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

Shares of Coeur Mining, Inc. (NYSE:CDE) have been given a consensus recommendation of “Moderate Buy” by the nine research firms that are presently covering the company, MarketBeat Ratings reports. Two investment analysts have rated the stock with a hold rating and seven have issued a buy rating on the company. The average 12 month price target among analysts that have issued a report on the stock in the last year is $4.21.

Several research firms have weighed in on CDE. BMO Capital Markets upped their price objective on shares of Coeur Mining from $3.50 to $4.25 and gave the stock a “market perform” rating in a report on Wednesday, April 10th. Roth Mkm initiated coverage on shares of Coeur Mining in a research report on Tuesday, April 9th. They issued a “buy” rating and a $5.40 price target on the stock. Raymond James boosted their price objective on Coeur Mining from $3.75 to $4.00 and gave the stock a “market perform” rating in a report on Monday, April 8th. Roth Capital restated a “buy” rating on shares of Coeur Mining in a report on Tuesday, April 9th. Finally, National Bank Financial reiterated an “outperform spec market weight” rating on shares of Coeur Mining in a report on Monday, April 8th.

Coeur Mining Stock Up 2.5 %

CDE stock opened at $4.94 on Monday. The stock’s 50 day simple moving average is $3.66 and its 200 day simple moving average is $3.10. The company has a market cap of $1.92 billion, a P/E ratio of -15.94 and a beta of 1.82. The company has a debt-to-equity ratio of 0.51, a quick ratio of 0.38 and a current ratio of 0.92. Coeur Mining has a fifty-two week low of $2.00 and a fifty-two week high of $5.47.

Coeur Mining (NYSE:CDE) last released its quarterly earnings data on Wednesday, February 21st. The basic materials company reported ($0.02) EPS for the quarter. Coeur Mining had a negative net margin of 12.62% and a negative return on equity of 7.79%. The firm had revenue of $262.10 million for the quarter. On average, research analysts expect that Coeur Mining will post -0.04 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the business. Van ECK Associates Corp raised its stake in shares of Coeur Mining by 10.9% during the 4th quarter. Van ECK Associates Corp now owns 36,279,058 shares of the basic materials company’s stock worth $118,269,000 after purchasing an additional 3,556,959 shares during the period. Vanguard Group Inc. raised its position in Coeur Mining by 12.5% in the fourth quarter. Vanguard Group Inc. now owns 35,854,316 shares of the basic materials company’s stock worth $116,885,000 after acquiring an additional 3,989,352 shares during the period. Dimensional Fund Advisors LP boosted its stake in Coeur Mining by 0.5% in the fourth quarter. Dimensional Fund Advisors LP now owns 16,087,106 shares of the basic materials company’s stock valued at $52,445,000 after acquiring an additional 84,920 shares during the last quarter. Jupiter Asset Management Ltd. grew its position in shares of Coeur Mining by 95.9% during the 3rd quarter. Jupiter Asset Management Ltd. now owns 10,246,050 shares of the basic materials company’s stock valued at $22,746,000 after acquiring an additional 5,017,119 shares during the period. Finally, Mirae Asset Global Investments Co. Ltd. increased its stake in shares of Coeur Mining by 22.0% during the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 9,457,720 shares of the basic materials company’s stock worth $30,832,000 after purchasing an additional 1,702,840 shares during 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.