Coeur Mining, Inc. (NYSE:CDE) Receives $7.81 Average PT from Analysts

Shares of Coeur Mining, Inc. (NYSE:CDE) have been given a consensus recommendation of “Buy” by the six ratings firms that are presently covering the firm, Marketbeat.com reports. One equities research analyst has rated the stock with a hold rating, four have given a buy rating and one has issued a strong buy rating on the company. The average 1 year price target among brokerages that have updated their coverage on the stock in the last year is $7.81.

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

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the company. GAMMA Investing LLC increased its holdings in shares of Coeur Mining by 139.8% during the fourth quarter. GAMMA Investing LLC now owns 5,761 shares of the basic materials company’s stock valued at $33,000 after acquiring an additional 3,359 shares in the last quarter. JPMorgan Chase & Co. grew its position in Coeur Mining by 88.3% in the 3rd quarter. JPMorgan Chase & Co. now owns 1,418,716 shares of the basic materials company’s stock valued at $9,761,000 after purchasing an additional 665,452 shares during the period. Franklin Resources Inc. bought a new stake in Coeur Mining during the 3rd quarter valued at $423,000. Virtu Financial LLC acquired a new position in Coeur Mining during the third quarter worth $119,000. Finally, Geode Capital Management LLC raised its holdings in 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. 63.01% of the stock is owned by institutional investors and hedge funds.

Coeur Mining Stock Up 4.9 %

NYSE:CDE opened at $6.43 on Friday. The company has a market cap of $2.57 billion, a PE ratio of -214.26 and a beta of 1.60. The firm’s 50 day simple moving average is $6.31 and its 200 day simple moving average is $6.31. 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 one year low of $2.42 and a one year high of $7.72.

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, topping the consensus estimate 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 period last year, the company earned ($0.05) EPS. Coeur Mining’s revenue for the quarter was up 61.1% compared to the same quarter last year. On average, research analysts anticipate that Coeur Mining will post 0.15 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.