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

TD Securities started coverage on shares of Coeur Mining (NYSE:CDE) in a research report sent to investors on Tuesday morning, MarketBeat Ratings reports. The firm issued a buy rating and a $7.00 target price on the basic materials company’s stock.

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

Coeur Mining Stock Up 6.5 %

Coeur Mining stock opened at $5.47 on Tuesday. Coeur Mining has a fifty-two week low of $2.98 and a fifty-two week high of $7.72. The stock has a market cap of $3.49 billion, a PE ratio of 45.55 and a beta of 1.51. The firm’s 50-day simple moving average is $6.16 and its 200 day simple moving average is $6.35. 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 (NYSE:CDE) last announced its 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. Coeur Mining had a return on equity of 6.59% and a net margin of 5.59%. The firm had revenue of $305.40 million for the quarter, compared to the consensus estimate of $314.32 million. Research analysts predict that Coeur Mining will post 0.58 EPS for the current fiscal year.

Insider Activity at Coeur Mining

In related news, CFO Thomas S. Whelan acquired 10,000 shares of the stock in a transaction dated Wednesday, February 26th. The shares were purchased at an average price of $5.25 per share, for a total transaction of $52,500.00. Following the transaction, the chief financial officer now owns 668,450 shares in the company, valued at $3,509,362.50. This represents a 1.52 % increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available through the SEC website. 1.56% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Coeur Mining

A number of large investors have recently added to or reduced their stakes in CDE. GAMMA Investing LLC raised its stake in shares of Coeur Mining by 139.8% during the fourth quarter. GAMMA Investing LLC now owns 5,761 shares of the basic materials company’s stock worth $33,000 after acquiring an additional 3,359 shares in the last quarter. Quarry LP raised its position in Coeur Mining by 853.8% in the 4th quarter. Quarry LP now owns 6,667 shares of the basic materials company’s stock worth $38,000 after purchasing an additional 5,968 shares during the period. Optiver Holding B.V. raised its position in Coeur Mining by 150.5% in the 4th quarter. Optiver Holding B.V. now owns 8,160 shares of the basic materials company’s stock worth $47,000 after purchasing an additional 4,903 shares during the period. FNY Investment Advisers LLC purchased a new position in Coeur Mining in the 4th quarter worth $57,000. Finally, ZEGA Investments LLC purchased a new position in Coeur Mining in the 4th quarter worth $64,000. Hedge funds and other institutional investors own 63.01% of the company’s stock.

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.