Coeur Mining Inc. (NYSE:CDE) shot up 3.5% on Wednesday . The company traded as high as $12.92 and last traded at $12.78, with a volume of 3,290,338 shares. The stock had previously closed at $12.35.

A number of brokerages have weighed in on CDE. Deutsche Bank AG restated a “sell” rating on shares of Coeur Mining in a report on Thursday, July 7th. Barclays PLC increased their price target on shares of Coeur Mining and gave the company an “outperform” rating in a report on Monday, June 27th. Roth Capital reiterated a “buy” rating on shares of Coeur Mining in a report on Monday, June 27th. Raymond James Financial Inc. upgraded shares of Coeur Mining from a “market perform” rating to an “outperform” rating in a research report on Monday, June 27th. Finally, Royal Bank Of Canada assumed coverage on shares of Coeur Mining in a research report on Tuesday, June 21st. They set a “sector perform” rating and a $9.00 price objective on the stock. Two equities research analysts have rated the stock with a sell rating, two have issued a hold rating and six have issued a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus price target of $5.88.

The company’s market capitalization is $1.99 billion. The firm’s 50-day moving average is $9.48 and its 200-day moving average is $5.95.

Coeur Mining (NYSE:CDE) last released its earnings results on Wednesday, April 27th. The company reported ($0.04) earnings per share for the quarter, topping the consensus estimate of ($0.16) by $0.12. The company had revenue of $148.39 million for the quarter, compared to analysts’ expectations of $145.74 million. The firm’s revenue for the quarter was down 3.0% on a year-over-year basis. During the same period in the prior year, the firm posted ($0.24) EPS.

A number of hedge funds recently added to or reduced their stakes in CDE. Donald Smith & CO. Inc. increased its stake in Coeur Mining by 3.4% in the fourth quarter. Donald Smith & CO. Inc. now owns 13,252,541 shares of the company’s stock valued at $32,866,000 after buying an additional 430,286 shares in the last quarter. Royce & Associates LLC increased its stake in Coeur Mining by 11.5% in the fourth quarter. Royce & Associates LLC now owns 1,068,000 shares of the company’s stock valued at $2,649,000 after buying an additional 110,500 shares in the last quarter. Commerzbank Aktiengesellschaft FI increased its stake in Coeur Mining by 46.9% in the fourth quarter. Commerzbank Aktiengesellschaft FI now owns 890,658 shares of the company’s stock valued at $2,209,000 after buying an additional 284,351 shares in the last quarter. California Public Employees Retirement System increased its stake in Coeur Mining by 9.4% in the fourth quarter. California Public Employees Retirement System now owns 840,600 shares of the company’s stock valued at $2,085,000 after buying an additional 72,000 shares in the last quarter. Finally, Sei Investments Co. increased its stake in Coeur Mining by 71,528.3% in the fourth quarter. Sei Investments Co. now owns 506,412 shares of the company’s stock valued at $1,256,000 after buying an additional 505,705 shares in the last quarter.

Coeur Mining, Inc is a gold and silver producer. The Company’s segments include Palmarejo complex, Rochester, Kensington, Wharf and San Bartolome mines, and Coeur Capital. The Company also a non-operating interest in the Endeavor mine in Australia in addition to royalties on the El Gallo complex in Mexico, the Zaruma mine in Ecuador, and the Correnso mine in New Zealand.

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