Coeur Mining (NYSE:CDE) Upgraded at Cormark

Cormark upgraded shares of Coeur Mining (NYSE:CDE) to a moderate buy rating in a research report released on Thursday,Zacks.com reports.

Several other analysts have also weighed in on CDE. Roth Mkm restated a “buy” rating and issued a $8.50 price objective (down previously from $9.00) on shares of Coeur Mining in a report on Friday, November 8th. StockNews.com upgraded Coeur Mining from a “sell” rating to a “hold” rating in a report on Friday, November 8th. Cantor Fitzgerald upgraded Coeur Mining from a “hold” rating to a “strong-buy” rating in a report on Thursday, November 7th. Finally, BMO Capital Markets started coverage on Coeur Mining in a report on Tuesday, February 18th. They issued an “outperform” rating and a $9.00 price objective for the company. One analyst has rated the stock with a hold rating, five have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Buy” and a consensus target price of $8.31.

Coeur Mining Trading Down 10.7 %

Shares of CDE stock opened at $5.45 on Thursday. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.39 and a current ratio of 0.83. Coeur Mining has a 1 year low of $2.42 and a 1 year high of $7.72. The stock has a fifty day moving average of $6.31 and a two-hundred day moving average of $6.40. The firm has a market capitalization of $2.17 billion, a PE ratio of 45.38 and a beta of 1.59.

Coeur Mining (NYSE:CDE) last announced its quarterly earnings results on Wednesday, February 19th. The basic materials company reported $0.11 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.11. Coeur Mining had a return on equity of 6.59% and a net margin of 5.59%. The company had revenue of $305.40 million during the quarter, compared to analyst estimates of $314.32 million. As a group, research analysts expect that Coeur Mining will post 0.58 EPS for the current year.

Institutional Trading of Coeur Mining

Several hedge funds have recently added to or reduced their stakes in CDE. Two Sigma Advisers LP boosted its stake in Coeur Mining by 404.6% during the 4th quarter. Two Sigma Advisers LP now owns 5,089,100 shares of the basic materials company’s stock valued at $29,110,000 after purchasing an additional 4,080,600 shares during the period. Jacobs Levy Equity Management Inc. bought a new stake in Coeur Mining during the 4th quarter valued at approximately $21,224,000. Vanguard Group Inc. boosted its stake in Coeur Mining by 8.5% during the 4th quarter. Vanguard Group Inc. now owns 40,700,218 shares of the basic materials company’s stock valued at $232,805,000 after purchasing an additional 3,178,785 shares during the period. Marshall Wace LLP boosted its stake in Coeur Mining by 12,934.3% during the 4th quarter. Marshall Wace LLP now owns 2,971,679 shares of the basic materials company’s stock valued at $16,998,000 after purchasing an additional 2,948,880 shares during the period. Finally, Two Sigma Investments LP boosted its stake in Coeur Mining by 57.8% during the 4th quarter. Two Sigma Investments LP now owns 7,210,595 shares of the basic materials company’s stock valued at $41,245,000 after purchasing an additional 2,641,310 shares during the period. 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.