Coeur Mining (NYSE:CDE) Raised to “Buy” at Wall Street Zen

Coeur Mining (NYSE:CDE) was upgraded by stock analysts at Wall Street Zen from a “hold” rating to a “buy” rating in a research report issued on Sunday.

A number of other analysts also recently weighed in on the company. Zacks Research lowered Coeur Mining from a “strong-buy” rating to a “hold” rating in a research note on Monday, November 24th. TD Cowen upgraded shares of Coeur Mining to a “strong-buy” rating in a report on Monday, December 1st. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Coeur Mining in a report on Monday, December 15th. Roth Capital lifted their target price on shares of Coeur Mining from $20.00 to $23.00 and gave the stock a “buy” rating in a research report on Monday, December 15th. Finally, Cantor Fitzgerald lowered shares of Coeur Mining from an “overweight” rating to a “hold” rating and set a $16.00 price target for the company. in a research report on Thursday, October 30th. Two equities research analysts have rated the stock with a Strong Buy rating, six have given a Buy rating and three have issued a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $16.75.

Coeur Mining Stock Up 6.6%

CDE opened at $18.25 on Friday. The business’s fifty day simple moving average is $16.87 and its 200 day simple moving average is $13.83. Coeur Mining has a 52 week low of $4.58 and a 52 week high of $23.61. The company has a quick ratio of 1.10, a current ratio of 2.00 and a debt-to-equity ratio of 0.11. The stock has a market cap of $11.72 billion, a PE ratio of 27.65 and a beta of 1.33.

Coeur Mining (NYSE:CDE) last issued its quarterly 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). Coeur Mining had a return on equity of 15.52% and a net margin of 24.03%.The firm had revenue of $554.57 million for the quarter, compared to the consensus estimate of $511.20 million. During the same period last year, the firm earned $0.12 EPS. The company’s revenue for the quarter was up 76.9% on a year-over-year basis. As a group, research analysts expect that Coeur Mining will post 0.58 earnings per share for the current fiscal year.

Institutional Trading of Coeur Mining

Institutional investors have recently modified their holdings of the company. Van ECK Associates Corp raised its position in Coeur Mining by 55.8% during the 3rd quarter. Van ECK Associates Corp now owns 66,002,193 shares of the basic materials company’s stock valued at $1,238,201,000 after purchasing an additional 23,646,265 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in shares of Coeur Mining by 72.5% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 18,040,649 shares of the basic materials company’s stock valued at $106,801,000 after acquiring an additional 7,579,901 shares in the last quarter. Tidal Investments LLC raised its holdings in shares of Coeur Mining by 55.3% during the second quarter. Tidal Investments LLC now owns 20,734,671 shares of the basic materials company’s stock valued at $183,709,000 after acquiring an additional 7,382,955 shares in the last quarter. Arrowstreet Capital Limited Partnership lifted its stake in Coeur Mining by 212.0% in the second quarter. Arrowstreet Capital Limited Partnership now owns 10,321,169 shares of the basic materials company’s stock worth $91,446,000 after acquiring an additional 7,013,222 shares during the period. Finally, Pale Fire Capital SE bought a new stake in Coeur Mining in the first quarter valued at $29,143,000. 63.01% of the stock is currently owned by hedge funds and other institutional investors.

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.