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

Coeur Mining, Inc. (NYSE:CDE) has been given an average rating of “Buy” by the ten research firms that are currently covering the stock, Marketbeat.com reports. Three analysts have rated the stock with a hold rating, four have given a buy rating and three have issued a strong buy rating on the company. The average 1 year target price among brokers that have updated their coverage on the stock in the last year is $18.1667.

A number of research analysts have recently commented on the stock. Wall Street Zen raised shares of Coeur Mining from a “hold” rating to a “buy” rating in a research report on Sunday, December 21st. Weiss Ratings lowered shares of Coeur Mining from a “buy (b-)” rating to a “hold (c+)” rating in a report on Thursday, January 29th. Zacks Research raised shares of Coeur Mining from a “hold” rating to a “strong-buy” rating in a research report on Monday, December 29th. Cormark lowered Coeur Mining from a “moderate buy” rating to a “hold” rating in a research report on Wednesday, October 29th. Finally, Raymond James Financial set a $21.00 price target on Coeur Mining in a report on Thursday, October 30th.

Institutional Trading of Coeur Mining

Hedge funds and other institutional investors have recently made changes to their positions in the stock. JPMorgan Chase & Co. boosted its position in Coeur Mining by 84.0% during the 2nd quarter. JPMorgan Chase & Co. now owns 2,881,784 shares of the basic materials company’s stock valued at $25,533,000 after purchasing an additional 1,315,348 shares during the period. Voya Investment Management LLC increased its position in Coeur Mining by 246.5% in the third quarter. Voya Investment Management LLC now owns 608,227 shares of the basic materials company’s stock worth $11,410,000 after buying an additional 432,683 shares during the period. Moody Aldrich Partners LLC bought a new stake in Coeur Mining in the third quarter valued at $5,768,000. Allspring Global Investments Holdings LLC boosted its holdings in shares of Coeur Mining by 29.5% during the third quarter. Allspring Global Investments Holdings LLC now owns 2,368,071 shares of the basic materials company’s stock valued at $44,709,000 after acquiring an additional 539,615 shares during the period. Finally, Precision Wealth Strategies LLC acquired a new position in shares of Coeur Mining during the third quarter valued at $1,169,000. Institutional investors own 63.01% of the company’s stock.

Coeur Mining Stock Performance

Shares of NYSE:CDE opened at $21.45 on Friday. The business’s 50-day simple moving average is $19.67 and its 200 day simple moving average is $16.72. The company has a market cap of $13.77 billion, a P/E ratio of 32.50 and a beta of 1.21. The company has a debt-to-equity ratio of 0.11, a quick ratio of 1.10 and a current ratio of 2.00. Coeur Mining has a one year low of $4.58 and a one year high of $27.77.

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.