Coeur Mining (NYSE:CDE) Upgraded by Raymond James to Outperform Rating

Raymond James upgraded shares of Coeur Mining (NYSE:CDE) from a market perform rating to an outperform rating in a report issued on Friday morning, Marketbeat Ratings reports. They currently have $8.25 target price on the basic materials company’s stock, down from their prior target price of $8.75.

CDE has been the topic of several other research reports. StockNews.com raised Coeur Mining from a “sell” rating to a “hold” rating in a research report on Friday, November 8th. Cormark upgraded shares of Coeur Mining to a “moderate buy” rating in a research note on Thursday. BMO Capital Markets began coverage on Coeur Mining in a research report on Tuesday. They set an “outperform” rating and a $9.00 price objective on the stock. Roth Mkm reaffirmed a “buy” rating and set a $8.50 price target (down previously from $9.00) on shares of Coeur Mining in a research note on Friday, November 8th. Finally, Cantor Fitzgerald upgraded shares of Coeur Mining from a “hold” rating to a “strong-buy” rating in a report on Thursday, November 7th. One analyst has rated the stock with a hold rating, five have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Buy” and a consensus target price of $8.31.

Coeur Mining Price Performance

NYSE:CDE opened at $5.45 on Friday. Coeur Mining has a 52-week low of $2.42 and a 52-week high of $7.72. The company has a market cap of $2.17 billion, a P/E ratio of 45.38 and a beta of 1.59. The company has a debt-to-equity ratio of 0.53, a quick ratio of 0.39 and a current ratio of 1.09. The stock’s 50-day simple moving average is $6.33 and its 200 day simple moving average is $6.39.

Coeur Mining (NYSE:CDE) last announced its quarterly earnings results on Wednesday, February 19th. The basic materials company reported $0.11 EPS 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 6.71%. The firm had revenue of $305.40 million during the quarter, compared to analysts’ expectations of $314.32 million. As a group, sell-side analysts forecast that Coeur Mining will post 0.58 EPS for the current fiscal year.

Institutional Trading of Coeur Mining

Large investors have recently made changes to their positions in the company. CWM LLC raised its stake in Coeur Mining by 93.2% during the 3rd quarter. CWM LLC now owns 9,716 shares of the basic materials company’s stock worth $67,000 after buying an additional 4,686 shares during the period. Creative Planning grew its position in Coeur Mining by 27.7% in the 3rd quarter. Creative Planning now owns 41,046 shares of the basic materials company’s stock valued at $282,000 after purchasing an additional 8,914 shares during the period. International Assets Investment Management LLC acquired a new position in Coeur Mining during the 3rd quarter valued at about $142,000. Assenagon Asset Management S.A. increased its stake in Coeur Mining by 37.5% in the 3rd quarter. Assenagon Asset Management S.A. now owns 437,322 shares of the basic materials company’s stock valued at $3,009,000 after buying an additional 119,345 shares during the last quarter. Finally, Ballentine Partners LLC raised its stake in shares of Coeur Mining by 31.8% during the 3rd quarter. Ballentine Partners LLC now owns 19,021 shares of the basic materials company’s stock worth $131,000 after purchasing an additional 4,586 shares during the period. 63.01% of the stock is currently 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.