Coeur Mining, Inc. (NYSE:CDE) Receives $7.81 Average Price Target from Analysts

Shares of Coeur Mining, Inc. (NYSE:CDE) have earned a consensus rating of “Moderate Buy” from the six analysts that are currently covering the stock, MarketBeat.com reports. Two analysts have rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average 1-year price target among brokers that have updated their coverage on the stock in the last year is $7.81.

Several brokerages have recently issued reports on CDE. Cantor Fitzgerald cut Coeur Mining from an “overweight” rating to a “neutral” rating in a research note on Thursday, August 8th. Canaccord Genuity Group increased 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. Roth Mkm lifted their price objective on shares of Coeur Mining from $8.00 to $8.50 and gave the stock a “buy” rating in a research report on Wednesday, September 25th. Raymond James increased their target price on Coeur Mining from $6.25 to $7.00 and gave the company a “market perform” rating in a report on Friday, September 20th. Finally, BMO Capital Markets upped 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.

Hedge Funds Weigh In On Coeur Mining

Several hedge funds have recently made changes to their positions in CDE. Van ECK Associates Corp grew its position in shares of 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 worth $145,616,000 after acquiring an additional 2,345,791 shares during the last quarter. Vanguard Group Inc. grew its position in Coeur Mining by 12.5% during the 4th quarter. Vanguard Group Inc. now owns 35,854,316 shares of the basic materials company’s stock worth $116,885,000 after purchasing an additional 3,989,352 shares during the last quarter. Tidal Investments LLC acquired a new position in Coeur Mining in the first quarter valued at $41,587,000. American Century Companies Inc. raised its holdings in shares of Coeur Mining by 248.1% in the second quarter. American Century Companies Inc. now owns 6,463,587 shares of the basic materials company’s stock valued at $36,325,000 after buying an additional 4,606,711 shares during the last quarter. Finally, Millennium Management LLC boosted its stake in shares of Coeur Mining by 2.6% during the second quarter. Millennium Management LLC now owns 2,833,850 shares of the basic materials company’s stock worth $15,926,000 after buying an additional 72,423 shares during the period. Hedge funds and other institutional investors own 63.01% of the company’s stock.

Coeur Mining Stock Performance

NYSE CDE opened at $7.30 on Monday. The company has a market cap of $2.92 billion, a P/E ratio of -23.55 and a beta of 1.65. Coeur Mining has a 1-year low of $2.00 and a 1-year high of $7.72. The company has a debt-to-equity ratio of 0.59, a current ratio of 1.20 and a quick ratio of 0.45. The stock has a 50-day moving average of $6.50 and a two-hundred day moving average of $5.87.

Coeur Mining (NYSE:CDE) last announced its earnings results on Wednesday, August 7th. The basic materials company reported ($0.01) earnings per share for the quarter, topping the consensus estimate of ($0.02) by $0.01. The firm had revenue of $222.03 million for the quarter, compared to the consensus estimate of $242.18 million. Coeur Mining had a negative net margin of 8.33% and a negative return on equity of 4.59%. The firm’s revenue for the quarter was up 25.3% on a year-over-year basis. During the same period in the prior year, the firm earned ($0.06) EPS. As a group, analysts anticipate that Coeur Mining will post 0.11 EPS for the current 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.