Coeur Mining (NYSE:CDE) Upgraded to “Strong-Buy” at TD Cowen

TD Cowen upgraded shares of Coeur Mining (NYSE:CDE) to a strong-buy rating in a research note issued to investors on Tuesday morning,Zacks.com reports.

A number of other equities analysts also recently weighed in on CDE. Cormark upgraded Coeur Mining to a “moderate buy” rating in a research note on Thursday, February 20th. BMO Capital Markets started coverage on Coeur Mining in a research report on Tuesday, February 18th. They issued an “outperform” rating and a $9.00 price objective on the stock. Roth Mkm decreased their target price on Coeur Mining from $8.50 to $8.25 and set a “buy” rating for the company in a research report on Friday, February 21st. TD Securities began coverage on shares of Coeur Mining in a report on Tuesday. They issued a “buy” rating and a $7.00 price target on the stock. Finally, Raymond James upgraded shares of Coeur Mining from a “market perform” rating to an “outperform” rating and decreased their price objective for the stock from $8.75 to $8.25 in a report on Friday, February 21st. One investment analyst has rated the stock with a hold rating, six have issued a buy rating and two have given a strong buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Buy” and an average target price of $8.05.

Coeur Mining Trading Up 6.5 %

NYSE CDE opened at $5.47 on Tuesday. The company has a current ratio of 0.83, a quick ratio of 0.39 and a debt-to-equity ratio of 0.50. The firm has a market capitalization of $3.49 billion, a P/E ratio of 45.55 and a beta of 1.51. The business has a fifty day simple moving average of $6.16 and a 200 day simple moving average of $6.35. Coeur Mining has a 12 month low of $2.98 and a 12 month high of $7.72.

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

Insider Activity

In other Coeur Mining news, CFO Thomas S. Whelan bought 10,000 shares of the stock in a transaction on Wednesday, February 26th. The shares were acquired at an average price of $5.25 per share, with a total value of $52,500.00. Following the acquisition, the chief financial officer now directly owns 668,450 shares of the company’s stock, valued at $3,509,362.50. The trade was a 1.52 % increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 1.56% of the company’s stock.

Hedge Funds Weigh In On Coeur Mining

A number of large investors have recently made changes to their positions in CDE. GAMMA Investing LLC lifted its holdings in Coeur Mining by 139.8% during the 4th quarter. GAMMA Investing LLC now owns 5,761 shares of the basic materials company’s stock worth $33,000 after purchasing an additional 3,359 shares in the last quarter. Quarry LP lifted its holdings in shares of Coeur Mining by 853.8% in the fourth quarter. Quarry LP now owns 6,667 shares of the basic materials company’s stock worth $38,000 after buying an additional 5,968 shares in the last quarter. Optiver Holding B.V. grew its stake in Coeur Mining by 150.5% during the fourth quarter. Optiver Holding B.V. now owns 8,160 shares of the basic materials company’s stock valued at $47,000 after acquiring an additional 4,903 shares in the last quarter. FNY Investment Advisers LLC purchased a new position in Coeur Mining during the fourth quarter valued at approximately $57,000. Finally, ZEGA Investments LLC bought a new stake in Coeur Mining during the 4th quarter worth approximately $64,000. 63.01% of the stock is owned by institutional investors.

About Coeur Mining

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.