Coeur Mining (NYSE:CDE) Upgraded by ATB Cormark Capital Markets to “Moderate Buy” Rating

Coeur Mining (NYSE:CDEGet Free Report) was upgraded by analysts at ATB Cormark Capital Markets from a “hold” rating to a “moderate buy” rating in a report released on Tuesday,Zacks.com reports.

Other analysts also recently issued reports about the company. Zacks Research downgraded Coeur Mining from a “strong-buy” rating to a “hold” rating in a report on Friday, February 20th. Canaccord Genuity Group cut shares of Coeur Mining from a “buy” rating to a “hold” rating in a report on Friday, February 20th. Wall Street Zen raised shares of Coeur Mining from a “hold” rating to a “buy” rating in a research report on Sunday, December 21st. Weiss Ratings upgraded shares of Coeur Mining from a “hold (c+)” rating to a “buy (b-)” rating in a report on Friday, March 13th. Finally, TD Cowen raised shares of Coeur Mining to a “strong-buy” rating in a research report on Monday, December 1st. Two investment analysts have rated the stock with a Strong Buy rating, eight have assigned a Buy rating and four have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $23.00.

View Our Latest Stock Analysis on CDE

Coeur Mining Trading Up 2.1%

Shares of NYSE CDE opened at $18.26 on Tuesday. The company has a quick ratio of 1.66, a current ratio of 2.47 and a debt-to-equity ratio of 0.10. The business has a fifty day simple moving average of $22.58 and a two-hundred day simple moving average of $19.27. The firm has a market cap of $11.72 billion, a PE ratio of 20.99 and a beta of 1.16. Coeur Mining has a twelve month low of $4.58 and a twelve month high of $27.77.

Coeur Mining (NYSE:CDEGet Free Report) last issued its earnings results on Wednesday, February 18th. The basic materials company reported $0.35 earnings per share for the quarter, missing the consensus estimate 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 during the quarter, compared to analysts’ expectations of $668.70 million. During the same quarter in the prior year, the company posted $0.11 earnings per share. Coeur Mining’s quarterly revenue was up 120.9% compared to the same quarter last year. Analysts expect that Coeur Mining will post 0.58 earnings per share 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. Triumph Capital Management lifted its position in shares of Coeur Mining by 300.0% during the fourth quarter. Triumph Capital Management now owns 1,600 shares of the basic materials company’s stock valued at $29,000 after buying an additional 1,200 shares during the last quarter. EverSource Wealth Advisors LLC grew its position 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 worth $30,000 after buying an additional 1,435 shares during the last quarter. Kingdom Financial Group LLC. bought a new position in shares of Coeur Mining during the 4th quarter worth approximately $32,000. Kemnay Advisory Services Inc. bought a new position in shares of Coeur Mining during the 4th quarter worth approximately $33,000. Finally, Transamerica Financial Advisors LLC purchased a new stake in Coeur Mining during the fourth quarter valued at approximately $34,000. Hedge funds and other institutional investors own 63.01% of the company’s stock.

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About Coeur Mining

(Get Free Report)

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.

Further Reading

Analyst Recommendations for Coeur Mining (NYSE:CDE)

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