Coeur Mining, Inc. (NYSE:CDE) Receives $4.21 Average Price Target from Brokerages

Shares of Coeur Mining, Inc. (NYSE:CDE) have been assigned a consensus rating of “Moderate Buy” from the nine analysts that are covering the stock, MarketBeat.com reports. Two equities research analysts have rated the stock with a hold recommendation and seven have issued a buy recommendation on the company. The average 1-year price target among brokers that have covered the stock in the last year is $4.21.

Several equities research analysts recently weighed in on the company. Roth Mkm assumed coverage on Coeur Mining in a report on Tuesday, April 9th. They set a “buy” rating and a $5.40 price target for the company. Roth Capital reaffirmed a “buy” rating on shares of Coeur Mining in a report on Tuesday, April 9th. Raymond James increased their price target on Coeur Mining from $3.75 to $4.00 and gave the stock a “market perform” rating in a report on Monday, April 8th. BMO Capital Markets increased their price target on Coeur Mining from $3.50 to $4.25 and gave the stock a “market perform” rating in a report on Wednesday, April 10th. Finally, National Bank Financial reaffirmed an “outperform spec market weight” rating on shares of Coeur Mining in a report on Monday, April 8th.

Coeur Mining Stock Performance

Shares of Coeur Mining stock opened at $4.58 on Monday. The firm has a market capitalization of $1.78 billion, a P/E ratio of -14.77 and a beta of 1.82. Coeur Mining has a 52 week low of $2.00 and a 52 week high of $5.47. The company has a quick ratio of 0.38, a current ratio of 0.92 and a debt-to-equity ratio of 0.51. The firm’s 50 day moving average is $3.78 and its two-hundred day moving average is $3.14.

Coeur Mining (NYSE:CDE) last announced its earnings results on Wednesday, February 21st. The basic materials company reported ($0.02) earnings per share (EPS) for the quarter. The business had revenue of $262.10 million for the quarter. Coeur Mining had a negative return on equity of 7.79% and a negative net margin of 12.62%. Research analysts forecast that Coeur Mining will post -0.04 EPS for the current fiscal year.

Institutional Trading of Coeur Mining

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. StoneX Group Inc. purchased a new stake in Coeur Mining during the 1st quarter worth about $49,000. Capstone Investment Advisors LLC increased its position in Coeur Mining by 167.6% during the 1st quarter. Capstone Investment Advisors LLC now owns 106,857 shares of the basic materials company’s stock worth $403,000 after purchasing an additional 66,929 shares in the last quarter. BNP Paribas Financial Markets increased its position in Coeur Mining by 149.1% during the 1st quarter. BNP Paribas Financial Markets now owns 323,988 shares of the basic materials company’s stock worth $1,221,000 after purchasing an additional 193,912 shares in the last quarter. Van ECK Associates Corp increased its position in Coeur Mining by 6.5% during the 1st quarter. Van ECK Associates Corp now owns 38,624,849 shares of the basic materials company’s stock worth $145,616,000 after purchasing an additional 2,345,791 shares in the last quarter. Finally, TSP Capital Management Group LLC grew its holdings in Coeur Mining by 214.3% in the 1st quarter. TSP Capital Management Group LLC now owns 942,800 shares of the basic materials company’s stock valued at $3,554,000 after buying an additional 642,800 shares during the period. Hedge funds and other institutional investors own 63.01% of the company’s stock.

About Coeur Mining

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.