Brokerages Set Coeur Mining, Inc. (NYSE:CDE) Target Price at $7.81

Coeur Mining, Inc. (NYSE:CDE) has received a consensus recommendation of “Buy” from the six brokerages that are currently covering the stock, Marketbeat reports. One investment analyst has rated the stock with a hold rating, four have issued a buy rating and one has issued a strong buy rating on the company. The average twelve-month price target among analysts that have issued a report on the stock in the last year is $7.81.

Several analysts have weighed in on the company. Roth Mkm reaffirmed a “buy” rating and set a $8.50 target price (down previously from $9.00) on shares of Coeur Mining in a research note on Friday, November 8th. StockNews.com upgraded shares of Coeur Mining from a “sell” rating to a “hold” rating in a research note on Friday, November 8th. Canaccord Genuity Group increased their target price on shares of Coeur Mining from $7.00 to $7.75 and gave the company a “buy” rating in a research report on Tuesday, October 8th. Raymond James raised their target price on shares of Coeur Mining from $6.25 to $7.00 and gave the company a “market perform” rating in a research note on Friday, September 20th. Finally, Cantor Fitzgerald raised shares of Coeur Mining from a “hold” rating to a “strong-buy” rating in a research note on Thursday, November 7th.

Hedge Funds Weigh In On Coeur Mining

Several large investors have recently made changes to their positions in the business. Janus Henderson Group PLC boosted its stake in shares of Coeur Mining by 18.5% during the 1st quarter. Janus Henderson Group PLC now owns 2,723,185 shares of the basic materials company’s stock worth $10,254,000 after acquiring an additional 424,835 shares in the last quarter. BNP Paribas Financial Markets boosted its position in shares of Coeur Mining by 149.1% in the 1st quarter. BNP Paribas Financial Markets now owns 323,988 shares of the basic materials company’s stock valued at $1,221,000 after purchasing an additional 193,912 shares during the period. Van ECK Associates Corp increased its stake in Coeur Mining by 1.1% in the 3rd quarter. Van ECK Associates Corp now owns 34,469,783 shares of the basic materials company’s stock worth $251,629,000 after purchasing an additional 365,115 shares in the last quarter. SG Americas Securities LLC raised its holdings in Coeur Mining by 247.7% during the 1st quarter. SG Americas Securities LLC now owns 113,038 shares of the basic materials company’s stock worth $426,000 after buying an additional 80,531 shares during the period. Finally, AQR Capital Management LLC lifted its stake in Coeur Mining by 84.6% during the second quarter. AQR Capital Management LLC now owns 487,609 shares of the basic materials company’s stock valued at $2,740,000 after buying an additional 223,529 shares in the last quarter. Institutional investors own 63.01% of the company’s stock.

Coeur Mining Stock Down 1.4 %

CDE stock opened at $6.14 on Friday. The stock has a market cap of $2.45 billion, a PE ratio of -204.60 and a beta of 1.65. The firm’s 50-day simple moving average is $6.63 and its 200 day simple moving average is $6.08. Coeur Mining has a fifty-two week low of $2.39 and a fifty-two week high of $7.72. The company has a quick ratio of 0.39, a current ratio of 1.09 and a debt-to-equity ratio of 0.53.

Coeur Mining (NYSE:CDE) last announced its quarterly earnings results on Wednesday, November 6th. The basic materials company reported $0.12 EPS for the quarter, beating the consensus estimate of $0.07 by $0.05. The company had revenue of $313.50 million for the quarter, compared to analyst estimates of $289.19 million. Coeur Mining had a negative net margin of 0.44% and a positive return on equity of 1.78%. Coeur Mining’s revenue was up 61.1% compared to the same quarter last year. During the same quarter last year, the business earned ($0.05) earnings per share. As a group, sell-side analysts predict that Coeur Mining will post 0.15 EPS for the current year.

Coeur Mining Company Profile

Coeur Mining, Inc explores for precious metals in the United States, Canada, and Mexico. The company primarily explores for gold, silver, zinc, and lead properties. It markets and sells its concentrates to third-party customers, smelters, under off-take agreements. The company was formerly known as Coeur d'Alene Mines Corporation and changed its name to Coeur Mining, Inc in May 2013.