Coeur Mining (NYSE:CDE) Stock Rating Upgraded by Zacks Research

Coeur Mining (NYSE:CDE) was upgraded by equities research analysts at Zacks Research from a “hold” rating to a “strong-buy” rating in a note issued to investors on Monday,Zacks.com reports.

A number of other brokerages also recently weighed in on CDE. TD Securities increased 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. Wall Street Zen raised shares of Coeur Mining from a “hold” rating to a “buy” rating in a research report on Sunday, December 21st. Cormark cut shares of Coeur Mining from a “moderate buy” rating to a “hold” rating in a research note on Wednesday, October 29th. Raymond James Financial set a $21.00 target price on Coeur Mining in a research report on Thursday, October 30th. Finally, Roth Capital upped their price target on Coeur Mining from $20.00 to $23.00 and gave the company a “buy” rating in a report on Monday, December 15th. Three analysts have rated the stock with a Strong Buy rating, six have issued a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat, Coeur Mining currently has a consensus rating of “Buy” and an average price target of $16.75.

Coeur Mining Stock Performance

Shares of NYSE CDE opened at $18.08 on Monday. The company has a quick ratio of 1.10, a current ratio of 2.00 and a debt-to-equity ratio of 0.11. The business’s 50 day moving average is $16.50 and its two-hundred day moving average is $14.33. The company has a market cap of $11.61 billion, a P/E ratio of 27.40 and a beta of 1.33. Coeur Mining has a 12 month low of $4.58 and a 12 month high of $23.61.

Coeur Mining (NYSE:CDE) last posted 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). The business had revenue of $554.57 million during the quarter, compared to the consensus estimate of $511.20 million. Coeur Mining had a net margin of 24.03% and a return on equity of 15.52%. The firm’s revenue was up 76.9% compared to the same quarter last year. During the same period in the prior year, the company posted $0.12 earnings per share. On average, equities analysts expect that Coeur Mining will post 0.58 EPS for the current year.

Hedge Funds Weigh In On Coeur Mining

Several hedge funds and other institutional investors have recently modified their holdings of the stock. JPL Wealth Management LLC bought a new stake in Coeur Mining in the third quarter valued at $35,000. Covestor Ltd lifted its holdings in shares of Coeur Mining by 7,011.5% during the third quarter. Covestor Ltd now owns 1,849 shares of the basic materials company’s stock valued at $35,000 after acquiring an additional 1,823 shares during the period. Bogart Wealth LLC acquired a new stake in shares of Coeur Mining in the 3rd quarter valued at $62,000. EverSource Wealth Advisors LLC grew its holdings in shares of Coeur Mining by 74.2% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 3,368 shares of the basic materials company’s stock worth $30,000 after purchasing an additional 1,435 shares during the last quarter. Finally, MAI Capital Management bought a new stake in shares of Coeur Mining in the 1st quarter worth about $25,000. Institutional investors own 63.01% of the company’s stock.

About Coeur Mining

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.