Coeur Mining (NYSE:CDE) Stock Rating Upgraded by TD Cowen

Coeur Mining (NYSE:CDE) was upgraded by TD Cowen to a “strong-buy” rating in a research note issued on Tuesday,Zacks.com reports.

Other analysts also recently issued research reports about the stock. Roth Mkm decreased their price objective on shares of Coeur Mining from $8.50 to $8.25 and set a “buy” rating for the company in a report on Friday, February 21st. Cormark raised shares of Coeur Mining to a “moderate buy” rating in a research report on Thursday, February 20th. TD Securities assumed 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. 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. Finally, BMO Capital Markets started coverage on Coeur Mining in a research note on Tuesday, February 18th. They issued an “outperform” rating and a $9.00 price objective on the stock. One analyst has rated the stock with a hold rating, six have given a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Buy” and a consensus price target of $8.05.

Coeur Mining Stock Performance

CDE stock 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 firm has a market cap of $3.65 billion, a PE ratio of 47.63 and a beta of 1.51. The business has a 50 day moving average of $6.16 and a 200-day 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 posted its quarterly earnings data on Wednesday, February 19th. The basic materials company reported $0.11 earnings per share for the quarter, hitting the consensus estimate of $0.11. Coeur Mining had a return on equity of 6.59% and a net margin of 5.59%. The business had revenue of $305.40 million for the quarter, compared to analysts’ expectations of $314.32 million. As a group, sell-side analysts expect that Coeur Mining will post 0.58 earnings per share for the current year.

Insider Transactions at Coeur Mining

In other news, CFO Thomas S. Whelan purchased 10,000 shares of the firm’s stock in a transaction dated Wednesday, February 26th. The shares were purchased at an average price of $5.25 per share, with a total value of $52,500.00. Following the completion of the acquisition, the chief financial officer now owns 668,450 shares in the company, valued at $3,509,362.50. This trade represents a 1.52 % increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through this hyperlink. Insiders own 1.56% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of CDE. Two Sigma Advisers LP increased its holdings in shares of Coeur Mining by 404.6% in the 4th quarter. Two Sigma Advisers LP now owns 5,089,100 shares of the basic materials company’s stock worth $29,110,000 after buying an additional 4,080,600 shares during the last quarter. Jacobs Levy Equity Management Inc. bought a new position in shares of Coeur Mining during the 4th quarter valued at about $21,224,000. Vanguard Group Inc. increased its position in shares of 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 last quarter. Marshall Wace LLP raised its holdings in shares of 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 buying an additional 2,948,880 shares in the last quarter. Finally, Two Sigma Investments LP lifted its position in Coeur Mining by 57.8% in the 4th quarter. Two Sigma Investments LP now owns 7,210,595 shares of the basic materials company’s stock worth $41,245,000 after buying an additional 2,641,310 shares during the last quarter. 63.01% of the stock is currently owned by institutional investors.

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.