Coeur Mining, Inc. (NYSE:CDE) Receives $24.67 Average PT from Analysts

Shares of Coeur Mining, Inc. (NYSE:CDE) have been assigned an average rating of “Moderate Buy” from the fourteen analysts that are covering the company, Marketbeat reports. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating, seven have given a buy rating and two have given a strong buy rating to the company. The average 12 month target price among brokers that have covered the stock in the last year is $24.6667.

Several research firms recently issued reports on CDE. Roth Mkm reaffirmed a “buy” rating and issued a $29.00 price target on shares of Coeur Mining in a report on Thursday, February 19th. ATB Cormark Capital Markets raised shares of Coeur Mining from a “hold” rating to a “moderate buy” rating in a report on Tuesday, March 24th. Canaccord Genuity Group lowered shares of Coeur Mining from a “buy” rating to a “hold” rating in a research note on Friday, February 20th. Royal Bank Of Canada increased their price target on shares of Coeur Mining from $22.00 to $26.00 and gave the stock an “outperform” rating in a research report on Thursday, February 12th. Finally, BMO Capital Markets initiated coverage on Coeur Mining in a research note on Wednesday, March 25th. They issued an “outperform” rating and a $27.00 price target for the company.

Institutional Investors Weigh In On Coeur Mining

Institutional investors have recently made changes to their positions in the company. Triumph Capital Management raised its position in shares of Coeur Mining by 300.0% during the 4th quarter. Triumph Capital Management now owns 1,600 shares of the basic materials company’s stock valued at $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 purchasing an additional 1,435 shares during the period. Kingdom Financial Group LLC. bought a new stake in Coeur Mining during the fourth quarter valued at $32,000. Kemnay Advisory Services Inc. bought a new stake in Coeur Mining during the fourth quarter valued at $33,000. Finally, Transamerica Financial Advisors LLC acquired a new stake in shares of Coeur Mining during the fourth quarter worth $34,000. 63.01% of the stock is currently owned by institutional investors.

Coeur Mining Price Performance

Shares of NYSE CDE opened at $19.05 on Monday. The company has a quick ratio of 1.66, a current ratio of 2.47 and a debt-to-equity ratio of 0.10. Coeur Mining has a fifty-two week low of $4.58 and a fifty-two week high of $27.77. The business has a 50 day moving average price of $21.75 and a two-hundred day moving average price of $19.37. The firm has a market cap of $12.23 billion, a PE ratio of 21.90 and a beta of 1.33.

Coeur Mining (NYSE:CDE) last announced its earnings results on Wednesday, February 18th. The basic materials company reported $0.35 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.43 by ($0.08). Coeur Mining had a net margin of 28.31% and a return on equity of 18.75%. The business had revenue of $674.85 million during the quarter, compared to analyst estimates of $668.70 million. During the same period in the previous year, the company earned $0.11 earnings per share. The business’s revenue for the quarter was up 120.9% on a year-over-year basis. Sell-side analysts expect that Coeur Mining will post 0.58 earnings per share for the current fiscal year.

About Coeur Mining

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.