Coeur Mining (NYSE:CDE) Price Target Raised to $26.00

Coeur Mining (NYSE:CDE) had its target price increased by Royal Bank Of Canada from $22.00 to $26.00 in a research note released on Thursday morning, MarketBeat reports. They currently have an outperform rating on the basic materials company’s stock.

Several other brokerages have also recently weighed in on CDE. TD Cowen raised shares of Coeur Mining to a “strong-buy” rating in a research note on Monday, December 1st. Roth Mkm raised their target price on shares of Coeur Mining from $20.00 to $23.00 and gave the company a “buy” rating in a research report on Monday, December 15th. Cormark cut shares of Coeur Mining from a “moderate buy” rating to a “hold” rating in a research report on Wednesday, October 29th. Wall Street Zen upgraded Coeur Mining from a “hold” rating to a “buy” rating in a report on Sunday, December 21st. Finally, Zacks Research raised Coeur Mining from a “hold” rating to a “strong-buy” rating in a research report on Monday, December 29th. Three analysts have rated the stock with a Strong Buy rating, six have assigned a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat, Coeur Mining has a consensus rating of “Buy” and a consensus price target of $19.29.

Coeur Mining Trading Up 7.2%

Shares of NYSE:CDE opened at $22.45 on Thursday. The firm has a market cap of $14.42 billion, a price-to-earnings ratio of 34.02 and a beta of 1.21. Coeur Mining has a 12 month low of $4.58 and a 12 month high of $27.77. The company’s fifty day simple moving average is $20.29 and its 200 day simple moving average is $17.18. The company has a quick ratio of 1.10, a current ratio of 2.00 and a debt-to-equity ratio of 0.11.

Hedge Funds Weigh In On Coeur Mining

Large investors have recently modified their holdings of the stock. Van ECK Associates Corp boosted its stake in Coeur Mining by 55.8% during the third quarter. Van ECK Associates Corp now owns 66,002,193 shares of the basic materials company’s stock worth $1,238,201,000 after buying an additional 23,646,265 shares during the period. Tidal Investments LLC boosted its stake in shares of Coeur Mining by 55.3% during the 2nd quarter. Tidal Investments LLC now owns 20,734,671 shares of the basic materials company’s stock worth $183,709,000 after purchasing an additional 7,382,955 shares during the period. Norges Bank bought a new position in Coeur Mining during the 4th quarter valued at about $128,389,000. Arrowstreet Capital Limited Partnership raised its position in Coeur Mining by 212.0% in the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 10,321,169 shares of the basic materials company’s stock worth $91,446,000 after purchasing an additional 7,013,222 shares during the period. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in Coeur Mining by 36.3% in the 3rd quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 23,857,511 shares of the basic materials company’s stock worth $447,567,000 after purchasing an additional 6,352,828 shares during the period. Institutional investors own 63.01% of the company’s stock.

About Coeur Mining

Coeur Mining, Inc is a publicly traded precious metals mining company headquartered in Chicago, Illinois. The company specializes in the exploration, development and production of silver and gold deposits, with a focus on high-grade underground and open-pit operations. Through a combination of operating mines and advanced exploration projects, Coeur Mining seeks to deliver consistent production of silver and gold bullion while maintaining industry standards for safety, environmental stewardship and cost management.

Coeur Mining’s portfolio includes five principal operating mines and several exploration projects across North America and Australia.