Shares of Coeur Mining, Inc. (NYSE:CDE - Get Free Report) have been given an average rating of "Moderate Buy" by the five brokerages that are presently covering the firm, MarketBeat.com reports. Two analysts have rated the stock with a hold recommendation and three have given a buy recommendation to the company. The average 1-year price objective among analysts that have covered the stock in the last year is $7.83.
CDE has been the subject of a number of research analyst reports. Raymond James boosted their price target on Coeur Mining from $6.25 to $7.00 and gave the stock a "market perform" rating in a report on Friday, September 20th. BMO Capital Markets increased their target price on shares of Coeur Mining from $7.50 to $8.00 and gave the stock an "outperform" rating in a report on Monday. Roth Mkm lifted their price target on shares of Coeur Mining from $8.00 to $8.50 and gave the company a "buy" rating in a report on Wednesday. Finally, Cantor Fitzgerald downgraded shares of Coeur Mining from an "overweight" rating to a "neutral" rating in a research note on Thursday, August 8th.
Get Our Latest Stock Analysis on Coeur Mining
Large investors have recently bought and sold shares of the business. Van ECK Associates Corp grew its position in shares of 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 buying an additional 2,345,791 shares during the period. Vanguard Group Inc. boosted its stake in Coeur Mining by 12.5% during the fourth quarter. Vanguard Group Inc. now owns 35,854,316 shares of the basic materials company's stock worth $116,885,000 after acquiring an additional 3,989,352 shares in the last quarter. Dimensional Fund Advisors LP grew its holdings in Coeur Mining by 0.5% in the fourth quarter. Dimensional Fund Advisors LP now owns 16,087,106 shares of the basic materials company's stock worth $52,445,000 after purchasing an additional 84,920 shares during the period. Tidal Investments LLC bought a new stake in Coeur Mining in the first quarter valued at $41,587,000. Finally, American Century Companies Inc. boosted its position in shares of Coeur Mining by 248.1% during the 2nd quarter. American Century Companies Inc. now owns 6,463,587 shares of the basic materials company's stock worth $36,325,000 after purchasing an additional 4,606,711 shares in the last quarter. 63.01% of the stock is currently owned by institutional investors and hedge funds.
Shares of CDE stock opened at $7.43 on Thursday. Coeur Mining has a 52 week low of $2.00 and a 52 week high of $7.72. The company has a market capitalization of $2.97 billion, a price-to-earnings ratio of -23.97 and a beta of 1.64. The company has a 50-day simple moving average of $6.16 and a 200 day simple moving average of $5.43. The company has a debt-to-equity ratio of 0.59, a quick ratio of 0.45 and a current ratio of 1.20.
Coeur Mining (NYSE:CDE - Get Free Report) last posted its quarterly earnings results on Wednesday, August 7th. The basic materials company reported ($0.01) EPS for the quarter, beating analysts' consensus estimates of ($0.02) by $0.01. Coeur Mining had a negative return on equity of 4.59% and a negative net margin of 8.33%. The business had revenue of $222.03 million during the quarter, compared to the consensus estimate of $242.18 million. During the same quarter in the previous year, the firm earned ($0.06) earnings per share. Coeur Mining's revenue for the quarter was up 25.3% compared to the same quarter last year. On average, sell-side analysts predict that Coeur Mining will post 0.08 earnings per share for the current year.
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.
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to [email protected].
Before you consider Coeur Mining, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Coeur Mining wasn't on the list.
While Coeur Mining currently has a "Moderate Buy" rating among analysts, top-rated analysts believe these five stocks are better buys.