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

Cantor Fitzgerald upgraded shares of Coeur Mining (NYSE:CDE) from a hold rating to a strong-buy rating in a research report report published on Thursday,Zacks.com reports.

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

Coeur Mining Price Performance

CDE stock opened at $6.59 on Thursday. Coeur Mining has a twelve month low of $2.00 and a twelve month high of $7.72. The company has a market cap of $2.63 billion, a PE ratio of -219.59 and a beta of 1.65. The business’s 50-day simple moving average is $6.56 and its 200 day simple moving average is $6.02. The company has a quick ratio of 0.45, a current ratio of 1.20 and a debt-to-equity ratio of 0.59.

Coeur Mining (NYSE:CDE) last released its earnings results on Wednesday, November 6th. The basic materials company reported $0.12 earnings per share for the quarter, topping analysts’ consensus estimates of $0.07 by $0.05. Coeur Mining had a positive return on equity of 1.81% and a negative net margin of 0.44%. The business had revenue of $313.50 million for the quarter, compared to the consensus estimate of $289.19 million. During the same period last year, the business earned ($0.05) earnings per share. The firm’s revenue for the quarter was up 61.1% compared to the same quarter last year. On average, research analysts anticipate that Coeur Mining will post 0.14 earnings per share for the current year.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of CDE. Tidal Investments LLC bought a new position in shares of Coeur Mining in the first quarter valued at approximately $41,587,000. American Century Companies Inc. raised its position in Coeur Mining by 248.1% in the 2nd quarter. American Century Companies Inc. now owns 6,463,587 shares of the basic materials company’s stock worth $36,325,000 after purchasing an additional 4,606,711 shares during the last quarter. M&G Plc bought a new position in Coeur Mining in the 2nd quarter worth approximately $9,966,000. Renaissance Technologies LLC bought a new position in Coeur Mining in the 2nd quarter worth approximately $4,822,000. Finally, Janus Henderson Group PLC raised its position in 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 worth $10,254,000 after purchasing an additional 424,835 shares during the last quarter. Institutional investors 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.