Coeur Mining (NYSE:CDE) Upgraded at TD Cowen

TD Cowen upgraded shares of Coeur Mining (NYSE:CDE) to a strong-buy rating in a research report released on Monday morning,Zacks.com reports.

Several other brokerages also recently commented on CDE. Wall Street Zen downgraded shares of Coeur Mining from a “strong-buy” rating to a “buy” rating in a report on Saturday, November 1st. Weiss Ratings reissued a “buy (b-)” rating on shares of Coeur Mining in a research report on Monday. Raymond James Financial set a $21.00 target price on Coeur Mining in a research note on Thursday, October 30th. Roth Capital set a $20.00 price target on shares of Coeur Mining and gave the stock a “buy” rating in a research note on Friday, October 3rd. Finally, Zacks Research downgraded shares of Coeur Mining from a “strong-buy” rating to a “hold” rating in a report on Monday, November 24th. Two equities research analysts have rated the stock with a Strong Buy rating, six have assigned a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $16.32.

Coeur Mining Stock Performance

CDE stock opened at $16.18 on Monday. The stock has a market capitalization of $10.39 billion, a PE ratio of 24.52 and a beta of 1.33. Coeur Mining has a fifty-two week low of $4.58 and a fifty-two week high of $23.61. The company has a debt-to-equity ratio of 0.11, a current ratio of 2.00 and a quick ratio of 1.10. The company has a 50 day moving average price of $17.45 and a 200 day moving average price of $13.10.

Coeur Mining (NYSE:CDE) last issued its earnings results on Wednesday, October 29th. The basic materials company reported $0.23 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.25 by ($0.02). The business had revenue of $554.57 million during the quarter, compared to the consensus estimate of $511.20 million. Coeur Mining had a net margin of 24.03% and a return on equity of 15.52%. The firm’s revenue for the quarter was up 76.9% compared to the same quarter last year. During the same period last year, the business posted $0.12 EPS. Analysts forecast that Coeur Mining will post 0.58 EPS for the current year.

Insider Transactions at Coeur Mining

In other news, CEO Mitchell J. Krebs sold 125,000 shares of the firm’s stock in a transaction that occurred on Monday, September 8th. The shares were sold at an average price of $14.65, for a total transaction of $1,831,250.00. Following the transaction, the chief executive officer directly owned 2,197,309 shares of the company’s stock, valued at approximately $32,190,576.85. This trade represents a 5.38% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 1.56% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. Range Financial Group LLC bought a new stake in shares of Coeur Mining during the 2nd quarter valued at approximately $1,115,000. Y Intercept Hong Kong Ltd boosted its holdings in shares of Coeur Mining by 166.0% during the 2nd quarter. Y Intercept Hong Kong Ltd now owns 350,317 shares of the basic materials company’s stock valued at $3,104,000 after acquiring an additional 218,638 shares in the last quarter. Prudential Financial Inc. boosted its holdings in shares of Coeur Mining by 455.2% during the 2nd quarter. Prudential Financial Inc. now owns 1,067,212 shares of the basic materials company’s stock valued at $9,455,000 after acquiring an additional 874,986 shares in the last quarter. Farther Finance Advisors LLC grew its position in Coeur Mining by 17,945.6% during the 2nd quarter. Farther Finance Advisors LLC now owns 32,843 shares of the basic materials company’s stock worth $291,000 after acquiring an additional 32,661 shares during the last quarter. Finally, Schroder Investment Management Group increased its holdings in Coeur Mining by 12.3% in the 2nd quarter. Schroder Investment Management Group now owns 6,592,203 shares of the basic materials company’s stock worth $58,407,000 after purchasing an additional 723,064 shares in the last quarter. 63.01% of the stock is currently owned by institutional investors and hedge funds.

About Coeur Mining

Coeur Mining, Inc explores for precious metals in the United States, Canada, and Mexico. The company primarily explores for gold, silver, zinc, and lead properties. It markets and sells its concentrates to third-party customers, smelters, under off-take agreements. The company was formerly known as Coeur d'Alene Mines Corporation and changed its name to Coeur Mining, Inc in May 2013.