Coeur Mining (NYSE:CDE) Upgraded by Canaccord Genuity Group to “Buy” Rating

Canaccord Genuity Group upgraded shares of Coeur Mining (NYSE:CDE) from a hold rating to a buy rating in a report published on Wednesday, MarketBeat Ratings reports. Canaccord Genuity Group currently has $26.00 price target on the basic materials company’s stock.

A number of other equities research analysts have also weighed in on the stock. Zacks Research lowered shares of Coeur Mining from a “hold” rating to a “strong sell” rating in a report on Wednesday, April 1st. Roth Mkm restated a “buy” rating and issued a $29.00 price objective on shares of Coeur Mining in a report on Thursday, February 19th. Canadian Imperial Bank of Commerce initiated coverage on shares of Coeur Mining in a report on Tuesday, March 10th. They issued an “outperform” rating and a $40.00 price objective on the stock. BMO Capital Markets assumed coverage on shares of Coeur Mining in a report on Wednesday, March 25th. They issued an “outperform” rating and a $27.00 price objective on the stock. Finally, Royal Bank Of Canada lifted their price target on shares of Coeur Mining from $22.00 to $26.00 and gave the stock an “outperform” rating in a research note on Thursday, February 12th. Two investment analysts have rated the stock with a Strong Buy rating, eight have assigned a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, Coeur Mining presently has an average rating of “Moderate Buy” and an average target price of $24.67.

Coeur Mining Price Performance

Shares of CDE opened at $17.31 on Wednesday. Coeur Mining has a twelve month low of $5.21 and a twelve month high of $27.77. The firm’s fifty day simple moving average is $20.63 and its 200-day simple moving average is $19.49. The firm has a market capitalization of $11.11 billion, a price-to-earnings ratio of 19.90 and a beta of 1.33. 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) last announced its quarterly earnings data 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 net margin of 28.31% and a return on equity of 18.75%. The firm had revenue of $674.85 million during the quarter, compared to analyst estimates of $668.70 million. During the same quarter in the previous year, the business posted $0.11 earnings per share. Coeur Mining’s revenue for the quarter was up 120.9% compared to the same quarter last year. Equities analysts forecast that Coeur Mining will post 1.42 EPS for the current fiscal year.

Institutional Investors Weigh In On Coeur Mining

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Triumph Capital Management raised its stake 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. Kingdom Financial Group LLC. purchased a new position in Coeur Mining during the 4th quarter worth $32,000. JPL Wealth Management LLC purchased a new position in Coeur Mining during the 3rd quarter worth $35,000. Covestor Ltd grew its position in Coeur Mining by 7,011.5% during the 3rd quarter. Covestor Ltd now owns 1,849 shares of the basic materials company’s stock worth $35,000 after purchasing an additional 1,823 shares during the last quarter. Finally, Kemnay Advisory Services Inc. purchased a new position in Coeur Mining during the 4th quarter worth $33,000. 63.01% of the stock is currently owned by institutional investors and hedge funds.

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.