Coeur Mining, Inc. (NYSE:CDE) Receives $16.75 Consensus PT from Analysts

Shares of Coeur Mining, Inc. (NYSE:CDE) have been assigned a consensus recommendation of “Moderate Buy” from the eleven ratings firms that are covering the firm, Marketbeat Ratings reports. Three investment analysts have rated the stock with a hold recommendation, six have given a buy recommendation and two have issued a strong buy recommendation on the company. The average 1-year target price among brokerages that have covered the stock in the last year is $16.75.

CDE has been the subject of a number of research reports. Roth Capital upped their target price on shares of Coeur Mining from $20.00 to $23.00 and gave the company a “buy” rating in a report on Monday, December 15th. TD Securities upped their price objective on Coeur Mining from $23.00 to $25.00 and gave the company a “buy” rating in a research note on Tuesday, November 11th. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Coeur Mining in a research report on Monday. Raymond James Financial set a $21.00 target price on Coeur Mining in a report on Thursday, October 30th. Finally, Wall Street Zen upgraded Coeur Mining from a “hold” rating to a “buy” rating in a research note on Sunday, December 21st.

Institutional Trading of Coeur Mining

Several hedge funds have recently made changes to their positions in CDE. JPL Wealth Management LLC purchased a new stake in Coeur Mining in the 3rd quarter valued at approximately $35,000. Covestor Ltd lifted its holdings in shares of Coeur Mining by 7,011.5% in the 3rd quarter. Covestor Ltd now owns 1,849 shares of the basic materials company’s stock valued at $35,000 after buying an additional 1,823 shares during the period. Bogart Wealth LLC purchased a new stake in shares of Coeur Mining in the third quarter valued at approximately $62,000. EverSource Wealth Advisors LLC boosted its stake in shares of Coeur Mining by 74.2% in the second quarter. EverSource Wealth Advisors LLC now owns 3,368 shares of the basic materials company’s stock valued at $30,000 after buying an additional 1,435 shares in the last quarter. Finally, MAI Capital Management acquired a new position in Coeur Mining during the first quarter worth $25,000. Institutional investors and hedge funds own 63.01% of the company’s stock.

Coeur Mining Price Performance

Shares of NYSE CDE opened at $19.19 on Friday. The stock has a market cap of $12.32 billion, a P/E ratio of 29.08 and a beta of 1.33. Coeur Mining has a twelve month low of $4.58 and a twelve month high of $23.61. The stock has a 50 day moving average of $16.58 and a two-hundred day moving average of $14.13. The company has a current ratio of 2.00, a quick ratio of 1.10 and a debt-to-equity ratio of 0.11.

Coeur Mining (NYSE:CDE) last announced its earnings results on Wednesday, October 29th. The basic materials company reported $0.23 EPS for the quarter, missing analysts’ consensus estimates of $0.25 by ($0.02). The business had revenue of $554.57 million during the quarter, compared to analyst estimates of $511.20 million. Coeur Mining had a net margin of 24.03% and a return on equity of 15.52%. The business’s revenue was up 76.9% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.12 earnings per share. On average, research analysts forecast that Coeur Mining will post 0.58 earnings per share 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.