Coeur Mining (NYSE:CDE) Coverage Initiated at TD Securities

TD Securities started coverage on shares of Coeur Mining (NYSE:CDE) in a note issued to investors on Tuesday, MarketBeat.com reports. The firm set a “buy” rating and a $7.00 price target on the basic materials company’s stock. TD Securities’ target price would indicate a potential upside of 22.48% from the stock’s previous close.

CDE has been the subject of several other research reports. BMO Capital Markets assumed coverage on shares of Coeur Mining in a research report on Tuesday, February 18th. They issued an “outperform” rating and a $9.00 price objective for the company. Roth Mkm dropped their price objective on shares of Coeur Mining from $8.50 to $8.25 and set a “buy” rating for the company in a research report on Friday, February 21st. Cormark raised shares of Coeur Mining to a “moderate buy” rating in a research report on Thursday, February 20th. Finally, Raymond James raised shares of Coeur Mining from a “market perform” rating to an “outperform” rating and dropped their price objective for the stock from $8.75 to $8.25 in a research report on Friday, February 21st. One investment analyst has rated the stock with a hold rating, six have assigned a buy rating and two have given a strong buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus target price of $8.05.

Coeur Mining Stock Performance

NYSE:CDE opened at $5.72 on Tuesday. The company has a quick ratio of 0.39, a current ratio of 0.83 and a debt-to-equity ratio of 0.50. The company has a market cap of $3.65 billion, a P/E ratio of 47.63 and a beta of 1.51. Coeur Mining has a fifty-two week low of $2.98 and a fifty-two week high of $7.72. The firm’s 50 day moving average is $6.16 and its two-hundred day moving average is $6.35.

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

Insider Activity at Coeur Mining

In other news, CFO Thomas S. Whelan purchased 10,000 shares of the stock in a transaction that occurred on Wednesday, February 26th. The stock was acquired at an average cost of $5.25 per share, with a total value of $52,500.00. Following the acquisition, the chief financial officer now owns 668,450 shares in the company, valued at approximately $3,509,362.50. This trade represents a 1.52 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Company insiders own 1.56% of the company’s stock.

Institutional Investors Weigh In On Coeur Mining

A number of large investors have recently added to or reduced their stakes in CDE. Jennison Associates LLC bought a new stake in shares of Coeur Mining in the 3rd quarter worth about $579,000. JPMorgan Chase & Co. increased its position in shares of Coeur Mining by 88.3% in the 3rd quarter. JPMorgan Chase & Co. now owns 1,418,716 shares of the basic materials company’s stock worth $9,761,000 after purchasing an additional 665,452 shares during the last quarter. XTX Topco Ltd bought a new stake in shares of Coeur Mining in the 3rd quarter worth about $1,311,000. BNP Paribas Financial Markets increased its position in shares of Coeur Mining by 180.7% in the 3rd quarter. BNP Paribas Financial Markets now owns 310,577 shares of the basic materials company’s stock worth $2,137,000 after purchasing an additional 199,919 shares during the last quarter. Finally, Intech Investment Management LLC bought a new stake in shares of Coeur Mining in the 3rd quarter worth about $642,000. 63.01% of the stock is owned by institutional investors and hedge funds.

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.