on Friday. The stock has a market cap of $2.65 billion, a P/E ratio of -220.93 and a beta of 1.65. 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 has a fifty-two week low of $2.42 and a fifty-two week high of $7.72. The business has a fifty day simple moving average of $6.69 and a 200-day simple moving average of $6.12.

Coeur Mining (NYSE:CDE) last released its quarterly earnings results on Wednesday, November 6th. The basic materials company reported $0.12 earnings per share for the quarter, topping the consensus estimate of $0.07 by $0.05. The company had revenue of $313.50 million during the quarter, compared to the consensus estimate of $289.19 million. Coeur Mining had a positive return on equity of 1.78% and a negative net margin of 0.44%. Coeur Mining’s revenue was up 61.1% compared to the same quarter last year. During the same quarter last year, the business posted ($0.05) earnings per share. On average, analysts forecast that Coeur Mining will post 0.15 earnings per share for the current fiscal year.

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.