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

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

CDE has been the subject of a number of research reports. Cantor Fitzgerald upgraded Coeur Mining from a “hold” rating to a “strong-buy” rating in a research note on Thursday, November 7th. Canaccord Genuity Group raised their price objective on shares of Coeur Mining from $7.00 to $7.75 and gave the company a “buy” rating in a research report on Tuesday, October 8th. StockNews.com upgraded shares of Coeur Mining from a “sell” rating to a “hold” rating in a research report on Friday, November 8th. Raymond James increased their price target on shares of Coeur Mining from $6.25 to $7.00 and gave the company a “market perform” rating in a research note on Friday, September 20th. Finally, Roth Mkm restated a “buy” rating and issued a $8.50 price objective (down previously from $9.00) on shares of Coeur Mining in a research report on Friday, November 8th.

Coeur Mining Price Performance

Shares of Coeur Mining stock opened at $6.56 on Tuesday. The stock has a market capitalization of $2.62 billion, a price-to-earnings ratio of -218.59 and a beta of 1.60. The firm’s 50-day moving average price is $6.57 and its two-hundred day moving average price is $6.27. The company has a current ratio of 1.09, a quick ratio of 0.39 and a debt-to-equity ratio of 0.53. Coeur Mining has a 1-year low of $2.42 and a 1-year high of $7.72.

Coeur Mining (NYSE:CDE) last released its quarterly earnings results on Wednesday, November 6th. The basic materials company reported $0.12 EPS for the quarter, topping analysts’ consensus estimates 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 for the quarter, compared to analyst estimates of $289.19 million. During the same period in the prior year, the company earned ($0.05) EPS. Coeur Mining’s revenue for the quarter was up 61.1% on a year-over-year basis. On average, equities analysts predict that Coeur Mining will post 0.15 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Coeur Mining

Several large investors have recently bought and sold shares of the business. CWM LLC raised its position in shares of Coeur Mining by 831.5% during the 2nd quarter. CWM LLC now owns 5,030 shares of the basic materials company’s stock valued at $28,000 after acquiring an additional 4,490 shares during the last quarter. Point72 Asia Singapore Pte. Ltd. bought a new stake in Coeur Mining in the second quarter valued at about $49,000. Hohimer Wealth Management LLC acquired a new position in Coeur Mining in the second quarter valued at about $57,000. WINTON GROUP Ltd bought a new position in Coeur Mining during the second quarter worth about $57,000. Finally, CIBC Asset Management Inc acquired a new position in shares of Coeur Mining during the 2nd quarter worth about $59,000. 63.01% of the stock is currently owned by institutional investors and hedge funds.

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.