Coeur Mining (NYSE:CDE) Upgraded to “Moderate Buy” at ATB Cormark Capital Markets

ATB Cormark Capital Markets upgraded shares of Coeur Mining (NYSE:CDEFree Report) from a hold rating to a moderate buy rating in a report published on Tuesday morning,Zacks.com reports.

A number of other equities analysts have also recently weighed in on the company. Weiss Ratings upgraded Coeur Mining from a “hold (c+)” rating to a “buy (b-)” rating in a report on Friday, March 13th. Roth Mkm restated a “buy” rating and issued a $29.00 price objective on shares of Coeur Mining in a report on Thursday, February 19th. Royal Bank Of Canada upped their target price on shares of Coeur Mining from $22.00 to $26.00 and gave the company an “outperform” rating in a research report on Thursday, February 12th. Wall Street Zen raised shares of Coeur Mining from a “hold” rating to a “buy” rating in a research note on Sunday, December 21st. Finally, TD Cowen raised shares of Coeur Mining to a “strong-buy” rating in a research note on Monday, December 1st. Two analysts have rated the stock with a Strong Buy rating, eight have given a Buy rating and four have issued a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $23.00.

Check Out Our Latest Stock Analysis on Coeur Mining

Coeur Mining Stock Up 2.1%

CDE stock opened at $18.26 on Tuesday. Coeur Mining has a one year low of $4.58 and a one year high of $27.77. The firm has a market cap of $11.72 billion, a PE ratio of 20.99 and a beta of 1.16. The firm’s 50 day moving average price is $22.58 and its 200-day moving average price is $19.27. The company has a debt-to-equity ratio of 0.10, a quick ratio of 1.66 and a current ratio of 2.47.

Coeur Mining (NYSE:CDEGet Free Report) last issued its quarterly earnings data on Wednesday, February 18th. The basic materials company reported $0.35 earnings per share for the quarter, missing the consensus estimate of $0.43 by ($0.08). Coeur Mining had a return on equity of 18.75% and a net margin of 28.31%.The business had revenue of $674.85 million during the quarter, compared to analysts’ expectations of $668.70 million. During the same quarter in the previous year, the company posted $0.11 earnings per share. The company’s revenue was up 120.9% on a year-over-year basis. On average, equities research analysts anticipate that Coeur Mining will post 0.58 EPS for the current year.

Hedge Funds Weigh In On Coeur Mining

Several institutional investors have recently bought and sold shares of CDE. Triumph Capital Management increased its stake in Coeur Mining by 300.0% during the fourth quarter. Triumph Capital Management now owns 1,600 shares of the basic materials company’s stock worth $29,000 after purchasing an additional 1,200 shares during the period. Kingdom Financial Group LLC. purchased a new position in shares of Coeur Mining in the fourth quarter valued at approximately $32,000. JPL Wealth Management LLC purchased a new position in shares of Coeur Mining in the third quarter valued at approximately $35,000. Covestor Ltd grew its holdings in shares of Coeur Mining by 7,011.5% in the third quarter. Covestor Ltd now owns 1,849 shares of the basic materials company’s stock valued at $35,000 after purchasing an additional 1,823 shares in the last quarter. Finally, Kemnay Advisory Services Inc. acquired a new position in shares of Coeur Mining in the fourth quarter valued at approximately $33,000. 63.01% of the stock is owned by institutional investors and hedge funds.

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About Coeur Mining

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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.

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Analyst Recommendations for Coeur Mining (NYSE:CDE)

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