Coeur Mining (NYSE:CDE) Upgraded at Cormark

Coeur Mining (NYSE:CDE) was upgraded by equities researchers at Cormark to a “moderate buy” rating in a report issued on Thursday,Zacks.com reports.

A number of other equities analysts have also recently commented on the stock. StockNews.com upgraded shares of Coeur Mining from a “sell” rating to a “hold” rating in a research report on Friday, November 8th. BMO Capital Markets assumed coverage on Coeur Mining in a report on Tuesday. They issued an “outperform” rating and a $9.00 price objective on the stock. Roth Mkm restated a “buy” rating and set a $8.50 target price (down from $9.00) on shares of Coeur Mining in a report on Friday, November 8th. Finally, Cantor Fitzgerald raised Coeur Mining from a “hold” rating to a “strong-buy” rating in a research note on Thursday, November 7th. Two investment analysts have rated the stock with a hold rating, four have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, Coeur Mining has a consensus rating of “Moderate Buy” and an average price target of $8.06.

Coeur Mining Price Performance

CDE opened at $6.11 on Thursday. The stock has a market capitalization of $2.44 billion, a P/E ratio of 50.88 and a beta of 1.59. The company has a current ratio of 1.09, a quick ratio of 0.39 and a debt-to-equity ratio of 0.53. Coeur Mining has a 12-month low of $2.42 and a 12-month high of $7.72. The stock has a 50-day moving average price of $6.33 and a 200-day moving average price of $6.39.

Coeur Mining (NYSE:CDE) last issued its earnings results on Wednesday, February 19th. The basic materials company reported $0.11 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.11. The business had revenue of $305.40 million during the quarter, compared to analyst estimates of $314.32 million. Coeur Mining had a return on equity of 6.71% and a net margin of 5.59%. Equities analysts predict that Coeur Mining will post 0.58 earnings per share for the current fiscal year.

Institutional Trading of Coeur Mining

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Jennison Associates LLC purchased a new position in Coeur Mining during the 3rd quarter valued at $579,000. JPMorgan Chase & Co. increased its position in shares of Coeur Mining by 88.3% during the third quarter. JPMorgan Chase & Co. now owns 1,418,716 shares of the basic materials company’s stock valued at $9,761,000 after buying an additional 665,452 shares during the period. XTX Topco Ltd purchased a new position in shares of Coeur Mining during the third quarter valued at about $1,311,000. Van ECK Associates Corp raised its stake in Coeur Mining by 1.1% in the third quarter. Van ECK Associates Corp now owns 34,469,783 shares of the basic materials company’s stock worth $251,629,000 after buying an additional 365,115 shares in the last quarter. Finally, BNP Paribas Financial Markets lifted its holdings in Coeur Mining by 180.7% in the third quarter. BNP Paribas Financial Markets now owns 310,577 shares of the basic materials company’s stock worth $2,137,000 after buying an additional 199,919 shares during the period. Hedge funds and other institutional investors own 63.01% of the company’s stock.

Coeur Mining Company Profile

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.