Coeur Mining (NYSE:CDE) Upgraded by StockNews.com to “Hold” Rating

StockNews.com upgraded shares of Coeur Mining (NYSE:CDE) from a sell rating to a hold rating in a research report released on Friday morning.

Several other equities research analysts have also weighed in on CDE. BMO Capital Markets raised their target price on Coeur Mining from $7.50 to $8.00 and gave the stock an “outperform” rating in a research report on Monday, September 23rd. Canaccord Genuity Group increased their target price on shares of Coeur Mining from $7.00 to $7.75 and gave the company a “buy” rating in a research report on Tuesday, October 8th. Roth Mkm reissued a “buy” rating and issued a $8.50 price target (down from $9.00) on shares of Coeur Mining in a research report on Friday. Raymond James raised their price objective on Coeur Mining from $6.25 to $7.00 and gave the stock a “market perform” rating in a report on Friday, September 20th. Finally, Cantor Fitzgerald downgraded Coeur Mining from an “overweight” rating to a “neutral” rating in a report on Thursday, August 8th. Two analysts have rated the stock with a hold rating, four have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $7.81.

Coeur Mining Price Performance

Shares of NYSE:CDE opened at $6.59 on Friday. Coeur Mining has a fifty-two week low of $2.00 and a fifty-two week high of $7.72. The firm’s 50 day moving average price is $6.56 and its 200 day moving average price is $6.03. The company has a quick ratio of 0.45, a current ratio of 1.20 and a debt-to-equity ratio of 0.59. The stock has a market cap of $2.63 billion, a price-to-earnings ratio of -219.59 and a beta of 1.65.

Coeur Mining (NYSE:CDE) last announced its quarterly earnings data on Wednesday, November 6th. The basic materials company reported $0.12 earnings per share for the quarter, beating analysts’ consensus estimates of $0.07 by $0.05. The business had revenue of $313.50 million for the quarter, compared to analyst estimates of $289.19 million. Coeur Mining had a negative net margin of 0.44% and a positive return on equity of 1.81%. The company’s revenue was up 61.1% on a year-over-year basis. During the same period last year, the business earned ($0.05) EPS. As a group, equities research analysts predict that Coeur Mining will post 0.14 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Coeur Mining

Several hedge funds have recently made changes to their positions in the business. CWM LLC raised its stake in Coeur Mining by 831.5% during the 2nd quarter. CWM LLC now owns 5,030 shares of the basic materials company’s stock valued at $28,000 after acquiring an additional 4,490 shares during the last quarter. Point72 Asia Singapore Pte. Ltd. acquired a new stake in shares of Coeur Mining during the second quarter worth $49,000. Hohimer Wealth Management LLC purchased a new position in Coeur Mining in the 2nd quarter valued at $57,000. WINTON GROUP Ltd acquired a new position in Coeur Mining in the 2nd quarter valued at $57,000. Finally, CIBC Asset Management Inc acquired a new position in Coeur Mining in the 2nd quarter valued at $59,000. Institutional investors and hedge funds 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.