Coeur Mining (NYSE:CDE) Rating Increased to Hold at Zacks Research
by Scott Moore · The Cerbat GemZacks Research upgraded shares of Coeur Mining (NYSE:CDE – Free Report) from a strong sell rating to a hold rating in a research note released on Thursday morning,Zacks.com reports.
CDE has been the topic of a number of other reports. ATB Cormark Capital Markets raised Coeur Mining from a “hold” rating to a “moderate buy” rating in a research report on Tuesday, March 24th. BMO Capital Markets initiated coverage on Coeur Mining in a research report on Wednesday, March 25th. They set an “outperform” rating and a $27.00 target price on the stock. Royal Bank Of Canada lifted their target price on Coeur Mining from $22.00 to $26.00 and gave the stock an “outperform” rating in a research report on Thursday, February 12th. Weiss Ratings downgraded Coeur Mining from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Friday, March 27th. Finally, Roth Mkm reissued a “buy” rating and set a $29.00 target price on shares of Coeur Mining in a research report on Thursday, February 19th. Two analysts have rated the stock with a Strong Buy rating, eight have given a Buy rating and four have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, Coeur Mining presently has a consensus rating of “Moderate Buy” and a consensus price target of $24.67.
Read Our Latest Stock Analysis on CDE
Coeur Mining Stock Performance
CDE stock traded down $0.37 during trading on Thursday, reaching $17.60. 16,832,858 shares of the stock were exchanged, compared to its average volume of 17,067,238. Coeur Mining has a twelve month low of $5.21 and a twelve month high of $27.77. The company has a market capitalization of $11.30 billion, a P/E ratio of 20.23 and a beta of 1.24. The stock has a 50 day simple moving average of $20.50 and a 200-day simple moving average of $19.48. The company has a current ratio of 2.47, a quick ratio of 1.66 and a debt-to-equity ratio of 0.10.
Coeur Mining (NYSE:CDE – Get Free Report) last released its earnings results on Wednesday, February 18th. The basic materials company reported $0.35 earnings per share for the quarter, missing analysts’ consensus estimates of $0.43 by ($0.08). Coeur Mining had a return on equity of 18.75% and a net margin of 28.31%.The firm had revenue of $674.85 million for the quarter, compared to analyst estimates of $668.70 million. During the same period last year, the business earned $0.11 earnings per share. The firm’s quarterly revenue was up 120.9% compared to the same quarter last year. As a group, sell-side analysts anticipate that Coeur Mining will post 1.42 earnings per share for the current year.
Institutional Inflows and Outflows
A number of hedge funds have recently bought and sold shares of CDE. Triumph Capital Management grew its holdings in Coeur Mining by 300.0% during the 4th quarter. Triumph Capital Management now owns 1,600 shares of the basic materials company’s stock worth $29,000 after acquiring an additional 1,200 shares during the period. EverSource Wealth Advisors LLC grew its holdings in Coeur Mining by 74.2% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 3,368 shares of the basic materials company’s stock worth $30,000 after acquiring an additional 1,435 shares during the period. Kingdom Financial Group LLC. acquired a new stake in Coeur Mining during the 4th quarter worth $32,000. Kemnay Advisory Services Inc. acquired a new stake in Coeur Mining during the 4th quarter worth $33,000. Finally, Transamerica Financial Advisors LLC acquired a new stake in Coeur Mining during the 4th quarter worth $34,000. 63.01% of the stock is currently owned by institutional investors.
Coeur Mining Company Profile
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.