Zacks Research Upgrades Coeur Mining (NYSE:CDE) to “Hold”

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

CDE has been the topic of a number of other research reports. Roth Mkm restated a “buy” rating and set a $29.00 price objective on shares of Coeur Mining in a research note on Thursday, February 19th. Canadian Imperial Bank of Commerce initiated coverage on Coeur Mining in a research note on Tuesday, March 10th. They set an “outperform” rating and a $40.00 price objective on the stock. Canaccord Genuity Group upgraded Coeur Mining from a “hold” rating to a “buy” rating and set a $26.00 price objective on the stock in a research note on Wednesday. BMO Capital Markets started coverage on shares of Coeur Mining in a report on Wednesday, March 25th. They issued an “outperform” rating and a $27.00 target price on the stock. Finally, ATB Cormark Capital Markets raised shares of Coeur Mining from a “hold” rating to a “moderate buy” rating in a report on Tuesday, March 24th. Two analysts have rated the stock with a Strong Buy rating, eight have assigned a Buy rating and four have issued a Hold rating to the company. According to MarketBeat, Coeur Mining has an average rating of “Moderate Buy” and a consensus target price of $24.67.

Coeur Mining Price Performance

NYSE:CDE opened at $17.60 on Thursday. Coeur Mining has a 52 week low of $5.21 and a 52 week high of $27.77. The firm has a market cap of $11.30 billion, a price-to-earnings ratio of 20.23 and a beta of 1.24. The firm’s 50-day simple moving average is $20.50 and its 200 day simple moving average is $19.48. The company has a debt-to-equity ratio of 0.10, a quick ratio of 1.66 and a current ratio of 2.47.

Coeur Mining (NYSE:CDE) last posted its quarterly earnings data on Wednesday, February 18th. The basic materials company reported $0.35 EPS for the quarter, missing analysts’ consensus estimates of $0.43 by ($0.08). Coeur Mining had a return on equity of 18.75% and a net margin of 28.31%.The company had revenue of $674.85 million for the quarter, compared to the consensus estimate of $668.70 million. During the same quarter last year, the business earned $0.11 EPS. Coeur Mining’s revenue was up 120.9% on a year-over-year basis. As a group, sell-side analysts predict that Coeur Mining will post 1.42 earnings per share for the current year.

Hedge Funds Weigh In On Coeur Mining

Several hedge funds and other institutional investors have recently modified their holdings of CDE. Triumph Capital Management increased its stake in shares of Coeur Mining by 300.0% in the 4th quarter. Triumph Capital Management now owns 1,600 shares of the basic materials company’s stock valued at $29,000 after purchasing an additional 1,200 shares during the last quarter. EverSource Wealth Advisors LLC increased its stake 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 during the last quarter. Kingdom Financial Group LLC. bought a new position in shares of Coeur Mining in the 4th quarter valued at $32,000. Kemnay Advisory Services Inc. bought a new stake in shares of Coeur Mining during the 4th quarter valued at approximately $33,000. Finally, Transamerica Financial Advisors LLC bought a new stake in shares of Coeur Mining during the 4th quarter valued at approximately $34,000. Institutional investors 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.