Raymond James Financial, Inc. upgraded shares of Coeur Mining, Inc. (NYSE:CDE) from a market perform rating to an outperform rating in a report published on Tuesday morning, MarketBeat.com reports. Raymond James Financial, Inc. currently has $10.50 price objective on the basic materials company’s stock, up from their previous price objective of $10.25.

A number of other equities analysts have also recently issued reports on the stock. Royal Bank Of Canada reissued a buy rating and issued a $13.00 target price on shares of Coeur Mining in a report on Thursday, August 24th. Zacks Investment Research cut shares of Coeur Mining from a hold rating to a sell rating in a report on Thursday, August 10th. BMO Capital Markets initiated coverage on shares of Coeur Mining in a report on Friday, November 17th. They issued an outperform rating and a $10.50 target price on the stock. ValuEngine cut shares of Coeur Mining from a hold rating to a sell rating in a report on Friday, September 1st. Finally, BidaskClub raised shares of Coeur Mining from a strong sell rating to a sell rating in a report on Thursday, August 24th. Three investment analysts have rated the stock with a sell rating, three have issued a hold rating and six have issued a buy rating to the company’s stock. Coeur Mining currently has an average rating of Hold and a consensus target price of $10.55.

Coeur Mining (NYSE:CDE) opened at $7.67 on Tuesday. The company has a debt-to-equity ratio of 0.36, a quick ratio of 2.51 and a current ratio of 3.68. Coeur Mining has a 12-month low of $6.98 and a 12-month high of $12.30.

Coeur Mining (NYSE:CDE) last issued its quarterly earnings results on Wednesday, October 25th. The basic materials company reported ($0.10) EPS for the quarter, missing the consensus estimate of $0.07 by ($0.17). Coeur Mining had a negative return on equity of 1.37% and a negative net margin of 2.41%. The company had revenue of $176.00 million for the quarter, compared to the consensus estimate of $185.09 million. During the same period in the previous year, the business posted $0.23 EPS. The business’s revenue for the quarter was up 1.5% on a year-over-year basis. analysts expect that Coeur Mining will post -0.05 earnings per share for the current year.

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In related news, VP Mark Spurbeck sold 9,500 shares of the firm’s stock in a transaction that occurred on Friday, September 15th. The shares were sold at an average price of $9.25, for a total transaction of $87,875.00. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, CFO Peter C. Mitchell sold 10,000 shares of the firm’s stock in a transaction that occurred on Monday, October 30th. The shares were sold at an average price of $7.67, for a total transaction of $76,700.00. The disclosure for this sale can be found here. Insiders have sold 83,610 shares of company stock worth $708,955 in the last quarter. Company insiders own 1.30% of the company’s stock.

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Aperio Group LLC increased its stake in shares of Coeur Mining by 5.9% during the second quarter. Aperio Group LLC now owns 44,435 shares of the basic materials company’s stock valued at $381,000 after acquiring an additional 2,482 shares during the period. Van ECK Associates Corp increased its stake in shares of Coeur Mining by 46.8% during the second quarter. Van ECK Associates Corp now owns 18,611,685 shares of the basic materials company’s stock valued at $159,688,000 after acquiring an additional 5,933,383 shares during the period. Marshall Wace North America L.P. acquired a new position in shares of Coeur Mining during the second quarter valued at approximately $689,000. BlackRock Inc. increased its stake in shares of Coeur Mining by 56,698.4% during the first quarter. BlackRock Inc. now owns 11,538,591 shares of the basic materials company’s stock valued at $93,231,000 after acquiring an additional 11,518,276 shares during the period. Finally, Investec Asset Management LTD acquired a new position in Coeur Mining in the second quarter worth approximately $28,801,000. Institutional investors and hedge funds own 69.18% of the company’s stock.

Coeur Mining Company Profile

Coeur Mining, Inc is a gold and silver producer. The Company has its mines located in the United States, Mexico, and Bolivia and exploration projects in Mexico and Argentina. Its segments include Palmarejo, Rochester, Kensington, Wharf, San Bartolome mines, Coeur Capital and Other. The Palmarejo complex is located in the state of Chihuahua, Mexico.

Analyst Recommendations for Coeur Mining (NYSE:CDE)

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