Coeur Mining, Inc. (NYSE:CDE) Given Consensus Rating of “Moderate Buy” by Brokerages

Coeur Mining, Inc. (NYSE:CDE) has earned an average rating of “Moderate Buy” from the fourteen research firms that are currently covering the firm, Marketbeat.com reports. Four equities research analysts have rated the stock with a hold recommendation, eight have assigned a buy recommendation and two have given a strong buy recommendation to the company. The average 12 month price target among brokers that have covered the stock in the last year is $24.5556.

Several analysts have recently weighed in on CDE shares. Zacks Research raised shares of Coeur Mining from a “strong sell” rating to a “hold” rating in a report on Thursday, April 30th. Wall Street Zen downgraded shares of Coeur Mining from a “buy” rating to a “hold” rating in a report on Saturday, May 9th. Roth Mkm reissued a “buy” rating and set a $25.00 price objective on shares of Coeur Mining in a report on Friday, May 8th. Canadian Imperial Bank of Commerce assumed coverage on shares of Coeur Mining in a report on Tuesday, March 10th. They set an “outperform” rating and a $40.00 price objective on the stock. Finally, ATB Cormark Capital Markets raised shares of Coeur Mining from a “hold” rating to a “moderate buy” rating in a report on Tuesday, March 24th.

Coeur Mining Stock Down 1.2%

Shares of NYSE:CDE opened at $17.62 on Tuesday. The company has a market cap of $18.22 billion, a price-to-earnings ratio of 15.19 and a beta of 1.24. The firm’s 50-day simple moving average is $18.83 and its 200-day simple moving average is $19.36. The company has a quick ratio of 2.14, a current ratio of 3.73 and a debt-to-equity ratio of 0.07. Coeur Mining has a fifty-two week low of $7.65 and a fifty-two week high of $27.77.

Coeur Mining (NYSE:CDE) last issued its earnings results on Wednesday, May 6th. The basic materials company reported $0.36 earnings per share for the quarter, missing the consensus estimate of $0.37 by ($0.01). The firm had revenue of $856.19 million during the quarter, compared to analysts’ expectations of $815.59 million. Coeur Mining had a net margin of 31.15% and a return on equity of 15.38%. The firm’s revenue was up 137.8% on a year-over-year basis. During the same period in the previous year, the firm earned $0.11 EPS. As a group, equities research analysts predict that Coeur Mining will post 1.46 earnings per share for the current year.

Coeur Mining Announces Dividend

The business also recently disclosed a dividend, which will be paid on Wednesday, June 10th. Investors of record on Monday, May 25th will be issued a dividend of $0.02 per share. The ex-dividend date of this dividend is Friday, May 22nd. This represents a yield of 23.0%.

Institutional Trading of Coeur Mining

A number of institutional investors have recently added to or reduced their stakes in the stock. CTC Alternative Strategies Ltd. purchased a new stake in Coeur Mining during the first quarter worth about $359,000. Groupe la Francaise boosted its holdings in Coeur Mining by 101.8% during the first quarter. Groupe la Francaise now owns 555,000 shares of the basic materials company’s stock worth $10,385,000 after buying an additional 280,000 shares in the last quarter. Bank of America Corp DE boosted its holdings in Coeur Mining by 83.2% during the first quarter. Bank of America Corp DE now owns 5,429,896 shares of the basic materials company’s stock worth $101,919,000 after buying an additional 2,466,122 shares in the last quarter. Janus Henderson Group PLC boosted its holdings in Coeur Mining by 16.7% during the first quarter. Janus Henderson Group PLC now owns 2,040,461 shares of the basic materials company’s stock worth $38,306,000 after buying an additional 291,375 shares in the last quarter. Finally, Amundi boosted its holdings in Coeur Mining by 107.0% during the first quarter. Amundi now owns 6,164,731 shares of the basic materials company’s stock worth $115,712,000 after buying an additional 3,186,761 shares in the last quarter. Hedge funds and other institutional investors own 63.01% of the company’s stock.

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.