Coeur Mining, Inc. (NYSE:CDE) Receives $20.88 Average Price Target from Brokerages

Shares of Coeur Mining, Inc. (NYSE:CDE) have been assigned an average rating of “Moderate Buy” from the thirteen analysts that are covering the company, Marketbeat reports. Five equities research analysts have rated the stock with a hold rating, six have assigned a buy rating and two have given a strong buy rating to the company. The average twelve-month target price among brokers that have issued a report on the stock in the last year is $23.00.

A number of brokerages have commented on CDE. TD Cowen raised Coeur Mining to a “strong-buy” rating in a research note on Monday, December 1st. Royal Bank Of Canada increased their price objective on Coeur Mining from $22.00 to $26.00 and gave the company an “outperform” rating in a research note on Thursday, February 12th. Roth Mkm reaffirmed a “buy” rating and issued a $29.00 target price on shares of Coeur Mining in a research note on Thursday, February 19th. Canaccord Genuity Group lowered shares of Coeur Mining from a “buy” rating to a “hold” rating in a report on Friday, February 20th. Finally, Canadian Imperial Bank of Commerce assumed coverage on shares of Coeur Mining in a research report on Tuesday. They set an “outperform” rating and a $40.00 price target for the company.

Coeur Mining Stock Down 4.2%

Shares of NYSE:CDE opened at $22.36 on Thursday. The stock’s 50-day moving average price is $22.58 and its 200-day moving average price is $18.84. Coeur Mining has a 12-month low of $4.58 and a 12-month high of $27.77. The stock has a market capitalization of $14.36 billion, a P/E ratio of 25.70 and a beta of 1.16. The company has a current ratio of 2.47, a quick ratio of 1.66 and a debt-to-equity ratio of 0.10.

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

Institutional Trading of Coeur Mining

Institutional investors have recently modified their holdings of the company. JPMorgan Chase & Co. increased its stake in shares of Coeur Mining by 84.0% during the second quarter. JPMorgan Chase & Co. now owns 2,881,784 shares of the basic materials company’s stock valued at $25,533,000 after buying an additional 1,315,348 shares during the period. Voya Investment Management LLC raised its holdings in shares of Coeur Mining by 246.5% during the third quarter. Voya Investment Management LLC now owns 608,227 shares of the basic materials company’s stock valued at $11,410,000 after acquiring an additional 432,683 shares in the last quarter. Moody Aldrich Partners LLC purchased a new stake in Coeur Mining in the third quarter worth $5,768,000. Precision Wealth Strategies LLC purchased a new stake in Coeur Mining in the third quarter worth $1,169,000. Finally, Allspring Global Investments Holdings LLC boosted its holdings in Coeur Mining by 29.5% in the third quarter. Allspring Global Investments Holdings LLC now owns 2,368,071 shares of the basic materials company’s stock valued at $44,709,000 after acquiring an additional 539,615 shares in the last quarter. 63.01% of the stock is currently owned by hedge funds and other institutional investors.

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.