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

Coeur Mining (NYSE:CDE) was upgraded by research analysts at StockNews.com from a “sell” rating to a “hold” rating in a report issued on Friday.

CDE has been the topic of several other research reports. BMO Capital Markets boosted their price target on Coeur Mining from $7.50 to $8.00 and gave the company an “outperform” rating in a research report on Monday, September 23rd. Cantor Fitzgerald cut Coeur Mining from an “overweight” rating to a “neutral” rating in a research report on Thursday, August 8th. Canaccord Genuity Group boosted their price target on Coeur Mining from $7.00 to $7.75 and gave the company a “buy” rating in a research report on Tuesday, October 8th. Raymond James boosted their price target on Coeur Mining from $6.25 to $7.00 and gave the company a “market perform” rating in a research report on Friday, September 20th. Finally, Roth Mkm restated a “buy” rating and issued a $8.50 price target (down previously from $9.00) on shares of Coeur Mining in a research report on Friday. Two research 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.com, Coeur Mining presently has an average rating of “Moderate Buy” and a consensus price target of $7.81.

Coeur Mining Price Performance

Coeur Mining stock opened at $6.59 on Friday. The stock’s fifty day moving average is $6.56 and its two-hundred day moving average is $6.02. The stock has a market cap of $2.63 billion, a PE ratio of -219.59 and a beta of 1.65. Coeur Mining has a 1-year low of $2.00 and a 1-year high of $7.72. The company has a debt-to-equity ratio of 0.59, a current ratio of 1.20 and a quick ratio of 0.45.

Coeur Mining (NYSE:CDE) last issued its quarterly earnings data on Wednesday, November 6th. The basic materials company reported $0.12 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.07 by $0.05. The company had revenue of $313.50 million for the quarter, compared to analyst estimates of $289.19 million. Coeur Mining had a positive return on equity of 1.81% and a negative net margin of 0.44%. The business’s quarterly revenue was up 61.1% compared to the same quarter last year. During the same quarter last year, the company posted ($0.05) earnings per share. On average, sell-side analysts expect that Coeur Mining will post 0.14 EPS for the current fiscal year.

Hedge Funds Weigh In On Coeur Mining

Several institutional investors and hedge funds have recently added to or reduced their stakes in CDE. CWM LLC increased its position in Coeur Mining by 831.5% during the 2nd quarter. CWM LLC now owns 5,030 shares of the basic materials company’s stock worth $28,000 after purchasing an additional 4,490 shares during the period. Point72 Asia Singapore Pte. Ltd. acquired a new position in Coeur Mining during the 2nd quarter worth approximately $49,000. Hohimer Wealth Management LLC acquired a new position in Coeur Mining during the 2nd quarter worth approximately $57,000. WINTON GROUP Ltd purchased a new stake in shares of Coeur Mining during the 2nd quarter worth approximately $57,000. Finally, CIBC Asset Management Inc purchased a new stake in shares of Coeur Mining during the 2nd quarter worth approximately $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.