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

Shares of Coeur Mining, Inc. (NYSE:CDE) have earned a consensus rating of “Moderate Buy” from the eleven analysts that are presently covering the stock, Marketbeat Ratings reports. Three investment analysts have rated the stock with a hold recommendation, six have issued a buy recommendation and two have issued a strong buy recommendation on the company. The average 12-month price target among analysts that have covered the stock in the last year is $16.75.

A number of equities analysts have recently commented on the stock. Wall Street Zen lowered shares of Coeur Mining from a “buy” rating to a “hold” rating in a research report on Saturday, December 13th. TD Cowen upgraded shares of Coeur Mining to a “strong-buy” rating in a report on Monday, December 1st. Weiss Ratings reissued a “buy (b-)” rating on shares of Coeur Mining in a research report on Monday. Cormark downgraded Coeur Mining from a “moderate buy” rating to a “hold” rating in a research report on Wednesday, October 29th. Finally, Cantor Fitzgerald lowered Coeur Mining from an “overweight” rating to a “hold” rating and set a $16.00 price objective on the stock. in a research note on Thursday, October 30th.

Institutional Investors Weigh In On Coeur Mining

Several hedge funds have recently modified their holdings of CDE. MAI Capital Management acquired a new stake in shares of Coeur Mining in the first quarter worth $25,000. EverSource Wealth Advisors LLC raised its stake in Coeur Mining by 74.2% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 3,368 shares of the basic materials company’s stock valued at $30,000 after purchasing an additional 1,435 shares during the last quarter. Covestor Ltd boosted its holdings in Coeur Mining by 7,011.5% in the 3rd quarter. Covestor Ltd now owns 1,849 shares of the basic materials company’s stock valued at $35,000 after purchasing an additional 1,823 shares during the period. JPL Wealth Management LLC acquired a new stake in Coeur Mining in the 3rd quarter worth $35,000. Finally, Luminist Capital LLC acquired a new stake in Coeur Mining in the 2nd quarter worth $40,000. 63.01% of the stock is owned by institutional investors.

Coeur Mining Price Performance

Shares of NYSE:CDE opened at $18.25 on Friday. The stock has a market capitalization of $11.72 billion, a P/E ratio of 27.65 and a beta of 1.33. The business has a 50-day moving average of $16.87 and a two-hundred day moving average of $13.79. Coeur Mining has a fifty-two week low of $4.58 and a fifty-two week high of $23.61. The company has a debt-to-equity ratio of 0.11, a current ratio of 2.00 and a quick ratio of 1.10.

Coeur Mining (NYSE:CDE) last issued its quarterly earnings data on Wednesday, October 29th. The basic materials company reported $0.23 EPS for the quarter, missing analysts’ consensus estimates of $0.25 by ($0.02). Coeur Mining had a net margin of 24.03% and a return on equity of 15.52%. The company had revenue of $554.57 million for the quarter, compared to analyst estimates of $511.20 million. During the same period in the prior year, the company posted $0.12 EPS. The business’s revenue was up 76.9% on a year-over-year basis. On average, equities research analysts predict that Coeur Mining will post 0.58 EPS for the current fiscal year.

About Coeur Mining

Coeur Mining, Inc is a publicly traded precious metals mining company headquartered in Chicago, Illinois. The company specializes in the exploration, development and production of silver and gold deposits, with a focus on high-grade underground and open-pit operations. Through a combination of operating mines and advanced exploration projects, Coeur Mining seeks to deliver consistent production of silver and gold bullion while maintaining industry standards for safety, environmental stewardship and cost management.

Coeur Mining’s portfolio includes five principal operating mines and several exploration projects across North America and Australia.