Coeur Mining, Inc. (NYSE:CDE) Given Consensus Rating of "Moderate Buy" by Analysts

Key Points

• Analysts have given Coeur Mining a consensus rating of "Moderate Buy" from 14 firms (1 sell, 4 hold, 7 buy, 2 strong buy) with an average 12‑month price target of $24.67.
• Institutional investors have been accumulating shares—led by large increases from VanEck, State Street, MIRAE, Tidal and Geode—and hedge funds/institutions now own 63.01% of the company.
• In the latest quarter CDE reported EPS of $0.35, missing estimates of $0.43, while revenue surged 120.9% year‑over‑year; the stock has a market cap of about $12.1B and a P/E of 21.67.

Coeur Mining, Inc. (NYSE:CDE - Get Free Report) has received a consensus rating of "Moderate Buy" from the fourteen research firms that are presently covering the company, MarketBeat.com reports. One equities research analyst has rated the stock with a sell recommendation, four have assigned a hold recommendation, seven have given a buy recommendation and two have issued a strong buy recommendation on the company. The average 12 month price target among analysts that have covered the stock in the last year is $24.6667.

CDE has been the topic of a number of recent research reports. Canadian Imperial Bank of Commerce initiated coverage on shares of Coeur Mining in a report on Tuesday, March 10th. They issued an "outperform" rating and a $40.00 price objective on the stock. Roth Mkm reiterated a "buy" rating and set a $29.00 price target on shares of Coeur Mining in a report on Thursday, February 19th. Canaccord Genuity Group cut shares of Coeur Mining from a "buy" rating to a "hold" rating in a report on Friday, February 20th. BMO Capital Markets assumed coverage on shares of Coeur Mining in a report on Wednesday, March 25th. They set an "outperform" rating and a $27.00 price target on the stock. Finally, Weiss Ratings cut shares of Coeur Mining from a "buy (b-)" rating to a "hold (c+)" rating in a report on Friday, March 27th.

Institutional Investors Weigh In On Coeur Mining

A number of institutional investors have recently made changes to their positions in the company. Van ECK Associates Corp grew 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 valued at $1,238,201,000 after buying an additional 23,646,265 shares during the last quarter. State Street Corp grew its holdings in shares of Coeur Mining by 6.7% during the fourth quarter. State Street Corp now owns 24,250,702 shares of the basic materials company's stock valued at $432,390,000 after buying an additional 1,529,394 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in shares of Coeur Mining by 36.3% during the third 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 buying an additional 6,352,828 shares during the last quarter. Tidal Investments LLC grew its holdings in shares of 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 valued at $183,709,000 after buying an additional 7,382,955 shares during the last quarter. Finally, Geode Capital Management LLC grew its holdings in shares of Coeur Mining by 3.5% during the fourth quarter. Geode Capital Management LLC now owns 15,586,550 shares of the basic materials company's stock valued at $277,953,000 after buying an additional 524,646 shares during the last quarter. Hedge funds and other institutional investors own 63.01% of the company's stock.

Coeur Mining Price Performance

Shares of CDE opened at $18.86 on Friday. The stock has a market cap of $12.10 billion, a PE ratio of 21.67 and a beta of 1.33. The company has a debt-to-equity ratio of 0.10, a quick ratio of 1.66 and a current ratio of 2.47. Coeur Mining has a fifty-two week low of $5.21 and a fifty-two week high of $27.77. The firm's 50-day simple moving average is $20.95 and its two-hundred day simple moving average is $19.54.

Coeur Mining (NYSE:CDE - Get Free Report) last announced its quarterly earnings data 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 business had revenue of $674.85 million during the quarter, compared to analysts' expectations of $668.70 million. Coeur Mining had a return on equity of 18.75% and a net margin of 28.31%.Coeur Mining's revenue for the quarter was up 120.9% compared to the same quarter last year. During the same quarter last year, the company posted $0.11 EPS. Analysts anticipate that Coeur Mining will post 1.42 earnings per share for the current fiscal 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.

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