Coeur Mining (NYSE:CDE) Upgraded by Zacks Research to Strong-Buy Rating

Coeur Mining (NYSE:CDE) was upgraded by equities researchers at Zacks Research from a “hold” rating to a “strong-buy” rating in a research report issued to clients and investors on Monday,Zacks.com reports.

A number of other brokerages have also recently issued reports on CDE. Wall Street Zen upgraded Coeur Mining from a “hold” rating to a “buy” rating in a research note on Sunday, December 21st. Raymond James Financial set a $21.00 price target on shares of Coeur Mining in a research note on Thursday, October 30th. TD Cowen raised shares of Coeur Mining to a “strong-buy” rating in a research report on Monday, December 1st. Cantor Fitzgerald cut shares of Coeur Mining from an “overweight” rating to a “hold” rating and set a $16.00 target price on the stock. in a report on Thursday, October 30th. Finally, TD Securities lifted their price target on Coeur Mining from $23.00 to $25.00 and gave the stock a “buy” rating in a report on Tuesday, November 11th. Three equities research analysts have rated the stock with a Strong Buy rating, six have assigned a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Buy” and a consensus target price of $16.75.

Coeur Mining Stock Down 1.3%

Shares of CDE stock opened at $18.08 on Monday. The firm’s fifty day moving average price is $16.50 and its two-hundred day moving average price is $14.33. The company has a current ratio of 2.00, a quick ratio of 1.10 and a debt-to-equity ratio of 0.11. Coeur Mining has a 1 year low of $4.58 and a 1 year high of $23.61. The firm has a market capitalization of $11.61 billion, a P/E ratio of 27.40 and a beta of 1.33.

Coeur Mining (NYSE:CDE) last posted its quarterly earnings data on Wednesday, October 29th. The basic materials company reported $0.23 EPS for the quarter, missing analysts’ consensus estimates of $0.25 by ($0.02). The business had revenue of $554.57 million for the quarter, compared to analyst estimates of $511.20 million. Coeur Mining had a return on equity of 15.52% and a net margin of 24.03%.The company’s quarterly revenue was up 76.9% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.12 earnings per share. On average, equities analysts predict that Coeur Mining will post 0.58 EPS for the current fiscal year.

Hedge Funds Weigh In On Coeur Mining

Large investors have recently made changes to their positions in the company. Savant Capital LLC grew its holdings in Coeur Mining by 2.3% in the 3rd quarter. Savant Capital LLC now owns 46,551 shares of the basic materials company’s stock valued at $873,000 after buying an additional 1,066 shares in the last quarter. Ameritas Investment Partners Inc. boosted its position in shares of Coeur Mining by 1.8% in the second quarter. Ameritas Investment Partners Inc. now owns 65,416 shares of the basic materials company’s stock valued at $580,000 after acquiring an additional 1,183 shares during the period. Zacks Investment Management grew its stake in shares of Coeur Mining by 0.8% in the third quarter. Zacks Investment Management now owns 165,988 shares of the basic materials company’s stock valued at $3,114,000 after acquiring an additional 1,246 shares in the last quarter. Vise Technologies Inc. increased its position in Coeur Mining by 8.3% during the third quarter. Vise Technologies Inc. now owns 16,300 shares of the basic materials company’s stock worth $306,000 after acquiring an additional 1,255 shares during the period. Finally, BFI Infinity Ltd. raised its stake in Coeur Mining by 3.2% in the 2nd quarter. BFI Infinity Ltd. now owns 43,560 shares of the basic materials company’s stock worth $386,000 after purchasing an additional 1,355 shares in the last quarter. 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.