Coeur Mining (NYSE:CDE) Now Covered by Analysts at Canadian Imperial Bank of Commerce

Canadian Imperial Bank of Commerce initiated coverage on shares of Coeur Mining (NYSE:CDE) in a research report sent to investors on Tuesday morning, Marketbeat reports. The brokerage issued an outperform rating and a $40.00 price objective on the basic materials company’s stock.

A number of other analysts also recently weighed in on CDE. Canaccord Genuity Group downgraded Coeur Mining from a “buy” rating to a “hold” rating in a research note on Friday, February 20th. Roth Mkm reiterated a “buy” rating and issued a $29.00 price objective on shares of Coeur Mining in a research report on Thursday, February 19th. TD Securities raised their target price on Coeur Mining from $23.00 to $25.00 and gave the company a “buy” rating in a report on Tuesday, November 11th. Zacks Research lowered shares of Coeur Mining from a “strong-buy” rating to a “hold” rating in a research report on Friday, February 20th. Finally, Royal Bank Of Canada upped their price target on shares of Coeur Mining from $22.00 to $26.00 and gave the stock an “outperform” rating in a research note on Thursday, February 12th. Two research analysts have rated the stock with a Strong Buy rating, six have assigned a Buy rating and five have assigned a Hold rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $23.00.

Coeur Mining Trading Up 2.9%

NYSE CDE opened at $23.35 on Tuesday. The company has a quick ratio of 1.66, a current ratio of 2.47 and a debt-to-equity ratio of 0.10. The stock has a market capitalization of $14.99 billion, a P/E ratio of 26.84 and a beta of 1.16. Coeur Mining has a 52-week low of $4.58 and a 52-week high of $27.77. The firm has a 50-day moving average price of $22.49 and a 200 day moving average price of $18.82.

Coeur Mining (NYSE:CDE) last announced its quarterly earnings data on Wednesday, February 18th. The basic materials company reported $0.35 earnings per share for the quarter, missing analysts’ consensus estimates of $0.43 by ($0.08). The business had revenue of $674.85 million during the quarter, compared to analysts’ expectations of $668.70 million. Coeur Mining had a net margin of 28.31% and a return on equity of 18.75%. Coeur Mining’s revenue for the quarter was up 120.9% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.11 EPS. Equities research analysts expect that Coeur Mining will post 0.58 EPS for the current year.

Hedge Funds Weigh In On Coeur Mining

Several hedge funds have recently bought and sold shares of the company. Van ECK Associates Corp boosted its position in Coeur Mining by 55.8% during the third quarter. Van ECK Associates Corp now owns 66,002,193 shares of the basic materials company’s stock worth $1,238,201,000 after purchasing an additional 23,646,265 shares in the last quarter. State Street Corp increased its position in shares of Coeur Mining by 6.7% in the fourth quarter. State Street Corp now owns 24,250,702 shares of the basic materials company’s stock valued at $432,390,000 after buying an additional 1,529,394 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in shares of Coeur Mining by 36.3% during the 3rd quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 23,857,511 shares of the basic materials company’s stock worth $447,567,000 after buying an additional 6,352,828 shares during the last quarter. Tidal Investments LLC raised its stake in shares of Coeur Mining by 55.3% during the 2nd quarter. Tidal Investments LLC now owns 20,734,671 shares of the basic materials company’s stock worth $183,709,000 after buying an additional 7,382,955 shares during the last quarter. Finally, Geode Capital Management LLC boosted its position in shares of Coeur Mining by 3.5% in the 4th quarter. Geode Capital Management LLC now owns 15,586,550 shares of the basic materials company’s stock worth $277,953,000 after buying an additional 524,646 shares in the last quarter. 63.01% of the stock is 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.