Coeur Mining, Inc. (NYSE:CDE) Given Consensus Rating of “Moderate Buy” by Brokerages

Coeur Mining, Inc. (NYSE:CDEGet Free Report) has been assigned a consensus recommendation of “Moderate Buy” from the fourteen analysts that are presently covering the stock, MarketBeat reports. Five equities research analysts have rated the stock with a hold recommendation, seven have given a buy recommendation and two have given a strong buy recommendation to the company. The average 1-year price objective among brokers that have issued ratings on the stock in the last year is $24.6667.

Several equities analysts recently issued reports on CDE shares. Weiss Ratings downgraded shares of Coeur Mining from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Friday. Canadian Imperial Bank of Commerce began coverage on shares of Coeur Mining in a research note on Tuesday, March 10th. They issued an “outperform” rating and a $40.00 target price for the company. Royal Bank Of Canada boosted their price target on Coeur Mining from $22.00 to $26.00 and gave the company an “outperform” rating in a report on Thursday, February 12th. TD Cowen raised Coeur Mining to a “strong-buy” rating in a research note on Monday, December 1st. Finally, ATB Cormark Capital Markets upgraded Coeur Mining from a “hold” rating to a “moderate buy” rating in a report on Tuesday, March 24th.

Check Out Our Latest Analysis on Coeur Mining

Key Stories Impacting Coeur Mining

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Coeur Mining Trading Down 0.3%

Coeur Mining stock opened at $17.08 on Monday. The stock has a 50-day moving average price of $22.31 and a 200 day moving average price of $19.32. Coeur Mining has a 52 week low of $4.58 and a 52 week high of $27.77. The stock has a market cap of $10.96 billion, a PE ratio of 19.63 and a beta of 1.16. The company has a current ratio of 2.47, a quick ratio of 1.66 and a debt-to-equity ratio of 0.10.

Coeur Mining (NYSE:CDEGet Free Report) last released its earnings results on Wednesday, February 18th. The basic materials company reported $0.35 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.43 by ($0.08). The firm had revenue of $674.85 million during the quarter, compared to analysts’ expectations of $668.70 million. Coeur Mining had a net margin of 28.31% and a return on equity of 18.75%. Coeur Mining’s revenue for the quarter was up 120.9% on a year-over-year basis. During the same quarter last year, the company posted $0.11 earnings per share. Equities research analysts predict that Coeur Mining will post 0.58 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Coeur Mining

Large investors have recently bought and sold shares of the stock. Up Capital Management Inc. acquired a new position in shares of Coeur Mining in the 4th quarter valued at about $228,000. Rockefeller Capital Management L.P. grew its stake in Coeur Mining by 0.9% during the fourth quarter. Rockefeller Capital Management L.P. now owns 122,722 shares of the basic materials company’s stock worth $2,188,000 after buying an additional 1,142 shares during the period. Sankala Group LLC acquired a new stake in shares of Coeur Mining in the fourth quarter worth $140,000. Alpine Global Management LLC acquired a new stake in shares of Coeur Mining in the fourth quarter worth $198,000. Finally, Ketron Financial purchased a new position in shares of Coeur Mining in the 4th quarter valued at $214,000. Hedge funds and other institutional investors own 63.01% of the company’s stock.

About Coeur Mining

(Get Free Report)

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.

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