Coeur Mining (NYSE:CDE) Rating Increased to Strong-Buy at TD Cowen

TD Cowen upgraded shares of Coeur Mining (NYSE:CDE) to a strong-buy rating in a research report report published on Tuesday,Zacks.com reports.

A number of other research firms have also commented on CDE. Raymond James upgraded Coeur Mining from a “market perform” rating to an “outperform” rating and lowered their price objective for the stock from $8.75 to $8.25 in a research note on Friday, February 21st. Roth Mkm lowered their price objective on Coeur Mining from $8.50 to $8.25 and set a “buy” rating on the stock in a research note on Friday, February 21st. Cormark upgraded Coeur Mining to a “moderate buy” rating in a research note on Thursday, February 20th. BMO Capital Markets initiated coverage on Coeur Mining in a research note on Tuesday, February 18th. They set an “outperform” rating and a $9.00 price objective on the stock. Finally, TD Securities initiated coverage on Coeur Mining in a research note on Tuesday. They set a “buy” rating and a $7.00 price objective on the stock. One research analyst has rated the stock with a hold rating, six have given a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat.com, Coeur Mining presently has a consensus rating of “Buy” and an average target price of $8.05.

Coeur Mining Price Performance

Shares of NYSE CDE opened at $5.95 on Tuesday. The firm has a market cap of $3.80 billion, a P/E ratio of 49.55 and a beta of 1.51. The company has a current ratio of 0.83, a quick ratio of 0.39 and a debt-to-equity ratio of 0.50. Coeur Mining has a 1-year low of $2.98 and a 1-year high of $7.72. The business’s 50 day moving average is $6.16 and its 200-day moving average is $6.35.

Coeur Mining (NYSE:CDE) last posted its quarterly earnings data on Wednesday, February 19th. The basic materials company reported $0.11 EPS for the quarter, hitting analysts’ consensus estimates of $0.11. Coeur Mining had a return on equity of 6.59% and a net margin of 5.59%. The firm had revenue of $305.40 million for the quarter, compared to analyst estimates of $314.32 million. Equities research analysts predict that Coeur Mining will post 0.58 earnings per share for the current year.

Insider Activity

In other Coeur Mining news, CFO Thomas S. Whelan purchased 10,000 shares of the firm’s stock in a transaction dated Wednesday, February 26th. The shares were bought at an average price of $5.25 per share, for a total transaction of $52,500.00. Following the purchase, the chief financial officer now owns 668,450 shares in the company, valued at approximately $3,509,362.50. This trade represents a 1.52 % increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 1.56% of the company’s stock.

Institutional Investors Weigh In On Coeur Mining

Several hedge funds have recently modified their holdings of CDE. Chartwell Investment Partners LLC acquired a new stake in shares of Coeur Mining during the 3rd quarter valued at $1,066,000. Aigen Investment Management LP raised its position in shares of Coeur Mining by 415.4% in the 3rd quarter. Aigen Investment Management LP now owns 103,886 shares of the basic materials company’s stock worth $715,000 after acquiring an additional 83,730 shares in the last quarter. Jennison Associates LLC bought a new position in shares of Coeur Mining in the 3rd quarter worth about $579,000. Intech Investment Management LLC bought a new position in shares of Coeur Mining in the 3rd quarter worth about $642,000. Finally, Landscape Capital Management L.L.C. bought a new stake in Coeur Mining in the 3rd quarter valued at about $388,000. Institutional investors and hedge funds own 63.01% of the company’s stock.

About Coeur Mining

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.