Coeur Mining (CDE) Lifted to Buy at Canaccord Genuity

Canaccord Genuity upgraded shares of Coeur Mining (NYSE:CDE) from a hold rating to a buy rating in a research report sent to investors on Wednesday morning, MarketBeat.com reports. Canaccord Genuity currently has $9.50 price objective on the basic materials company’s stock.

A number of other brokerages also recently weighed in on CDE. Raymond James Financial reaffirmed an outperform rating and set a $9.50 target price on shares of Coeur Mining in a research note on Friday, March 23rd. ValuEngine downgraded shares of Coeur Mining from a hold rating to a sell rating in a research note on Friday, February 2nd. Royal Bank of Canada set a $10.00 target price on shares of Coeur Mining and gave the company a buy rating in a research note on Tuesday, December 5th. BMO Capital Markets set a $10.00 target price on shares of Coeur Mining and gave the company a buy rating in a research note on Tuesday, February 27th. Finally, Zacks Investment Research downgraded shares of Coeur Mining from a hold rating to a sell rating in a research note on Thursday, January 11th. Three equities research analysts have rated the stock with a sell rating, two have given a hold rating and five have assigned a buy rating to the company. Coeur Mining has an average rating of Hold and an average price target of $9.80.

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Shares of NYSE CDE opened at $8.07 on Wednesday. Coeur Mining has a fifty-two week low of $6.71 and a fifty-two week high of $10.24. The company has a market cap of $1,537.32, a price-to-earnings ratio of 403.50 and a beta of 0.54. The company has a quick ratio of 1.39, a current ratio of 1.97 and a debt-to-equity ratio of 0.47.

Coeur Mining (NYSE:CDE) last announced its earnings results on Wednesday, February 7th. The basic materials company reported $0.08 earnings per share for the quarter, meeting the Zacks’ consensus estimate of $0.08. Coeur Mining had a negative net margin of 0.17% and a positive return on equity of 1.51%. The business had revenue of $214.60 million during the quarter, compared to the consensus estimate of $228.64 million. During the same quarter last year, the firm earned $0.34 earnings per share. The business’s revenue for the quarter was up 54.2% on a year-over-year basis. sell-side analysts anticipate that Coeur Mining will post 0.12 EPS for the current year.

In other news, CFO Peter C. Mitchell sold 10,000 shares of the stock in a transaction that occurred on Monday, February 26th. The shares were sold at an average price of $7.97, for a total transaction of $79,700.00. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, COO Frank L. Jr. Hanagarne sold 5,684 shares of the stock in a transaction that occurred on Friday, January 12th. The shares were sold at an average price of $8.50, for a total transaction of $48,314.00. The disclosure for this sale can be found here. In the last quarter, insiders have sold 25,684 shares of company stock worth $209,514. Corporate insiders own 1.30% of the company’s stock.

Large investors have recently bought and sold shares of the company. Dimensional Fund Advisors LP grew its holdings in shares of Coeur Mining by 29.5% during the third quarter. Dimensional Fund Advisors LP now owns 6,029,110 shares of the basic materials company’s stock valued at $55,408,000 after buying an additional 1,374,250 shares during the last quarter. U S Global Investors Inc. grew its holdings in shares of Coeur Mining by 84.8% during the third quarter. U S Global Investors Inc. now owns 200,000 shares of the basic materials company’s stock valued at $1,838,000 after buying an additional 91,776 shares during the last quarter. Engineers Gate Manager LP purchased a new stake in shares of Coeur Mining during the third quarter valued at approximately $759,000. Donald Smith & CO. Inc. grew its holdings in shares of Coeur Mining by 26.7% during the fourth quarter. Donald Smith & CO. Inc. now owns 6,250,212 shares of the basic materials company’s stock valued at $46,877,000 after buying an additional 1,316,002 shares during the last quarter. Finally, SG Americas Securities LLC purchased a new stake in shares of Coeur Mining during the third quarter valued at approximately $266,000. Hedge funds and other institutional investors own 75.12% of the company’s stock.

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About Coeur Mining

Coeur Mining, Inc is a gold and silver producer. The Company has its mines located in the United States, Mexico, and Bolivia and exploration projects in Mexico and Argentina. Its segments include Palmarejo, Rochester, Kensington, Wharf, San Bartolome mines, Coeur Capital and Other. The Palmarejo complex is located in the state of Chihuahua, Mexico.

Analyst Recommendations for Coeur Mining (NYSE:CDE)

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