Coeur Mining, Inc. (NYSE:CDE) Given Consensus Rating of “Buy” by Analysts

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

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

Coeur Mining Stock Up 2.1 %

CDE stock opened at $6.93 on Wednesday. Coeur Mining has a fifty-two week low of $2.42 and a fifty-two week high of $7.72. The stock has a fifty day moving average of $6.31 and a 200-day moving average of $6.34. The company has a market capitalization of $2.77 billion, a price-to-earnings ratio of -230.76 and a beta of 1.59. The company has a debt-to-equity ratio of 0.53, a quick ratio of 0.39 and a current ratio of 1.09.

Coeur Mining (NYSE:CDE) last posted its 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 firm had revenue of $313.50 million during the quarter, compared to the consensus estimate of $289.19 million. Coeur Mining had a negative net margin of 0.44% and a positive return on equity of 1.78%. The company’s revenue was up 61.1% on a year-over-year basis. During the same quarter last year, the company earned ($0.05) earnings per share. As a group, equities research analysts predict that Coeur Mining will post 0.22 earnings per share for the current year.

Institutional Trading of Coeur Mining

A number of large investors have recently modified their holdings of CDE. JPMorgan Chase & Co. boosted its holdings in shares of 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 worth $9,761,000 after purchasing an additional 665,452 shares in the last quarter. Van ECK Associates Corp lifted its position in Coeur Mining by 1.1% in the 3rd quarter. Van ECK Associates Corp now owns 34,469,783 shares of the basic materials company’s stock worth $251,629,000 after buying an additional 365,115 shares during the last quarter. U S Global Investors Inc. boosted its stake in Coeur Mining by 160.4% in the third quarter. U S Global Investors Inc. now owns 586,000 shares of the basic materials company’s stock worth $4,032,000 after buying an additional 361,000 shares in the last quarter. Barclays PLC grew its position in Coeur Mining by 59.2% during the third quarter. Barclays PLC now owns 962,652 shares of the basic materials company’s stock valued at $6,624,000 after acquiring an additional 358,097 shares during the last quarter. Finally, AQR Capital Management LLC raised its stake in shares of Coeur Mining by 84.6% during the second quarter. AQR Capital Management LLC now owns 487,609 shares of the basic materials company’s stock worth $2,740,000 after acquiring an additional 223,529 shares in the last quarter. Institutional investors 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.