Coeur Mining, Inc. (NYSE:CDE) Given Average Rating of “Moderate Buy” by Brokerages

Coeur Mining, Inc. (NYSE:CDE) has received a consensus recommendation of “Moderate Buy” from the five analysts that are presently covering the firm, MarketBeat.com reports. Two investment analysts have rated the stock with a hold rating and three have issued a buy rating on the company. The average 1 year target price among analysts that have updated their coverage on the stock in the last year is $7.83.

A number of equities research analysts have commented on the company. Roth Mkm increased their target price on Coeur Mining from $8.00 to $8.50 and gave the company a “buy” rating in a report on Wednesday, September 25th. 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. Cantor Fitzgerald lowered shares of Coeur Mining from an “overweight” rating to a “neutral” rating in a report on Thursday, August 8th. Finally, Raymond James lifted their price target on shares of Coeur Mining from $6.25 to $7.00 and gave the stock a “market perform” rating in a report on Friday, September 20th.

Institutional Trading of Coeur Mining

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Ballentine Partners LLC lifted its holdings in shares of Coeur Mining by 18.3% during the 2nd quarter. Ballentine Partners LLC now owns 14,435 shares of the basic materials company’s stock worth $81,000 after acquiring an additional 2,232 shares during the period. Ameritas Investment Partners Inc. boosted its holdings in shares of Coeur Mining by 12.7% in the 1st quarter. Ameritas Investment Partners Inc. now owns 35,796 shares of the basic materials company’s stock valued at $135,000 after purchasing an additional 4,030 shares during the last quarter. CWM LLC grew its stake 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 buying an additional 4,490 shares during the period. Marotta Asset Management increased its holdings in shares of Coeur Mining by 50.0% during the 1st quarter. Marotta Asset Management now owns 15,000 shares of the basic materials company’s stock worth $57,000 after buying an additional 5,000 shares during the last quarter. Finally, Russell Investments Group Ltd. raised its position in shares of Coeur Mining by 32.4% in the 1st quarter. Russell Investments Group Ltd. now owns 24,337 shares of the basic materials company’s stock worth $92,000 after buying an additional 5,956 shares during the period. Hedge funds and other institutional investors own 63.01% of the company’s stock.

Coeur Mining Price Performance

Shares of NYSE CDE opened at $7.04 on Thursday. The company has a current ratio of 1.20, a quick ratio of 0.45 and a debt-to-equity ratio of 0.59. The company’s 50-day moving average price is $6.23 and its 200 day moving average price is $5.56. Coeur Mining has a 52 week low of $2.00 and a 52 week high of $7.72. The stock has a market cap of $2.81 billion, a price-to-earnings ratio of -22.69 and a beta of 1.64.

Coeur Mining (NYSE:CDE) last announced its quarterly earnings results on Wednesday, August 7th. The basic materials company reported ($0.01) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.02) by $0.01. Coeur Mining had a negative net margin of 8.33% and a negative return on equity of 4.59%. The company had revenue of $222.03 million for 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 company’s revenue for the quarter was up 25.3% compared to the same quarter last year. As a group, research analysts forecast that Coeur Mining will post 0.08 earnings per share for the current fiscal 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.