Coeur Mining, Inc. (NYSE:CDE) Receives Consensus Rating of “Hold” from Brokerages


Coeur Mining, Inc. (NYSE:CDE – Get Rating) has been given a consensus recommendation of “Hold” by the seven ratings firms that are presently covering the company, MarketBeat Ratings reports. One analyst has rated the stock with a sell recommendation and five have given a hold recommendation to the company. The average twelve-month price objective among brokerages that have updated their coverage on the stock in the last year is $4.19.

A number of research firms have recently commented on CDE. BMO Capital Markets cut their price target on Coeur Mining from $4.75 to $3.75 and set a “market perform” rating for the company in a report on Thursday, August 4th. Canaccord Genuity Group lowered Coeur Mining from a “buy” rating to a “hold” rating and cut their price target for the stock from $3.75 to $3.50 in a report on Friday, August 5th. Raymond James set a $6.00 price target on Coeur Mining and gave the stock a “market perform” rating in a report on Friday, May 6th. Noble Financial downgraded Coeur Mining from an “outperform” rating to a “market perform” rating in a research report on Monday, August 8th. Finally, Canaccord Genuity Group downgraded Coeur Mining from a “buy” rating to a “hold” rating and lowered their price objective for the stock from $3.75 to $3.50 in a research report on Friday, August 5th.

Coeur Mining Price Performance

Shares of NYSE CDE opened at $3.33 on Friday. Coeur Mining has a 1-year low of $2.54 and a 1-year high of $7.64. The stock has a fifty day simple moving average of $3.20 and a two-hundred day simple moving average of $3.98. The company has a current ratio of 1.57, a quick ratio of 0.95 and a debt-to-equity ratio of 0.61. The firm has a market cap of $935.08 million, a price-to-earnings ratio of -6.66 and a beta of 1.76.

Institutional Investors Weigh In On Coeur Mining

Ad Weiss Ratings

The Day of Financial Reckoning Is Near

The cycles that accurately warned of the Great Depression and every major investment event since … are now warning that the most severe geopolitical earthquake of this century has just begun. This crisis is so urgent that Weiss Ratings cycles expert Sean Brodrick and I held an emergency summit to prepare investors for the fallout.

A number of large investors have recently added to or reduced their stakes in CDE. Handelsbanken Fonder AB increased its holdings in shares of Coeur Mining by 4.9% in the fourth quarter. Handelsbanken Fonder AB now owns 53,529 shares of the basic materials company’s stock worth $270,000 after buying an additional 2,500 shares during the period. Strs Ohio increased its holdings in shares of Coeur Mining by 2.7% in the first quarter. Strs Ohio now owns 101,500 shares of the basic materials company’s stock worth $451,000 after buying an additional 2,700 shares during the period. Sprott Inc. increased its holdings in shares of Coeur Mining by 0.3% in the first quarter. Sprott Inc. now owns 951,656 shares of the basic materials company’s stock worth $4,235,000 after buying an additional 2,999 shares during the period. Raymond James & Associates increased its holdings in shares of Coeur Mining by 6.4% in the first quarter. Raymond James & Associates now owns 50,555 shares of the basic materials company’s stock worth $225,000 after buying an additional 3,050 shares during the period. Finally, Deep Advisors LLC increased its holdings in shares of Coeur Mining by 11.2% in the first quarter. Deep Advisors LLC now owns 30,902 shares of the basic materials company’s stock worth $138,000 after buying an additional 3,102 shares during the period. Hedge funds and other institutional investors own 58.12% of the company’s stock.

About Coeur Mining

(Get Rating)

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 holds 100% interests in the Palmarejo gold and silver mine covering an area of ​​approximately 67,296 net acres located in the State of Chihuahua in Northern Mexico; the Rochester silver and gold mine that covers an area of ​​approximately 43,441net acres situated in northwestern Nevada; the Kensington gold mine comprising 3,972 net acres located to the north of Juneau, Alaska; the Wharf gold mine covering an area of ​​approximately 3,243 net acres situated in the northern Black Hills of western South Dakota; and the Silvertip silver-zinc-lead mine comprising 97,298 net acres located in northern British Columbia, Canada.

Recommended Stories

Analyst Recommendations for Coeur Mining (NYSE:CDE)

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 contact@marketbeat.com.

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 “Hold” rating among analysts, top-rated analysts believe these five stocks are better buys.

View The Five Stocks Here

.

Leave a Comment

Your email address will not be published.