Coeur Mining, Inc. (NYSE:CDE) Receives $20.88 Average PT from Brokerages

Shares of Coeur Mining, Inc. (NYSE:CDE) have been assigned a consensus rating of “Moderate Buy” from the twelve analysts that are covering the stock, MarketBeat Ratings reports. Five research analysts have rated the stock with a hold rating, five have given a buy rating and two have given a strong buy rating to the company. The average 12 month price target among brokerages that have covered the stock in the last year is $20.8750.

A number of research analysts have recently commented on the company. Wall Street Zen raised Coeur Mining from a “hold” rating to a “buy” rating in a report on Sunday, December 21st. Roth Mkm reiterated a “buy” rating and issued a $29.00 target price on shares of Coeur Mining in a research report on Thursday, February 19th. Weiss Ratings cut shares of Coeur Mining from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Friday, February 27th. TD Securities boosted their price target on shares of Coeur Mining from $23.00 to $25.00 and gave the stock a “buy” rating in a research report on Tuesday, November 11th. Finally, Canaccord Genuity Group lowered shares of Coeur Mining from a “buy” rating to a “hold” rating in a research note on Friday, February 20th.

Institutional Investors Weigh In On Coeur Mining

A number of institutional investors have recently added to or reduced their stakes in CDE. Van ECK Associates Corp increased its position in shares of Coeur Mining by 55.8% during the 3rd quarter. Van ECK Associates Corp now owns 66,002,193 shares of the basic materials company’s stock valued at $1,238,201,000 after purchasing an additional 23,646,265 shares during the period. Tidal Investments LLC lifted its holdings in shares of Coeur Mining by 55.3% in the second quarter. Tidal Investments LLC now owns 20,734,671 shares of the basic materials company’s stock valued at $183,709,000 after buying an additional 7,382,955 shares during the period. Norges Bank acquired a new stake in shares of Coeur Mining in the fourth quarter valued at $128,389,000. Arrowstreet Capital Limited Partnership boosted its stake in Coeur Mining by 212.0% during the second quarter. Arrowstreet Capital Limited Partnership now owns 10,321,169 shares of the basic materials company’s stock valued at $91,446,000 after buying an additional 7,013,222 shares in the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in Coeur Mining by 36.3% during the third quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 23,857,511 shares of the basic materials company’s stock valued at $447,567,000 after buying an additional 6,352,828 shares in the last quarter. 63.01% of the stock is currently owned by institutional investors and hedge funds.

Coeur Mining Stock Performance

Shares of CDE stock opened at $22.73 on Thursday. Coeur Mining has a 12-month low of $4.58 and a 12-month high of $27.77. The company has a debt-to-equity ratio of 0.10, a current ratio of 2.47 and a quick ratio of 1.66. The firm has a market capitalization of $14.60 billion, a price-to-earnings ratio of 26.13 and a beta of 1.16. The business has a 50 day simple moving average of $22.39 and a 200 day simple moving average of $18.74.

Coeur Mining (NYSE:CDE) last announced its earnings results on Wednesday, February 18th. The basic materials company reported $0.35 earnings per share for the quarter, missing the consensus estimate of $0.43 by ($0.08). Coeur Mining had a net margin of 28.31% and a return on equity of 18.75%. The business had revenue of $674.85 million for the quarter, compared to the consensus estimate of $668.70 million. During the same period in the previous year, the firm earned $0.11 EPS. The firm’s revenue was up 120.9% on a year-over-year basis. On average, equities research analysts anticipate that Coeur Mining will post 0.58 EPS for the current 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.