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

Coeur Mining, Inc. (NYSE:CDE) has been given a consensus rating of “Buy” by the six research firms that are covering the firm, Marketbeat.com reports. One analyst has rated the stock with a hold recommendation, four have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average 1-year price objective among brokerages that have issued a report on the stock in the last year is $7.81.

Several brokerages recently commented on CDE. Cantor Fitzgerald raised Coeur Mining from a “hold” rating to a “strong-buy” rating in a research note on Thursday, November 7th. Roth Mkm restated a “buy” rating and issued a $8.50 target price (down previously from $9.00) on shares of Coeur Mining in a research note on Friday, November 8th. StockNews.com raised shares of Coeur Mining from a “sell” rating to a “hold” rating in a report on Friday, November 8th. Finally, Canaccord Genuity Group upped their price objective on shares of Coeur Mining from $7.00 to $7.75 and gave the stock a “buy” rating in a research note on Tuesday, October 8th.

Coeur Mining Trading Up 4.2 %

Shares of CDE stock opened at $6.28 on Wednesday. The firm has a market capitalization of $2.51 billion, a P/E ratio of -209.10 and a beta of 1.60. Coeur Mining has a 1 year low of $2.42 and a 1 year high of $7.72. The firm’s fifty day simple moving average is $6.30 and its 200 day simple moving average is $6.34. The company has a current ratio of 1.09, a quick ratio of 0.39 and a debt-to-equity ratio of 0.53.

Coeur Mining (NYSE:CDE) last announced its quarterly earnings data on Wednesday, November 6th. The basic materials company reported $0.12 EPS for the quarter, topping analysts’ consensus estimates of $0.07 by $0.05. The company had revenue of $313.50 million during the quarter, compared to the consensus estimate of $289.19 million. Coeur Mining had a positive return on equity of 1.78% and a negative net margin of 0.44%. The company’s quarterly revenue was up 61.1% on a year-over-year basis. During the same quarter last year, the company earned ($0.05) EPS. As a group, sell-side analysts predict that Coeur Mining will post 0.22 EPS for the current year.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the stock. Jennison Associates LLC acquired a new stake in shares of Coeur Mining during the 3rd quarter worth approximately $579,000. JPMorgan Chase & Co. boosted its stake in Coeur Mining by 88.3% in the third quarter. JPMorgan Chase & Co. now owns 1,418,716 shares of the basic materials company’s stock valued at $9,761,000 after acquiring an additional 665,452 shares during the last quarter. XTX Topco Ltd acquired a new stake in Coeur Mining during the 3rd quarter worth $1,311,000. Van ECK Associates Corp raised its position in shares of Coeur Mining by 1.1% during the 3rd quarter. Van ECK Associates Corp now owns 34,469,783 shares of the basic materials company’s stock valued at $251,629,000 after acquiring an additional 365,115 shares during the last quarter. Finally, U S Global Investors Inc. lifted its stake in shares of Coeur Mining by 160.4% in the 3rd quarter. U S Global Investors Inc. now owns 586,000 shares of the basic materials company’s stock valued at $4,032,000 after purchasing an additional 361,000 shares during the period. Institutional investors own 63.01% of the company’s stock.

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.