Brokerages Set Coeur Mining, Inc. (NYSE:CDE) PT at $5.66

Shares of Coeur Mining, Inc. (NYSE:CDE) have earned an average rating of “Moderate Buy” from the seven research firms that are covering the stock, Marketbeat.com reports. Two equities research analysts have rated the stock with a hold recommendation and five have given a buy recommendation to the company. The average 1-year price objective among brokerages that have issued a report on the stock in the last year is $6.44.

CDE has been the subject of a number of recent analyst reports. BMO Capital Markets increased their price target on shares of Coeur Mining from $6.75 to $7.50 and gave the company an “outperform” rating in a research note on Friday, July 12th. Cantor Fitzgerald cut shares of Coeur Mining from an “overweight” rating to a “neutral” rating in a research note on Thursday, August 8th. Raymond James raised their target price on shares of Coeur Mining from $5.75 to $6.25 and gave the stock a “market perform” rating in a research note on Friday, August 9th. Finally, Roth Mkm restated a “buy” rating and set a $8.00 target price (up previously from $7.25) on shares of Coeur Mining in a research note on Friday, August 9th.

Institutional Investors Weigh In On Coeur Mining

Hedge funds and other institutional investors have recently made changes to their positions in the stock. SG Americas Securities LLC lifted its position in shares of Coeur Mining by 47.0% during the 4th quarter. SG Americas Securities LLC now owns 32,507 shares of the basic materials company’s stock valued at $106,000 after acquiring an additional 10,388 shares during the period. Arizona State Retirement System lifted its holdings in Coeur Mining by 4.1% during the fourth quarter. Arizona State Retirement System now owns 98,725 shares of the basic materials company’s stock valued at $322,000 after purchasing an additional 3,899 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in shares of Coeur Mining by 66.4% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 89,425 shares of the basic materials company’s stock worth $292,000 after buying an additional 35,681 shares in the last quarter. Atria Wealth Solutions Inc. bought a new position in shares of Coeur Mining in the fourth quarter worth approximately $33,000. Finally, Van ECK Associates Corp grew its position in Coeur Mining by 10.9% during the fourth quarter. Van ECK Associates Corp now owns 36,279,058 shares of the basic materials company’s stock valued at $118,269,000 after acquiring an additional 3,556,959 shares during the last quarter. 63.01% of the stock is owned by institutional investors.

Coeur Mining Price Performance

NYSE:CDE opened at $5.78 on Wednesday. Coeur Mining has a 12 month low of $2.00 and a 12 month high of $6.82. The company’s 50-day moving average price is $5.90 and its two-hundred day moving average price is $4.67. The firm has a market cap of $2.31 billion, a PE ratio of -18.65 and a beta of 1.60. The company has a quick ratio of 0.43, a current ratio of 0.99 and a debt-to-equity ratio of 0.55.

Coeur Mining (NYSE:CDE) last issued its quarterly earnings data on Wednesday, August 7th. The basic materials company reported ($0.01) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.02) by $0.01. Coeur Mining had a negative net margin of 12.77% and a negative return on equity of 6.28%. The company had revenue of $222.03 million during the quarter, compared to the consensus estimate of $242.18 million. During the same quarter in the prior year, the firm earned ($0.06) earnings per share. The firm’s revenue was up 25.3% compared to the same quarter last year. On average, equities analysts anticipate that Coeur Mining will post 0.08 EPS 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.