Brokerages Set Coeur Mining, Inc. (NYSE:CDE) Target Price at $8.31

Shares of Coeur Mining, Inc. (NYSE:CDEGet Free Report) have been assigned a consensus recommendation of “Buy” from the six ratings firms that are presently covering the stock, Marketbeat Ratings reports. Five analysts have rated the stock with a buy recommendation and one has given a strong buy recommendation to the company. The average twelve-month price objective among brokers that have issued ratings on the stock in the last year is $8.31.

A number of research firms have recently issued reports on CDE. BMO Capital Markets started coverage on shares of Coeur Mining in a research report on Tuesday, February 18th. They issued an “outperform” rating and a $9.00 price target for the company. Raymond James upgraded Coeur Mining from a “market perform” rating to an “outperform” rating and cut their price objective for the stock from $8.75 to $8.25 in a report on Friday, February 21st. Roth Mkm cut their price target on Coeur Mining from $8.50 to $8.25 and set a “buy” rating for the company in a research note on Friday, February 21st. StockNews.com raised Coeur Mining from a “sell” rating to a “hold” rating in a research note on Friday, November 8th. Finally, Cormark raised shares of Coeur Mining to a “moderate buy” rating in a research report on Thursday, February 20th.

Get Our Latest Stock Analysis on CDE

Institutional Investors Weigh In On Coeur Mining

Several institutional investors and hedge funds have recently added to or reduced their stakes in CDE. Forum Financial Management LP boosted its holdings in shares of Coeur Mining by 58.2% during the 4th quarter. Forum Financial Management LP now owns 18,699 shares of the basic materials company’s stock worth $107,000 after buying an additional 6,879 shares during the period. Public Employees Retirement System of Ohio lifted its position in Coeur Mining by 3,685.4% during the 4th quarter. Public Employees Retirement System of Ohio now owns 181,131 shares of the basic materials company’s stock worth $1,036,000 after acquiring an additional 176,346 shares during the last quarter. Vise Technologies Inc. acquired a new stake in shares of Coeur Mining in the fourth quarter valued at about $66,000. PharVision Advisers LLC bought a new position in shares of Coeur Mining in the fourth quarter worth about $161,000. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in shares of Coeur Mining by 28.0% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,092,106 shares of the basic materials company’s stock worth $6,247,000 after purchasing an additional 238,688 shares during the last quarter. 63.01% of the stock is currently owned by institutional investors and hedge funds.

Coeur Mining Trading Down 4.5 %

NYSE CDE opened at $5.03 on Friday. The firm’s 50 day moving average price is $6.24 and its two-hundred day moving average price is $6.39. The stock has a market cap of $2.01 billion, a price-to-earnings ratio of 41.88 and a beta of 1.59. Coeur Mining has a twelve month low of $2.42 and a twelve month high of $7.72. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.39 and a current ratio of 0.83.

Coeur Mining (NYSE:CDEGet Free Report) last posted its quarterly earnings results on Wednesday, February 19th. The basic materials company reported $0.11 earnings per share for the quarter, meeting the consensus estimate of $0.11. The firm had revenue of $305.40 million for the quarter, compared to analyst estimates of $314.32 million. Coeur Mining had a return on equity of 6.59% and a net margin of 5.59%. Equities analysts anticipate that Coeur Mining will post 0.58 EPS for the current year.

Coeur Mining Company Profile

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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.

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Analyst Recommendations for Coeur Mining (NYSE:CDE)

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