Brokerages Set Coeur Mining, Inc. (NYSE:CDE) PT at $7.81

Shares of Coeur Mining, Inc. (NYSE:CDE) have been assigned a consensus recommendation of “Moderate Buy” from the six analysts that are presently covering the firm, MarketBeat reports. Two equities research analysts have rated the stock with a hold rating and four have issued a buy rating on the company. The average 12 month target price among brokerages that have covered the stock in the last year is $7.81.

Several research analysts have recently commented on CDE shares. BMO Capital Markets raised their price target on Coeur Mining from $7.50 to $8.00 and gave the stock an “outperform” rating in a research report on Monday, September 23rd. Roth Mkm raised their target price on Coeur Mining from $8.00 to $8.50 and gave the company a “buy” rating in a report on Wednesday, September 25th. Raymond James lifted their target price on Coeur Mining from $6.25 to $7.00 and gave the company a “market perform” rating in a research report on Friday, September 20th. Cantor Fitzgerald cut shares of Coeur Mining from an “overweight” rating to a “neutral” rating in a research report on Thursday, August 8th. Finally, Canaccord Genuity Group lifted their price objective on shares of Coeur Mining from $7.00 to $7.75 and gave the company a “buy” rating in a report on Tuesday, October 8th.

Coeur Mining Stock Down 4.4 %

Shares of CDE opened at $6.80 on Monday. The company’s 50-day moving average price is $6.54 and its 200 day moving average price is $5.90. Coeur Mining has a 12-month low of $2.00 and a 12-month high of $7.72. The company has a current ratio of 1.20, a quick ratio of 0.45 and a debt-to-equity ratio of 0.59. The firm has a market cap of $2.72 billion, a P/E ratio of -21.94 and a beta of 1.65.

Coeur Mining (NYSE:CDE) last released its quarterly earnings results on Wednesday, August 7th. The basic materials company reported ($0.01) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.02) by $0.01. The business had revenue of $222.03 million for the quarter, compared to the consensus estimate of $242.18 million. Coeur Mining had a negative net margin of 8.33% and a negative return on equity of 4.59%. The business’s revenue was up 25.3% on a year-over-year basis. During the same period in the previous year, the firm earned ($0.06) EPS. On average, sell-side analysts forecast that Coeur Mining will post 0.11 earnings per share for the current year.

Hedge Funds Weigh In On Coeur Mining

Several hedge funds and other institutional investors have recently made changes to their positions in CDE. Van ECK Associates Corp raised its holdings in Coeur Mining by 6.5% in the first quarter. Van ECK Associates Corp now owns 38,624,849 shares of the basic materials company’s stock valued at $145,616,000 after acquiring an additional 2,345,791 shares in the last quarter. Vanguard Group Inc. raised its holdings in shares of Coeur Mining by 12.5% in the 4th quarter. Vanguard Group Inc. now owns 35,854,316 shares of the basic materials company’s stock valued at $116,885,000 after purchasing an additional 3,989,352 shares in the last quarter. Tidal Investments LLC acquired a new stake in shares of Coeur Mining in the 1st quarter valued at $41,587,000. American Century Companies Inc. lifted its position in shares of Coeur Mining by 248.1% during the 2nd quarter. American Century Companies Inc. now owns 6,463,587 shares of the basic materials company’s stock worth $36,325,000 after purchasing an additional 4,606,711 shares during the last quarter. Finally, Millennium Management LLC grew its stake in shares of Coeur Mining by 2.6% during the second quarter. Millennium Management LLC now owns 2,833,850 shares of the basic materials company’s stock worth $15,926,000 after purchasing an additional 72,423 shares in the last quarter. Hedge funds and other 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.