Coeur Mining (NYSE:CDE) Reaches New 12-Month High on Analyst Upgrade

Coeur Mining, Inc. (NYSE:CDE) shares hit a new 52-week high during trading on Wednesday after Roth Mkm raised their price target on the stock from $8.00 to $8.50. Roth Mkm currently has a buy rating on the stock. Coeur Mining traded as high as $7.64 and last traded at $7.57, with a volume of 600299 shares. The stock had previously closed at $7.47.

A number of other research firms have also weighed in on CDE. Raymond James raised their price target on shares of Coeur Mining from $6.25 to $7.00 and gave the company a “market perform” rating in a research report on Friday, September 20th. Cantor Fitzgerald cut shares of Coeur Mining from an “overweight” rating to a “neutral” rating in a research report on Thursday, August 8th. Finally, BMO Capital Markets boosted their target price on Coeur Mining from $7.50 to $8.00 and gave the stock an “outperform” rating in a research note on Monday. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat, Coeur Mining presently has an average rating of “Hold” and a consensus price target of $7.83.

Institutional Trading of Coeur Mining

Several hedge funds have recently added to or reduced their stakes in the stock. BNP Paribas Financial Markets increased its stake in shares of Coeur Mining by 24.2% during the 4th quarter. BNP Paribas Financial Markets now owns 130,076 shares of the basic materials company’s stock worth $424,000 after purchasing an additional 25,303 shares during the last quarter. Evoke Wealth LLC bought a new stake in shares of Coeur Mining in the fourth quarter valued at $64,000. Sprott Inc. lifted its position in shares of Coeur Mining by 71.2% during the 4th quarter. Sprott Inc. now owns 741,005 shares of the basic materials company’s stock valued at $2,416,000 after buying an additional 308,068 shares during the last quarter. Vanguard Group Inc. grew its stake in shares of Coeur Mining by 12.5% during the 4th quarter. Vanguard Group Inc. now owns 35,854,316 shares of the basic materials company’s stock worth $116,885,000 after acquiring an additional 3,989,352 shares during the period. Finally, Marotta Asset Management grew its stake in shares of Coeur Mining by 50.0% during the 1st quarter. Marotta Asset Management now owns 15,000 shares of the basic materials company’s stock worth $57,000 after acquiring an additional 5,000 shares during the period. Institutional investors own 63.01% of the company’s stock.

Coeur Mining Trading Up 1.1 %

The firm has a fifty day moving average of $6.16 and a two-hundred day moving average of $5.43. The company has a market cap of $3.00 billion, a PE ratio of -24.23 and a beta of 1.64. The company has a current ratio of 1.20, a quick ratio of 0.45 and a debt-to-equity ratio of 0.59.

Coeur Mining (NYSE:CDE) last posted its earnings results on Wednesday, August 7th. The basic materials company reported ($0.01) earnings per share for the quarter, topping the consensus estimate of ($0.02) by $0.01. The firm had revenue of $222.03 million during the quarter, compared to the consensus estimate of $242.18 million. Coeur Mining had a negative net margin of 8.33% and a negative return on equity of 4.59%. The company’s revenue was up 25.3% on a year-over-year basis. During the same quarter last year, the company earned ($0.06) earnings per share. As a group, sell-side analysts predict that Coeur Mining, Inc. will post 0.08 EPS for the current year.

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.