Coeur Mining, Inc (NYSE:CDE) has garnered an average recommendation of “Moderate Buy” rating from the seven research firms currently covering the company, according to Marketbeat.com. Out of these analysts, five have assigned a buy recommendation, while two recommend holding the stock. The average 12-month price objective among analysts who have covered the stock over the past year stands at $3.79.
Recent analyst reports have shed light on Coeur Mining’s performance and future prospects. Raymond James, for instance, lowered their price target on Coeur Mining from $4.00 to $3.75 while maintaining a “market perform” rating. National Bank Financial reaffirmed an “outperform spec market weight” rating on Coeur Mining’s shares.
Institutional investors have demonstrated interest in Coeur Mining by acquiring stakes in the company. Notable transactions include Atria Wealth Solutions Inc. purchasing a new stake in Coeur Mining during the fourth quarter and Alberta Investment Management Corp acquiring a stake during the second quarter.
At the time of reporting, Coeur Mining (CDE) is trading at $4.88 per share, with a notable increase of $0.53999996 or 12.442395%. The company exhibits a current ratio of 0.92 and a quick ratio of 0.38, indicating its liquidity position. Coeur Mining boasts a market capitalization of $1.68 billion and a P/E ratio of -14.00, with a beta of 1.82.
Coeur Mining last posted its quarterly earnings results on Wednesday, February 21st, reporting ($0.02) EPS for the quarter. Despite this, the company generated $262.10 million in revenue. Coeur Mining experienced a negative net margin of 12.62% and a negative return on equity of 7.79%. Analysts anticipate Coeur Mining to post -0.05 earnings per share for the current fiscal year.
With a “Moderate Buy” rating and optimistic outlook from analysts, Coeur Mining demonstrates resilience and potential for growth in the mining sector.. With ongoing institutional interest and positive analyst recommendations, the company remains poised to navigate market challenges and capitalize on opportunities within the mining industry.
