Coeur Mining Inc (CDE) Receives Consensus Recommendation of “Hold” from Analysts
Shares of Coeur Mining Inc (NYSE:CDE) have been given an average recommendation of “Hold” by the twelve ratings firms that are currently covering the stock, MarketBeat reports. Three research analysts have rated the stock with a sell rating, three have assigned a hold rating and five have assigned a buy rating to the company. The average 1-year price target among brokerages that have issued a report on the stock in the last year is $10.29.
A number of research firms have commented on CDE. Raymond James Financial upgraded Coeur Mining from a “market perform” rating to an “outperform” rating and upped their price target for the stock from $10.25 to $10.50 in a research note on Tuesday, November 21st. BMO Capital Markets began coverage on Coeur Mining in a research report on Friday, November 17th. They set an “outperform” rating and a $10.50 price objective on the stock. Roth Capital cut their price objective on Coeur Mining from $12.50 to $10.00 and set a “buy” rating on the stock in a research report on Friday, October 27th. Zacks Investment Research lowered Coeur Mining from a “hold” rating to a “strong sell” rating in a research report on Wednesday, October 18th. Finally, Noble Financial reaffirmed a “hold” rating on shares of Coeur Mining in a research report on Thursday, January 11th.
Coeur Mining (NYSE CDE) opened at $7.85 on Friday. The company has a debt-to-equity ratio of 0.36, a quick ratio of 2.51 and a current ratio of 3.68. Coeur Mining has a 52 week low of $6.71 and a 52 week high of $12.09. The company has a market capitalization of $1,460.00, a price-to-earnings ratio of -78.50 and a beta of 0.55.
Several institutional investors have recently bought and sold shares of the company. BlackRock Inc. increased its position in shares of Coeur Mining by 1.3% during the second quarter. BlackRock Inc. now owns 11,688,139 shares of the basic materials company’s stock worth $100,285,000 after acquiring an additional 149,548 shares during the period. Dimensional Fund Advisors LP increased its holdings in Coeur Mining by 29.5% in the third quarter. Dimensional Fund Advisors LP now owns 6,029,110 shares of the basic materials company’s stock valued at $55,408,000 after buying an additional 1,374,250 shares during the last quarter. Investec Asset Management LTD increased its holdings in Coeur Mining by 0.5% in the third quarter. Investec Asset Management LTD now owns 3,375,037 shares of the basic materials company’s stock valued at $31,017,000 after buying an additional 18,285 shares during the last quarter. Northern Trust Corp increased its holdings in Coeur Mining by 10.0% in the second quarter. Northern Trust Corp now owns 2,453,075 shares of the basic materials company’s stock valued at $21,048,000 after buying an additional 222,044 shares during the last quarter. Finally, Global X MANAGEMENT CO LLC increased its holdings in Coeur Mining by 8.2% in the third quarter. Global X MANAGEMENT CO LLC now owns 2,349,811 shares of the basic materials company’s stock valued at $21,595,000 after buying an additional 177,097 shares during the last quarter. 69.29% of the stock is currently owned by institutional investors and hedge funds.
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About Coeur Mining
Coeur Mining, Inc is a gold and silver producer. The Company has its mines located in the United States, Mexico, and Bolivia and exploration projects in Mexico and Argentina. Its segments include Palmarejo, Rochester, Kensington, Wharf, San Bartolome mines, Coeur Capital and Other. The Palmarejo complex is located in the state of Chihuahua, Mexico.
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