Coeur Mining Inc (CDE) Receives Average Rating of “Buy” from Analysts

Coeur Mining Inc (NYSE:CDE) has received an average recommendation of “Buy” from the nine analysts that are covering the company, Marketbeat.com reports. Two investment analysts have rated the stock with a sell rating and six have assigned a buy rating to the company. The average 12-month target price among analysts that have covered the stock in the last year is $9.15.

CDE has been the topic of several research analyst reports. Noble Financial restated a “buy” rating on shares of Coeur Mining in a research note on Wednesday, October 17th. ValuEngine upgraded Coeur Mining from a “strong sell” rating to a “sell” rating in a research note on Tuesday, October 2nd. BMO Capital Markets dropped their target price on Coeur Mining from $10.50 to $9.00 and set an “outperform” rating on the stock in a research note on Wednesday, October 10th. TheStreet downgraded Coeur Mining from a “c-” rating to a “d+” rating in a research note on Thursday, October 25th. Finally, Raymond James set a $8.00 target price on Coeur Mining and gave the stock a “buy” rating in a research note on Thursday, November 1st.

Shares of CDE stock opened at $3.93 on Friday. Coeur Mining has a 1-year low of $3.81 and a 1-year high of $8.94. The company has a current ratio of 1.96, a quick ratio of 1.00 and a debt-to-equity ratio of 0.53. The firm has a market cap of $828.36 million, a P/E ratio of 196.69 and a beta of 0.74.

Coeur Mining (NYSE:CDE) last announced its earnings results on Wednesday, October 31st. The basic materials company reported ($0.11) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.09) by ($0.02). Coeur Mining had a negative return on equity of 0.47% and a negative net margin of 5.92%. The business had revenue of $148.80 million for the quarter, compared to analysts’ expectations of $151.15 million. During the same quarter last year, the firm earned ($0.10) earnings per share. The firm’s quarterly revenue was down 6.9% compared to the same quarter last year. On average, equities research analysts forecast that Coeur Mining will post -0.13 earnings per share for the current fiscal year.

A number of institutional investors have recently bought and sold shares of the business. Stevens Capital Management LP grew its stake in Coeur Mining by 60.9% during the 2nd quarter. Stevens Capital Management LP now owns 30,207 shares of the basic materials company’s stock valued at $230,000 after purchasing an additional 11,430 shares during the last quarter. Swiss National Bank grew its stake in Coeur Mining by 3.9% during the 2nd quarter. Swiss National Bank now owns 329,000 shares of the basic materials company’s stock valued at $2,500,000 after purchasing an additional 12,300 shares during the last quarter. AGF Investments Inc. grew its stake in Coeur Mining by 4.1% during the 2nd quarter. AGF Investments Inc. now owns 316,900 shares of the basic materials company’s stock valued at $2,408,000 after purchasing an additional 12,500 shares during the last quarter. Engineers Gate Manager LP grew its stake in Coeur Mining by 39.8% during the 2nd quarter. Engineers Gate Manager LP now owns 52,958 shares of the basic materials company’s stock valued at $402,000 after purchasing an additional 15,085 shares during the last quarter. Finally, Russell Investments Group Ltd. grew its stake in Coeur Mining by 41.7% during the 3rd quarter. Russell Investments Group Ltd. now owns 60,728 shares of the basic materials company’s stock valued at $324,000 after purchasing an additional 17,860 shares during the last quarter. Institutional investors and hedge funds own 66.90% of the company’s stock.

Coeur Mining Company Profile

Coeur Mining, Inc owns, operates, explores for, and develops silver and gold properties. It holds interests in the Palmarejo silver-gold complex located in Mexico; the Silvertip silver-zinc-lead mine located in British Columbia; the Rochester silver-gold mine located in Nevada; the Kensington gold mine located in Alaska; and the Wharf gold mine located in South Dakota.

Recommended Story: Fundamental Analysis

Analyst Recommendations for Coeur Mining (NYSE:CDE)

Receive News & Ratings for Coeur Mining Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Coeur Mining and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply