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

Shares of Coeur Mining, Inc. (NYSE:CDEGet Rating) have earned an average recommendation of “Hold” from the seven ratings firms that are presently covering the company, MarketBeat reports. One equities research analyst has rated the stock with a sell rating and five have given a hold rating to the company. The average twelve-month price objective among brokerages that have issued ratings on the stock in the last year is $3.75.

Several brokerages have commented on CDE. Raymond James lifted their price target on Coeur Mining from $5.00 to $5.25 and gave the stock a “market perform” rating in a research report on Tuesday, September 20th. Cormark dropped their price target on Coeur Mining to $3.00 in a research report on Wednesday, November 16th. BMO Capital Markets dropped their price target on Coeur Mining from $3.75 to $3.50 and set a “market perform” rating on the stock in a research report on Friday, December 16th. Finally, StockNews.com began coverage on Coeur Mining in a research report on Wednesday, October 12th. They issued a “sell” rating on the stock.

Coeur Mining Stock Up 0.8 %

Shares of CDE stock opened at $3.71 on Tuesday. The stock’s 50 day simple moving average is $3.49 and its 200 day simple moving average is $3.27. The company has a debt-to-equity ratio of 0.74, a quick ratio of 1.18 and a current ratio of 1.73. Coeur Mining has a twelve month low of $2.54 and a twelve month high of $5.54. The company has a market capitalization of $1.04 billion, a price-to-earnings ratio of -7.42 and a beta of 1.46.

Coeur Mining (NYSE:CDEGet Rating) last issued its quarterly earnings data on Wednesday, November 9th. The basic materials company reported ($0.16) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.05) by ($0.11). Coeur Mining had a negative net margin of 17.60% and a negative return on equity of 9.85%. The company had revenue of $182.99 million during the quarter, compared to the consensus estimate of $207.68 million. As a group, research analysts predict that Coeur Mining will post -0.34 EPS for the current year.

Hedge Funds Weigh In On Coeur Mining

Several institutional investors have recently bought and sold shares of CDE. JPMorgan Chase & Co. raised its position in Coeur Mining by 163.3% in the 1st quarter. JPMorgan Chase & Co. now owns 1,002,353 shares of the basic materials company’s stock valued at $4,461,000 after purchasing an additional 621,717 shares during the last quarter. Raymond James & Associates raised its position in shares of Coeur Mining by 6.4% during the first quarter. Raymond James & Associates now owns 50,555 shares of the basic materials company’s stock worth $225,000 after acquiring an additional 3,050 shares during the last quarter. Raymond James Financial Services Advisors Inc. raised its position in shares of Coeur Mining by 5.3% during the first quarter. Raymond James Financial Services Advisors Inc. now owns 204,214 shares of the basic materials company’s stock worth $909,000 after acquiring an additional 10,250 shares during the last quarter. Bank of New York Mellon Corp raised its position in shares of Coeur Mining by 1.4% during the first quarter. Bank of New York Mellon Corp now owns 1,128,208 shares of the basic materials company’s stock worth $5,020,000 after acquiring an additional 15,716 shares during the last quarter. Finally, Bank of Montreal Can increased its holdings in Coeur Mining by 32.1% in the first quarter. Bank of Montreal Can now owns 655,171 shares of the basic materials company’s stock valued at $2,936,000 after purchasing an additional 159,300 shares during the last quarter. Institutional investors own 64.76% of the company’s stock.

Coeur Mining Company Profile

(Get Rating)

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 holds 100% interests in the Palmarejo gold and silver mine covering an area of approximately 67,296 net acres located in the State of Chihuahua in Northern Mexico; the Rochester silver and gold mine that covers an area of approximately 43,441net acres situated in northwestern Nevada; the Kensington gold mine comprising 3,972 net acres located to the north of Juneau, Alaska; the Wharf gold mine covering an area of approximately 3,243 net acres situated in the northern Black Hills of western South Dakota; and the Silvertip silver-zinc-lead mine comprising 97,298 net acres located in northern British Columbia, Canada.

Further Reading

Analyst Recommendations for Coeur Mining (NYSE:CDE)

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