Coeur Mining (NYSE:CDE) Upgraded to Strong-Buy at Cantor Fitzgerald

Coeur Mining (NYSE:CDE) was upgraded by research analysts at Cantor Fitzgerald from a “hold” rating to a “strong-buy” rating in a research note issued on Thursday,Zacks.com reports.

Several other analysts also recently issued reports on the stock. Raymond James increased their price objective on shares of Coeur Mining from $6.25 to $7.00 and gave the company a “market perform” rating in a research report on Friday, September 20th. Roth Mkm reaffirmed a “buy” rating and set a $8.50 price target (down from $9.00) on shares of Coeur Mining in a report on Friday. StockNews.com upgraded shares of Coeur Mining from a “sell” rating to a “hold” rating in a report on Friday. BMO Capital Markets raised their target price on Coeur Mining from $7.50 to $8.00 and gave the company an “outperform” rating in a research note on Monday, September 23rd. Finally, Canaccord Genuity Group increased their price target on Coeur Mining from $7.00 to $7.75 and gave the company a “buy” rating in a report on Tuesday, October 8th. Two analysts have rated the stock with a hold rating, four have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $7.81.

Coeur Mining Stock Performance

Shares of CDE stock opened at $6.59 on Thursday. The company has a current ratio of 1.20, a quick ratio of 0.45 and a debt-to-equity ratio of 0.59. The company has a market cap of $2.63 billion, a PE ratio of -219.67 and a beta of 1.65. The company’s fifty day simple moving average is $6.56 and its 200-day simple moving average is $6.02. Coeur Mining has a 52 week low of $2.00 and a 52 week high of $7.72.

Coeur Mining (NYSE:CDE) last released its quarterly earnings data on Wednesday, November 6th. The basic materials company reported $0.12 EPS for the quarter, beating the consensus estimate of $0.07 by $0.05. Coeur Mining had a negative return on equity of 4.59% and a negative net margin of 8.33%. The company had revenue of $313.50 million for the quarter, compared to analyst estimates of $289.19 million. During the same period last year, the company posted ($0.05) earnings per share. The firm’s revenue was up 61.1% compared to the same quarter last year. As a group, equities research analysts anticipate that Coeur Mining will post 0.14 EPS for the current year.

Institutional Trading of Coeur Mining

Several institutional investors and hedge funds have recently bought and sold shares of CDE. Janus Henderson Group PLC increased its holdings in shares of Coeur Mining by 18.5% in the 1st quarter. Janus Henderson Group PLC now owns 2,723,185 shares of the basic materials company’s stock valued at $10,254,000 after acquiring an additional 424,835 shares during the last quarter. BNP Paribas Financial Markets increased its stake in Coeur Mining by 149.1% during the first quarter. BNP Paribas Financial Markets now owns 323,988 shares of the basic materials company’s stock valued at $1,221,000 after purchasing an additional 193,912 shares during the last quarter. Van ECK Associates Corp raised its holdings in shares of Coeur Mining by 1.1% during the third quarter. Van ECK Associates Corp now owns 34,469,783 shares of the basic materials company’s stock worth $251,629,000 after purchasing an additional 365,115 shares during the period. SG Americas Securities LLC lifted its position in shares of Coeur Mining by 247.7% in the 1st quarter. SG Americas Securities LLC now owns 113,038 shares of the basic materials company’s stock worth $426,000 after buying an additional 80,531 shares during the last quarter. Finally, AQR Capital Management LLC boosted its holdings in shares of Coeur Mining by 84.6% in the 2nd quarter. AQR Capital Management LLC now owns 487,609 shares of the basic materials company’s stock valued at $2,740,000 after buying an additional 223,529 shares during the period. Institutional investors and hedge funds own 63.01% of the company’s stock.

Coeur Mining Company Profile

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.