Brokerages Set Coeur Mining, Inc. (NYSE:CDE) PT at $16.75

Coeur Mining, Inc. (NYSE:CDE) has received an average recommendation of “Moderate Buy” from the eleven ratings firms that are presently covering the company, Marketbeat Ratings reports. Three investment analysts have rated the stock with a hold recommendation, six have issued a buy recommendation and two have issued a strong buy recommendation on the company. The average 12 month target price among brokers that have updated their coverage on the stock in the last year is $16.75.

A number of research analysts have weighed in on CDE shares. Roth Capital raised their target price on shares of Coeur Mining from $20.00 to $23.00 and gave the stock a “buy” rating in a research note on Monday, December 15th. TD Securities increased their price target on Coeur Mining from $23.00 to $25.00 and gave the company a “buy” rating in a report on Tuesday, November 11th. TD Cowen upgraded Coeur Mining to a “strong-buy” rating in a research report on Monday, December 1st. Weiss Ratings restated a “buy (b-)” rating on shares of Coeur Mining in a report on Monday, December 15th. Finally, Wall Street Zen raised Coeur Mining from a “hold” rating to a “buy” rating in a research note on Sunday.

Hedge Funds Weigh In On Coeur Mining

Several institutional investors and hedge funds have recently bought and sold shares of CDE. Van ECK Associates Corp boosted its position in shares of Coeur Mining by 55.8% during the third quarter. Van ECK Associates Corp now owns 66,002,193 shares of the basic materials company’s stock worth $1,238,201,000 after buying an additional 23,646,265 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in Coeur Mining by 36.3% during the 3rd quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 23,857,511 shares of the basic materials company’s stock worth $447,567,000 after acquiring an additional 6,352,828 shares in the last quarter. Dimensional Fund Advisors LP boosted its holdings in Coeur Mining by 26.8% during the 1st quarter. Dimensional Fund Advisors LP now owns 21,751,422 shares of the basic materials company’s stock valued at $128,774,000 after acquiring an additional 4,594,097 shares during the period. Tidal Investments LLC grew its position in Coeur Mining by 55.3% in the 2nd quarter. Tidal Investments LLC now owns 20,734,671 shares of the basic materials company’s stock valued at $183,709,000 after acquiring an additional 7,382,955 shares in the last quarter. Finally, Geode Capital Management LLC grew its position in Coeur Mining by 2.0% in the 2nd quarter. Geode Capital Management LLC now owns 14,979,134 shares of the basic materials company’s stock valued at $132,732,000 after acquiring an additional 288,626 shares in the last quarter. 63.01% of the stock is currently owned by institutional investors and hedge funds.

Coeur Mining Price Performance

Coeur Mining stock opened at $18.87 on Friday. The company has a fifty day simple moving average of $16.82 and a 200-day simple moving average of $13.93. The firm has a market capitalization of $12.12 billion, a price-to-earnings ratio of 28.59 and a beta of 1.33. The company has a quick ratio of 1.10, a current ratio of 2.00 and a debt-to-equity ratio of 0.11. Coeur Mining has a 52-week low of $4.58 and a 52-week high of $23.61.

Coeur Mining (NYSE:CDE) last posted its quarterly earnings results on Wednesday, October 29th. The basic materials company reported $0.23 earnings per share for the quarter, missing the consensus estimate of $0.25 by ($0.02). Coeur Mining had a return on equity of 15.52% and a net margin of 24.03%.The business had revenue of $554.57 million during the quarter, compared to analysts’ expectations of $511.20 million. During the same period in the prior year, the business posted $0.12 earnings per share. The business’s quarterly revenue was up 76.9% on a year-over-year basis. On average, equities analysts anticipate that Coeur Mining will post 0.58 EPS for the current fiscal year.

Coeur Mining Company Profile

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.