Coeur Mining, Inc. (NYSE:CDE) Receives $4.21 Average PT from Analysts

Shares of Coeur Mining, Inc. (NYSE:CDE) have earned a consensus recommendation of “Moderate Buy” from the nine research firms that are currently covering the company, Marketbeat.com reports. Two investment analysts have rated the stock with a hold recommendation and seven have assigned a buy recommendation to the company. The average twelve-month price target among brokers that have covered the stock in the last year is $4.21.

A number of brokerages recently weighed in on CDE. Raymond James lifted their price objective on shares of Coeur Mining from $3.75 to $4.00 and gave the company a “market perform” rating in a research note on Monday, April 8th. BMO Capital Markets upped their price target on shares of Coeur Mining from $3.50 to $4.25 and gave the stock a “market perform” rating in a research note on Wednesday, April 10th. National Bank Financial reiterated an “outperform spec market weight” rating on shares of Coeur Mining in a report on Monday, April 8th. Roth Capital reissued a “buy” rating on shares of Coeur Mining in a report on Tuesday, April 9th. Finally, Roth Mkm assumed coverage on Coeur Mining in a research note on Tuesday, April 9th. They set a “buy” rating and a $5.40 price target for the company.

Coeur Mining Stock Performance

Shares of NYSE CDE opened at $4.58 on Monday. Coeur Mining has a 12-month low of $2.00 and a 12-month high of $5.47. The company has a market cap of $1.78 billion, a PE ratio of -14.77 and a beta of 1.82. The stock has a 50 day simple moving average of $3.78 and a 200-day simple moving average of $3.14. The company has a current ratio of 0.92, a quick ratio of 0.38 and a debt-to-equity ratio of 0.51.

Coeur Mining (NYSE:CDE) last announced its earnings results on Wednesday, February 21st. The basic materials company reported ($0.02) earnings per share for the quarter. Coeur Mining had a negative net margin of 12.62% and a negative return on equity of 7.79%. The business had revenue of $262.10 million for the quarter. On average, equities research analysts forecast that Coeur Mining will post -0.04 EPS for the current year.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. StoneX Group Inc. bought a new stake in shares of Coeur Mining during the 1st quarter worth $49,000. Capstone Investment Advisors LLC lifted its holdings in shares of Coeur Mining by 167.6% during the first quarter. Capstone Investment Advisors LLC now owns 106,857 shares of the basic materials company’s stock valued at $403,000 after purchasing an additional 66,929 shares during the last quarter. BNP Paribas Financial Markets lifted its stake in Coeur Mining by 149.1% during the first quarter. BNP Paribas Financial Markets now owns 323,988 shares of the basic materials company’s stock valued at $1,221,000 after buying an additional 193,912 shares in the last quarter. Van ECK Associates Corp lifted its stake in Coeur Mining by 6.5% during the first quarter. Van ECK Associates Corp now owns 38,624,849 shares of the basic materials company’s stock valued at $145,616,000 after buying an additional 2,345,791 shares in the last quarter. Finally, TSP Capital Management Group LLC boosted its holdings in shares of Coeur Mining by 214.3% in the first quarter. TSP Capital Management Group LLC now owns 942,800 shares of the basic materials company’s stock worth $3,554,000 after buying an additional 642,800 shares during the period. 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.