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

Shares of Coeur Mining, Inc. (NYSE:CDE) have received a consensus recommendation of “Moderate Buy” from the twelve ratings firms that are presently covering the firm, Marketbeat Ratings reports. Five equities research analysts have rated the stock with a hold rating, five have assigned a buy rating and two have issued a strong buy rating on the company. The average 1 year price target among brokerages that have updated their coverage on the stock in the last year is $20.8750.

Several research firms have recently commented on CDE. TD Securities raised their target price on shares of Coeur Mining from $23.00 to $25.00 and gave the stock a “buy” rating in a research note on Tuesday, November 11th. Zacks Research downgraded shares of Coeur Mining from a “strong-buy” rating to a “hold” rating in a research report on Friday, February 20th. Roth Mkm reaffirmed a “buy” rating and issued a $29.00 price objective on shares of Coeur Mining in a report on Thursday, February 19th. Canaccord Genuity Group downgraded Coeur Mining from a “buy” rating to a “hold” rating in a research note on Friday, February 20th. Finally, Wall Street Zen raised Coeur Mining from a “hold” rating to a “buy” rating in a report on Sunday, December 21st.

Coeur Mining Trading Down 1.5%

NYSE:CDE opened at $23.77 on Thursday. Coeur Mining has a 12-month low of $4.58 and a 12-month high of $27.77. The company has a current ratio of 2.47, a quick ratio of 1.66 and a debt-to-equity ratio of 0.10. The stock’s 50 day simple moving average is $22.15 and its 200-day simple moving average is $18.45. The firm has a market cap of $15.26 billion, a P/E ratio of 27.32 and a beta of 1.16.

Coeur Mining (NYSE:CDE) last issued its quarterly earnings results on Wednesday, February 18th. The basic materials company reported $0.35 earnings per share for the quarter, missing the consensus estimate of $0.43 by ($0.08). The company had revenue of $674.85 million for the quarter, compared to analyst estimates of $668.70 million. Coeur Mining had a return on equity of 18.75% and a net margin of 28.31%.Coeur Mining’s revenue for the quarter was up 120.9% compared to the same quarter last year. During the same period in the prior year, the business earned $0.11 earnings per share. Equities analysts anticipate that Coeur Mining will post 0.58 EPS for the current year.

Institutional Investors Weigh In On Coeur Mining

Several institutional investors have recently made changes to their positions in CDE. Allworth Financial LP grew its stake in shares of Coeur Mining by 20.9% during the 4th quarter. Allworth Financial LP now owns 2,994 shares of the basic materials company’s stock worth $53,000 after purchasing an additional 517 shares during the period. Baader Bank Aktiengesellschaft grew its position in Coeur Mining by 2.8% during the fourth quarter. Baader Bank Aktiengesellschaft now owns 34,090 shares of the basic materials company’s stock worth $608,000 after buying an additional 935 shares during the period. Sound Income Strategies LLC increased its holdings in Coeur Mining by 99.2% in the fourth quarter. Sound Income Strategies LLC now owns 2,000 shares of the basic materials company’s stock valued at $36,000 after buying an additional 996 shares in the last quarter. Savant Capital LLC lifted its position in shares of Coeur Mining by 2.3% during the 3rd quarter. Savant Capital LLC now owns 46,551 shares of the basic materials company’s stock valued at $873,000 after acquiring an additional 1,066 shares during the period. Finally, PNC Financial Services Group Inc. lifted its position in shares of Coeur Mining by 12.2% during the 4th quarter. PNC Financial Services Group Inc. now owns 10,650 shares of the basic materials company’s stock valued at $190,000 after acquiring an additional 1,156 shares during the period. 63.01% of the stock is currently owned by hedge funds and other institutional investors.

Coeur Mining Company Profile

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.