Brokerages Set Coeur Mining Inc (NYSE:CDE) Price Target at $5.97

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Shares of Coeur Mining Inc (NYSE:CDE) have received an average rating of “Hold” from the eight ratings firms that are presently covering the company, MarketBeat Ratings reports. One research analyst has rated the stock with a sell recommendation, five have given a hold recommendation and two have issued a buy recommendation on the company. The average 12 month price target among analysts that have issued ratings on the stock in the last year is $5.97.

A number of brokerages recently issued reports on CDE. B. Riley increased their target price on shares of Coeur Mining from $7.50 to $7.80 and gave the stock a “buy” rating in a research report on Tuesday, September 24th. ValuEngine cut shares of Coeur Mining from a “sell” rating to a “strong sell” rating in a research report on Friday, November 8th. Zacks Investment Research cut shares of Coeur Mining from a “buy” rating to a “hold” rating in a research report on Tuesday, October 15th. Finally, Raymond James set a $6.25 target price on shares of Coeur Mining and gave the stock a “market perform” rating in a research report on Wednesday, November 6th.

In other Coeur Mining news, SVP Casey M. Nault sold 20,000 shares of the stock in a transaction dated Tuesday, December 3rd. The shares were sold at an average price of $7.00, for a total transaction of $140,000.00. The sale was disclosed in a document filed with the SEC, which is accessible through this link. 1.88% of the stock is owned by corporate insiders.

A number of large investors have recently modified their holdings of CDE. ETF Managers Group LLC boosted its stake in shares of Coeur Mining by 36.5% in the 2nd quarter. ETF Managers Group LLC now owns 682,713 shares of the basic materials company’s stock valued at $2,888,000 after purchasing an additional 182,606 shares during the last quarter. BlackRock Inc. boosted its stake in shares of Coeur Mining by 15.3% in the 2nd quarter. BlackRock Inc. now owns 16,253,121 shares of the basic materials company’s stock valued at $70,537,000 after purchasing an additional 2,153,374 shares during the last quarter. Millennium Management LLC boosted its stake in Coeur Mining by 260.4% during the 3rd quarter. Millennium Management LLC now owns 1,987,370 shares of the basic materials company’s stock worth $9,559,000 after acquiring an additional 1,435,869 shares during the last quarter. Swiss National Bank boosted its stake in Coeur Mining by 2.1% during the 2nd quarter. Swiss National Bank now owns 378,300 shares of the basic materials company’s stock worth $1,642,000 after acquiring an additional 7,900 shares during the last quarter. Finally, First Trust Advisors LP boosted its stake in Coeur Mining by 38.6% during the 2nd quarter. First Trust Advisors LP now owns 236,103 shares of the basic materials company’s stock worth $1,025,000 after acquiring an additional 65,788 shares during the last quarter. 64.05% of the stock is currently owned by hedge funds and other institutional investors.

Shares of CDE stock traded up $0.38 during mid-day trading on Tuesday, reaching $7.34. The company’s stock had a trading volume of 190,983 shares, compared to its average volume of 4,510,425. Coeur Mining has a 1-year low of $2.78 and a 1-year high of $7.38. The company has a market cap of $1.67 billion, a P/E ratio of -734.50 and a beta of 0.84. The company has a debt-to-equity ratio of 0.30, a quick ratio of 0.54 and a current ratio of 1.15. The firm’s 50-day moving average is $6.23 and its two-hundred day moving average is $4.99.

Coeur Mining (NYSE:CDE) last announced its quarterly earnings data on Monday, November 4th. The basic materials company reported ($0.02) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.03) by $0.01. The company had revenue of $199.47 million during the quarter, compared to analysts’ expectations of $199.41 million. Coeur Mining had a negative net margin of 10.57% and a negative return on equity of 4.07%. The business’s revenue was up 34.1% on a year-over-year basis. During the same quarter in the prior year, the company posted ($0.11) EPS. Sell-side analysts anticipate that Coeur Mining will post -0.22 EPS for the current year.

About Coeur Mining

Coeur Mining, Inc explores for, develops, and produces gold, silver, zinc, and lead properties. It holds interests in the Palmarejo gold and silver complex located in Mexico; the Rochester silver and gold mine situated in Nevada; the Kensington gold mine located in Alaska; the Wharf gold mine situated in South Dakota; and the Silvertip silver-zinc-lead mine located in Canada.

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Analyst Recommendations for Coeur Mining (NYSE:CDE)

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