Coeur Mining, Inc. (NYSE:CDE) Receives Average Recommendation of “Buy” from Brokerages

Shares of Coeur Mining, Inc. (NYSE:CDE) have been assigned a consensus rating of “Buy” from the eleven research firms that are currently covering the stock, MarketBeat.com reports. Two research analysts have rated the stock with a hold rating, six have given a buy rating and three have issued a strong buy rating on the company. The average 12 month price objective among brokers that have covered the stock in the last year is $19.2857.

A number of research firms have recently issued reports on CDE. TD Securities raised 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. Wall Street Zen upgraded shares of Coeur Mining from a “hold” rating to a “buy” rating in a research note on Sunday, December 21st. Cormark cut shares of Coeur Mining from a “moderate buy” rating to a “hold” rating in a report on Wednesday, October 29th. Roth Mkm upped their target price on Coeur Mining from $20.00 to $23.00 and gave the company a “buy” rating in a report on Monday, December 15th. Finally, Cantor Fitzgerald cut Coeur Mining from an “overweight” rating to a “hold” rating and set a $16.00 price target on the stock. in a research report on Thursday, October 30th.

Hedge Funds Weigh In On Coeur Mining

Institutional investors have recently modified their holdings of the company. Allworth Financial LP boosted its stake in Coeur Mining by 20.9% during the 4th quarter. Allworth Financial LP now owns 2,994 shares of the basic materials company’s stock valued at $53,000 after purchasing an additional 517 shares during the period. Baader Bank Aktiengesellschaft boosted its position in shares of Coeur Mining by 2.8% during the fourth quarter. Baader Bank Aktiengesellschaft now owns 34,090 shares of the basic materials company’s stock worth $608,000 after buying an additional 935 shares during the period. Sound Income Strategies LLC grew its holdings in Coeur Mining by 99.2% in the 4th quarter. Sound Income Strategies LLC now owns 2,000 shares of the basic materials company’s stock worth $36,000 after buying an additional 996 shares in the last quarter. Savant Capital LLC grew its holdings in Coeur Mining by 2.3% in the 3rd quarter. Savant Capital LLC now owns 46,551 shares of the basic materials company’s stock worth $873,000 after buying an additional 1,066 shares in the last quarter. Finally, PNC Financial Services Group Inc. increased its position in Coeur Mining by 12.2% in the 4th quarter. PNC Financial Services Group Inc. now owns 10,650 shares of the basic materials company’s stock valued at $190,000 after acquiring an additional 1,156 shares during the period. Institutional investors own 63.01% of the company’s stock.

Coeur Mining Trading Up 7.2%

Shares of NYSE CDE opened at $22.45 on Friday. The company has a quick ratio of 1.10, a current ratio of 2.00 and a debt-to-equity ratio of 0.11. The stock’s 50 day moving average price is $20.29 and its two-hundred day moving average price is $17.18. Coeur Mining has a 52-week low of $4.58 and a 52-week high of $27.77. The stock has a market capitalization of $14.42 billion, a P/E ratio of 34.02 and a beta of 1.21.

About Coeur Mining

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.