Coeur Mining, Inc. (NYSE:CDE) Receives $3.79 Consensus PT from Brokerages

Shares of Coeur Mining, Inc. (NYSE:CDE - Get Free Report) have earned an average recommendation of "Moderate Buy" from the seven research firms that are currently covering the company, Marketbeat.com reports. Two analysts have rated the stock with a hold recommendation and five have assigned a buy recommendation to the company. The average 12 month price objective among brokers that have covered the stock in the last year is $3.79.

CDE has been the subject of several recent analyst reports. Raymond James lowered their price target on Coeur Mining from $4.00 to $3.75 and set a "market perform" rating for the company in a report on Thursday, February 22nd. National Bank Financial reaffirmed an "outperform spec market weight" rating on shares of Coeur Mining in a research note on Wednesday, January 3rd.

Institutional Investors Weigh In On Coeur Mining

Hedge funds and other institutional investors have recently bought and sold shares of the business. Atria Wealth Solutions Inc. purchased a new stake in Coeur Mining during the 4th quarter worth approximately $33,000. Alberta Investment Management Corp bought a new stake in shares of Coeur Mining in the 2nd quarter valued at approximately $29,000. US Bancorp DE increased its holdings in shares of Coeur Mining by 1,742.5% in the 4th quarter. US Bancorp DE now owns 10,355 shares of the basic materials company's stock valued at $34,000 after acquiring an additional 9,793 shares during the last quarter. Virtu Financial LLC bought a new stake in shares of Coeur Mining in the 4th quarter valued at approximately $34,000. Finally, First Trust Advisors LP bought a new stake in shares of Coeur Mining in the 4th quarter valued at approximately $35,000. 63.01% of the stock is currently owned by hedge funds and other institutional investors.

Coeur Mining Trading Down 6.1 %

CDE traded down $0.28 during midday trading on Thursday, hitting $4.34. The company's stock had a trading volume of 10,185,904 shares, compared to its average volume of 6,841,412. The company has a current ratio of 0.92, a quick ratio of 0.38 and a debt-to-equity ratio of 0.51. The firm has a market cap of $1.68 billion, a P/E ratio of -14.00 and a beta of 1.82. The firm has a 50-day moving average price of $3.02 and a two-hundred day moving average price of $2.81. Coeur Mining has a 52-week low of $2.00 and a 52-week high of $4.64.

Coeur Mining (NYSE:CDE - Get Free Report) last posted its quarterly earnings results on Wednesday, February 21st. The basic materials company reported ($0.02) EPS for the quarter. The business had revenue of $262.10 million during the quarter. Coeur Mining had a negative net margin of 12.62% and a negative return on equity of 7.79%. On average, research analysts anticipate that Coeur Mining will post -0.05 earnings per share for the current year.

About Coeur Mining

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.