Coeur Mining, Inc. (NYSE:CDE) Receives $16.75 Average Price Target from Analysts

Shares of Coeur Mining, Inc. (NYSE:CDE) have been given an average rating of “Buy” by the eleven analysts that are presently covering the stock, MarketBeat Ratings reports. Two research analysts have rated the stock with a hold rating, six have given a buy rating and three have issued a strong buy rating on the company. The average 12 month target price among brokers that have issued a report on the stock in the last year is $16.75.

CDE has been the subject of several recent research reports. TD Securities upped their price target on shares of Coeur Mining from $23.00 to $25.00 and gave the stock a “buy” rating in a research report on Tuesday, November 11th. Cormark lowered shares of Coeur Mining from a “moderate buy” rating to a “hold” rating in a research note on Wednesday, October 29th. Cantor Fitzgerald cut shares of Coeur Mining from an “overweight” rating to a “hold” rating and set a $16.00 target price for the company. in a research report on Thursday, October 30th. Roth Capital raised their price target on shares of Coeur Mining from $20.00 to $23.00 and gave the company a “buy” rating in a research note on Monday, December 15th. Finally, Wall Street Zen raised Coeur Mining from a “hold” rating to a “buy” rating in a report on Sunday, December 21st.

Hedge Funds Weigh In On Coeur Mining

Institutional investors have recently bought and sold shares of the stock. Van ECK Associates Corp lifted its holdings in shares of Coeur Mining by 55.8% during the third quarter. Van ECK Associates Corp now owns 66,002,193 shares of the basic materials company’s stock worth $1,238,201,000 after buying an additional 23,646,265 shares during the last quarter. Tidal Investments LLC increased its position in Coeur Mining by 55.3% during the second quarter. Tidal Investments LLC now owns 20,734,671 shares of the basic materials company’s stock worth $183,709,000 after acquiring an additional 7,382,955 shares during the period. Arrowstreet Capital Limited Partnership raised its stake in Coeur Mining by 212.0% during the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 10,321,169 shares of the basic materials company’s stock valued at $91,446,000 after purchasing an additional 7,013,222 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in Coeur Mining by 36.3% during the 3rd quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 23,857,511 shares of the basic materials company’s stock valued at $447,567,000 after purchasing an additional 6,352,828 shares during the last quarter. Finally, American Century Companies Inc. boosted its holdings in Coeur Mining by 136.1% in the 2nd quarter. American Century Companies Inc. now owns 2,759,607 shares of the basic materials company’s stock valued at $24,450,000 after purchasing an additional 1,591,008 shares during the period. Hedge funds and other institutional investors own 63.01% of the company’s stock.

Coeur Mining Trading Up 6.3%

NYSE:CDE opened at $22.55 on Wednesday. Coeur Mining has a 52-week low of $4.58 and a 52-week high of $23.61. The company has a market capitalization of $14.48 billion, a PE ratio of 34.17 and a beta of 1.24. The stock’s 50 day moving average price is $17.30 and its 200 day moving average price is $15.23. The company has a quick ratio of 1.10, a current ratio of 2.00 and a debt-to-equity ratio of 0.11.

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