Coeur Mining (NYSE:CDE) Stock Price Expected to Rise, Royal Bank Of Canada Analyst Says

Coeur Mining (NYSE:CDE) had its target price increased by equities research analysts at Royal Bank Of Canada from $22.00 to $26.00 in a research note issued to investors on Thursday,Benzinga reports. The firm presently has an “outperform” rating on the basic materials company’s stock. Royal Bank Of Canada’s target price indicates a potential upside of 21.22% from the stock’s current price.

Other equities analysts have also issued reports about the company. Zacks Research raised Coeur Mining from a “hold” rating to a “strong-buy” rating in a report on Monday, December 29th. TD Securities boosted their price objective on Coeur Mining from $23.00 to $25.00 and gave the company a “buy” rating in a research report on Tuesday, November 11th. Wall Street Zen upgraded Coeur Mining from a “hold” rating to a “buy” rating in a research note on Sunday, December 21st. Cormark cut Coeur Mining from a “moderate buy” rating to a “hold” rating in a research note on Wednesday, October 29th. Finally, Roth Mkm boosted their price target on shares of Coeur Mining from $20.00 to $23.00 and gave the company a “buy” rating in a report on Monday, December 15th. Three equities research analysts have rated the stock with a Strong Buy rating, five have issued a Buy rating and three have issued a Hold rating to the company. According to MarketBeat.com, the company presently has an average rating of “Buy” and a consensus target price of $19.29.

Coeur Mining Stock Performance

Shares of NYSE:CDE traded down $1.63 during trading on Thursday, reaching $21.45. 6,745,565 shares of the company’s stock traded hands, compared to its average volume of 27,163,088. The company has a debt-to-equity ratio of 0.11, a current ratio of 2.00 and a quick ratio of 1.10. Coeur Mining has a 12 month low of $4.58 and a 12 month high of $27.77. The company has a 50 day moving average of $20.06 and a 200-day moving average of $17.01. The stock has a market capitalization of $13.77 billion, a P/E ratio of 32.89 and a beta of 1.21.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the business. AQR Capital Management LLC grew its stake in shares of Coeur Mining by 60.2% in the first quarter. AQR Capital Management LLC now owns 748,907 shares of the basic materials company’s stock worth $4,434,000 after purchasing an additional 281,489 shares in the last quarter. Goldman Sachs Group Inc. lifted its holdings in Coeur Mining by 18.1% in the first quarter. Goldman Sachs Group Inc. now owns 8,352,940 shares of the basic materials company’s stock worth $49,449,000 after purchasing an additional 1,278,110 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its position in Coeur Mining by 122.6% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 2,431,244 shares of the basic materials company’s stock valued at $14,393,000 after buying an additional 1,339,138 shares in the last quarter. Focus Partners Wealth acquired a new position in Coeur Mining during the 1st quarter valued at about $60,000. Finally, Intech Investment Management LLC increased its stake in Coeur Mining by 58.4% during the 1st quarter. Intech Investment Management LLC now owns 269,203 shares of the basic materials company’s stock valued at $1,594,000 after buying an additional 99,256 shares during the period. Institutional investors and hedge funds 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.