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

Coeur Mining, Inc. (NYSE:CDE) has earned an average rating of “Buy” from the six research firms that are covering the stock, Marketbeat reports. One equities research analyst has rated the stock with a hold recommendation, four have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average 1-year target price among analysts that have issued ratings on the stock in the last year is $7.81.

A number of brokerages have recently commented on CDE. BMO Capital Markets increased their target price on shares of Coeur Mining from $7.50 to $8.00 and gave the company an “outperform” rating in a research report on Monday, September 23rd. Cantor Fitzgerald upgraded shares of Coeur Mining from a “hold” rating to a “strong-buy” rating in a research report on Thursday, November 7th. Canaccord Genuity Group increased their target price 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. Roth Mkm reiterated a “buy” rating and issued a $8.50 target price (down from $9.00) on shares of Coeur Mining in a research report on Friday, November 8th. Finally, StockNews.com upgraded shares of Coeur Mining from a “sell” rating to a “hold” rating in a research report on Friday, November 8th.

Coeur Mining Price Performance

Shares of NYSE CDE opened at $6.26 on Friday. The firm has a market cap of $2.50 billion, a PE ratio of -208.60 and a beta of 1.60. The firm has a fifty day moving average of $6.31 and a 200 day moving average of $6.32. 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 has a one year low of $2.42 and a one year high of $7.72.

Coeur Mining (NYSE:CDE) last issued its quarterly earnings results on Wednesday, November 6th. The basic materials company reported $0.12 EPS for the quarter, topping the consensus estimate of $0.07 by $0.05. The company had revenue of $313.50 million during the quarter, compared to analyst estimates of $289.19 million. Coeur Mining had a negative net margin of 0.44% and a positive return on equity of 1.78%. The firm’s revenue was up 61.1% compared to the same quarter last year. During the same quarter in the previous year, the firm earned ($0.05) EPS. As a group, research analysts predict that Coeur Mining will post 0.15 EPS for the current fiscal year.

Institutional Investors Weigh In On Coeur Mining

Several hedge funds and other institutional investors have recently bought and sold shares of CDE. Jennison Associates LLC purchased a new position in Coeur Mining during the third quarter worth about $579,000. XTX Topco Ltd purchased a new position in Coeur Mining during the third quarter worth about $1,311,000. Van ECK Associates Corp boosted its stake in Coeur Mining by 1.1% during the third 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 period. U S Global Investors Inc. boosted its stake in Coeur Mining by 160.4% during 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 during the period. Finally, AQR Capital Management LLC boosted its stake in 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 buying an additional 223,529 shares during the period. 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.