Coeur Mining (NYSE:CDE) Upgraded to Buy at Wall Street Zen

Wall Street Zen upgraded shares of Coeur Mining (NYSE:CDE) from a hold rating to a buy rating in a research report released on Sunday.

Several other equities analysts also recently weighed in on CDE. Raymond James Financial set a $21.00 target price on Coeur Mining in a research report on Thursday, October 30th. Cantor Fitzgerald lowered shares of Coeur Mining from an “overweight” rating to a “hold” rating and set a $16.00 price objective for the company. in a research note on Thursday, October 30th. Zacks Research downgraded shares of Coeur Mining from a “strong-buy” rating to a “hold” rating in a research note on Monday, November 24th. Roth Capital raised their target price on shares of Coeur Mining from $20.00 to $23.00 and gave the stock a “buy” rating in a report on Monday, December 15th. Finally, TD Securities upped their price target on shares of Coeur Mining from $23.00 to $25.00 and gave the company a “buy” rating in a report on Tuesday, November 11th. Two research analysts have rated the stock with a Strong Buy rating, six have issued a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $16.75.

Coeur Mining Stock Up 6.6%

Shares of NYSE CDE opened at $18.25 on Friday. The company has a current ratio of 2.00, a quick ratio of 1.10 and a debt-to-equity ratio of 0.11. Coeur Mining has a 12-month low of $4.58 and a 12-month high of $23.61. The firm’s 50-day moving average price is $16.87 and its 200-day moving average price is $13.86. The stock has a market capitalization of $11.72 billion, a price-to-earnings ratio of 27.65 and a beta of 1.33.

Coeur Mining (NYSE:CDE) last issued its quarterly earnings data on Wednesday, October 29th. The basic materials company reported $0.23 earnings per share for the quarter, missing the consensus estimate of $0.25 by ($0.02). Coeur Mining had a return on equity of 15.52% and a net margin of 24.03%.The company had revenue of $554.57 million for the quarter, compared to the consensus estimate of $511.20 million. During the same period in the previous year, the firm earned $0.12 earnings per share. The company’s revenue was up 76.9% compared to the same quarter last year. On average, equities research analysts anticipate that Coeur Mining will post 0.58 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in CDE. IFP Advisors Inc boosted its position in Coeur Mining by 2,023.7% in the 3rd quarter. IFP Advisors Inc now owns 4,396 shares of the basic materials company’s stock valued at $84,000 after buying an additional 4,189 shares during the period. Swiss Life Asset Management Ltd increased its position in shares of Coeur Mining by 80.8% during the third quarter. Swiss Life Asset Management Ltd now owns 29,474 shares of the basic materials company’s stock worth $553,000 after acquiring an additional 13,175 shares during the period. CIBC Bancorp USA Inc. bought a new stake in shares of Coeur Mining during the third quarter valued at approximately $1,281,000. Coldstream Capital Management Inc. purchased a new stake in shares of Coeur Mining in the third quarter valued at approximately $1,358,000. Finally, Danske Bank A S bought a new position in Coeur Mining in the third quarter worth approximately $2,424,000. Hedge funds and other institutional investors own 63.01% of the company’s stock.

Coeur Mining Company Profile

Coeur Mining, Inc is a publicly traded precious metals mining company headquartered in Chicago, Illinois. The company specializes in the exploration, development and production of silver and gold deposits, with a focus on high-grade underground and open-pit operations. Through a combination of operating mines and advanced exploration projects, Coeur Mining seeks to deliver consistent production of silver and gold bullion while maintaining industry standards for safety, environmental stewardship and cost management.

Coeur Mining’s portfolio includes five principal operating mines and several exploration projects across North America and Australia.