Coeur Mining, Inc. (NYSE:CDE) Receives Consensus Recommendation of “Buy” from Brokerages

Coeur Mining, Inc. (NYSE:CDE) has been assigned a consensus recommendation of “Buy” from the six analysts that are currently covering the firm, MarketBeat reports. Five research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. The average 12-month price objective among brokers that have issued a report on the stock in the last year is $8.31.

Several equities analysts have weighed in on the stock. StockNews.com upgraded shares of Coeur Mining from a “sell” rating to a “hold” rating in a report on Friday, November 8th. BMO Capital Markets assumed coverage on shares of Coeur Mining in a report on Tuesday, February 18th. They set an “outperform” rating and a $9.00 target price for the company. Roth Mkm dropped their target price on shares of Coeur Mining from $8.50 to $8.25 and set a “buy” rating for the company in a report on Friday. Cantor Fitzgerald raised shares of Coeur Mining from a “hold” rating to a “strong-buy” rating in a research note on Thursday, November 7th. Finally, Raymond James raised shares of Coeur Mining from a “market perform” rating to an “outperform” rating and decreased their price target for the stock from $8.75 to $8.25 in a research note on Friday.

Coeur Mining Stock Performance

Shares of CDE opened at $5.45 on Friday. The company has a quick ratio of 0.39, a current ratio of 0.83 and a debt-to-equity ratio of 0.50. The company has a 50-day simple moving average of $6.31 and a 200-day simple moving average of $6.40. Coeur Mining has a 52-week low of $2.42 and a 52-week high of $7.72. The company has a market capitalization of $2.17 billion, a PE ratio of 45.38 and a beta of 1.59.

Coeur Mining (NYSE:CDE) last posted its earnings results on Wednesday, February 19th. The basic materials company reported $0.11 earnings per share for the quarter, meeting the consensus estimate of $0.11. Coeur Mining had a net margin of 5.59% and a return on equity of 6.59%. The firm had revenue of $305.40 million during the quarter, compared to the consensus estimate of $314.32 million. Equities research analysts predict that Coeur Mining will post 0.58 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Coeur Mining

Several hedge funds have recently modified their holdings of the company. GAMMA Investing LLC lifted its position in Coeur Mining by 139.8% during the fourth quarter. GAMMA Investing LLC now owns 5,761 shares of the basic materials company’s stock valued at $33,000 after buying an additional 3,359 shares in the last quarter. Quarry LP increased its stake in shares of Coeur Mining by 853.8% in the fourth quarter. Quarry LP now owns 6,667 shares of the basic materials company’s stock worth $38,000 after buying an additional 5,968 shares during the last quarter. Optiver Holding B.V. increased its stake in shares of Coeur Mining by 150.5% in the fourth quarter. Optiver Holding B.V. now owns 8,160 shares of the basic materials company’s stock worth $47,000 after buying an additional 4,903 shares during the last quarter. FNY Investment Advisers LLC bought a new stake in shares of Coeur Mining in the fourth quarter worth $57,000. Finally, DRW Securities LLC bought a new stake in shares of Coeur Mining in the fourth quarter worth $60,000. 63.01% of the stock is 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.