Coeur Mining (NYSE:CDE) Rating Increased to Moderate Buy at ATB Cormark Capital Markets

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

CDE has been the topic of a number of other research reports. Canadian Imperial Bank of Commerce assumed coverage on Coeur Mining in a research note on Tuesday, March 10th. They set an “outperform” rating and a $40.00 price target on the stock. Zacks Research lowered shares of Coeur Mining from a “strong-buy” rating to a “hold” rating in a research report on Friday, February 20th. TD Cowen upgraded shares of Coeur Mining to a “strong-buy” rating in a research note on Monday, December 1st. Canaccord Genuity Group downgraded shares of Coeur Mining from a “buy” rating to a “hold” rating in a research report on Friday, February 20th. Finally, Wall Street Zen upgraded shares of Coeur Mining from a “hold” rating to a “buy” rating in a research note on Sunday, December 21st. Two research analysts have rated the stock with a Strong Buy rating, eight have issued a Buy rating and four have given a Hold rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $23.00.

Read Our Latest Report on Coeur Mining

Coeur Mining Stock Up 2.1%

Coeur Mining stock opened at $18.26 on Tuesday. The company has a debt-to-equity ratio of 0.10, a current ratio of 2.47 and a quick ratio of 1.66. The stock has a market capitalization of $11.72 billion, a price-to-earnings ratio of 20.99 and a beta of 1.16. Coeur Mining has a 1-year low of $4.58 and a 1-year high of $27.77. The business has a fifty day moving average price of $22.58 and a 200-day moving average price of $19.27.

Coeur Mining (NYSE:CDEGet Free Report) last announced 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 business had revenue of $674.85 million for the quarter, compared to analysts’ expectations of $668.70 million. During the same quarter last year, the firm earned $0.11 earnings per share. The firm’s quarterly revenue was up 120.9% compared to the same quarter last year. Equities research analysts forecast that Coeur Mining will post 0.58 EPS for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the company. JPMorgan Chase & Co. boosted its position in Coeur Mining by 84.0% in the second quarter. JPMorgan Chase & Co. now owns 2,881,784 shares of the basic materials company’s stock valued at $25,533,000 after buying an additional 1,315,348 shares during the last quarter. Voya Investment Management LLC raised its position in Coeur Mining by 246.5% during the 3rd quarter. Voya Investment Management LLC now owns 608,227 shares of the basic materials company’s stock worth $11,410,000 after buying an additional 432,683 shares during the last quarter. Moody Aldrich Partners LLC acquired a new stake in Coeur Mining during the 3rd quarter valued at approximately $5,768,000. Precision Wealth Strategies LLC acquired a new stake in Coeur Mining during the 3rd quarter valued at approximately $1,169,000. Finally, Allspring Global Investments Holdings LLC boosted its holdings in shares of Coeur Mining by 29.5% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 2,368,071 shares of the basic materials company’s stock valued at $44,709,000 after acquiring an additional 539,615 shares during the last quarter. 63.01% of the stock is owned by institutional investors and hedge funds.

Key Headlines Impacting Coeur Mining

Here are the key news stories impacting Coeur Mining this week:

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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