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

Shares of Coeur Mining, Inc. (NYSE:CDE) have earned a consensus rating of “Moderate Buy” from the fourteen ratings firms that are presently covering the company, Marketbeat reports. Four investment analysts have rated the stock with a hold recommendation, eight have given a buy recommendation and two have assigned a strong buy recommendation to the company. The average 1 year price target among analysts that have updated their coverage on the stock in the last year is $24.5556.

Several equities analysts have issued reports on the company. Royal Bank Of Canada lifted their target price on Coeur Mining from $22.00 to $26.00 and gave the company an “outperform” rating in a research note on Thursday, February 12th. Cantor Fitzgerald lowered Coeur Mining from a “buy” rating to a “hold” rating and set a $19.00 target price on the stock. in a research note on Thursday, May 7th. Canadian Imperial Bank of Commerce assumed coverage on Coeur Mining in a research note on Tuesday, March 10th. They issued an “outperform” rating and a $40.00 target price on the stock. Roth Mkm reiterated a “buy” rating and issued a $25.00 target price on shares of Coeur Mining in a research note on Friday, May 8th. Finally, Canaccord Genuity Group upgraded Coeur Mining from a “hold” rating to a “buy” rating and set a $26.00 target price on the stock in a research note on Wednesday, April 29th.

Coeur Mining Price Performance

CDE opened at $17.62 on Tuesday. The business’s 50-day moving average is $18.75 and its two-hundred day moving average is $19.41. Coeur Mining has a 1 year low of $7.65 and a 1 year high of $27.77. The company has a debt-to-equity ratio of 0.07, a current ratio of 3.73 and a quick ratio of 2.14. The firm has a market capitalization of $18.22 billion, a PE ratio of 15.19 and a beta of 1.24.

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

Coeur Mining Announces Dividend

The firm also recently declared a dividend, which will be paid on Wednesday, June 10th. Shareholders of record on Friday, May 22nd will be issued a $0.02 dividend. This represents a yield of 23.0%. The ex-dividend date of this dividend is Friday, May 22nd.

Institutional Investors Weigh In On Coeur Mining

Institutional investors have recently added to or reduced their stakes in the business. Triumph Capital Management boosted its holdings in Coeur Mining by 300.0% in the fourth quarter. Triumph Capital Management now owns 1,600 shares of the basic materials company’s stock worth $29,000 after acquiring an additional 1,200 shares in the last quarter. EverSource Wealth Advisors LLC boosted its holdings in 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 worth $30,000 after acquiring an additional 1,435 shares in the last quarter. Kingdom Financial Group LLC. acquired a new stake in Coeur Mining in the fourth quarter worth about $32,000. Kemnay Advisory Services Inc. acquired a new stake in Coeur Mining in the fourth quarter worth about $33,000. Finally, Transamerica Financial Advisors LLC acquired a new stake in Coeur Mining in the fourth quarter worth about $34,000. Institutional investors and hedge funds 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.