Coeur Mining (NYSE:CDE) Rating Increased to Hold at Zacks Research

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

Other research analysts have also recently issued research reports about the company. Scotiabank cut their target price on Coeur Mining from $28.50 to $26.50 and set an “outperform” rating on the stock in a research note on Friday, August 7th. Canaccord Genuity Group raised Coeur Mining from a “hold” rating to a “buy” rating and set a $26.00 price target for the company in a research note on Wednesday, April 29th. Weiss Ratings restated a “hold (c+)” rating on shares of Coeur Mining in a report on Wednesday, June 24th. Cantor Fitzgerald downgraded Coeur Mining from a “buy” rating to a “hold” rating and set a $19.00 price objective on the stock. in a research report on Thursday, May 7th. Finally, Roth Capital set a $19.00 target price on Coeur Mining in a research note on Friday, August 7th. One research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and four have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $25.50.

Coeur Mining Stock Performance

Shares of NYSE:CDE opened at $18.52 on Monday. The company has a market capitalization of $19.04 billion, a price-to-earnings ratio of 15.83 and a beta of 1.32. Coeur Mining has a 12 month low of $11.23 and a 12 month high of $27.77. The firm’s 50-day moving average is $16.50 and its 200 day moving average is $18.84. The company has a current ratio of 3.65, a quick ratio of 2.44 and a debt-to-equity ratio of 0.07.

Coeur Mining (NYSE:CDE) last posted its quarterly earnings data on Wednesday, August 5th. The basic materials company reported $0.12 earnings per share for the quarter, missing analysts’ consensus estimates of $0.26 by ($0.14). The firm had revenue of $1.09 billion during the quarter, compared to analysts’ expectations of $1.24 billion. Coeur Mining had a return on equity of 11.03% and a net margin of 26.82%.The business’s revenue for the quarter was up 125.8% compared to the same quarter last year. During the same period last year, the company earned $0.20 earnings per share. Research analysts predict that Coeur Mining will post 0.95 EPS for the current year.

Insider Activity

In related news, CAO Kenneth J. Watkinson sold 39,000 shares of the business’s stock in a transaction that occurred on Monday, June 1st. The stock was sold at an average price of $18.60, for a total value of $725,400.00. Following the completion of the sale, the chief accounting officer owned 77,204 shares in the company, valued at approximately $1,435,994.40. The trade was a 33.56% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.90% of the company’s stock.

Institutional Investors Weigh In On Coeur Mining

Institutional investors and hedge funds have recently bought and sold shares of the company. Versant Capital Management Inc increased its stake in shares of Coeur Mining by 105.0% during the second quarter. Versant Capital Management Inc now owns 1,601 shares of the basic materials company’s stock valued at $26,000 after buying an additional 820 shares during the period. Ancora Advisors LLC purchased a new stake in Coeur Mining in the second quarter worth about $26,000. 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 in the last quarter. EverSource Wealth Advisors LLC raised 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 valued at $30,000 after purchasing an additional 1,435 shares in the last quarter. Finally, Kingdom Financial Group LLC. purchased a new stake in shares of Coeur Mining in the 4th quarter worth approximately $32,000. 63.01% of the stock is owned by institutional investors.

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.