Coeur Mining (NYSE:CDE) Upgraded by Zacks Research to Hold Rating

Zacks Research upgraded shares of Coeur Mining (NYSE:CDE) from a strong sell rating to a hold rating in a research report released on Monday,Zacks.com reports.

CDE has been the topic of several other reports. Canaccord Genuity Group upgraded shares of Coeur Mining from a “hold” rating to a “buy” rating and set a $26.00 price objective on the stock in a report on Wednesday, April 29th. Wall Street Zen downgraded Coeur Mining from a “buy” rating to a “hold” rating in a report on Saturday, May 9th. Scotiabank cut their price target on shares of Coeur Mining from $28.50 to $26.50 and set an “outperform” rating on the stock in a research note on Friday, August 7th. Weiss Ratings restated a “hold (c+)” rating on shares of Coeur Mining in a report on Wednesday, June 24th. Finally, Roth Capital set a $19.00 target price on shares of Coeur Mining in a report on Friday, August 7th. One research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and four have assigned a Hold rating to the stock. Based on data from MarketBeat.com, Coeur Mining currently has a consensus rating of “Moderate Buy” and a consensus target price of $25.50.

Coeur Mining Stock Performance

Shares of CDE stock opened at $18.52 on Monday. The business has a fifty day moving average of $16.50 and a 200 day moving average of $18.84. The company has a debt-to-equity ratio of 0.07, a current ratio of 3.65 and a quick ratio of 2.44. The firm has a market capitalization of $19.04 billion, a price-to-earnings ratio of 15.83 and a beta of 1.32. Coeur Mining has a 1 year low of $11.23 and a 1 year high of $27.77.

Coeur Mining (NYSE:CDE) last posted its earnings results on Wednesday, August 5th. The basic materials company reported $0.12 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.26 by ($0.14). The firm had revenue of $1.09 billion for the quarter, compared to analysts’ expectations of $1.24 billion. Coeur Mining had a return on equity of 11.03% and a net margin of 26.82%.The company’s revenue was up 125.8% compared to the same quarter last year. During the same period in the previous year, the company earned $0.20 earnings per share. As a group, research analysts expect that Coeur Mining will post 0.95 earnings per share for the current year.

Insider Activity at Coeur Mining

In related news, CAO Kenneth J. Watkinson sold 39,000 shares of the stock in a transaction dated Monday, June 1st. The shares were sold at an average price of $18.60, for a total value of $725,400.00. Following the sale, the chief accounting officer directly owned 77,204 shares of the company’s stock, valued at approximately $1,435,994.40. This represents a 33.56% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.90% of the stock is owned by company insiders.

Institutional Investors Weigh In On Coeur Mining

Several hedge funds have recently modified their holdings of CDE. Versant Capital Management Inc increased its position in shares of Coeur Mining by 105.0% in the second quarter. Versant Capital Management Inc now owns 1,601 shares of the basic materials company’s stock worth $26,000 after acquiring an additional 820 shares in the last quarter. Ancora Advisors LLC purchased a new position in Coeur Mining in the second quarter valued at about $26,000. Triumph Capital Management boosted its position in shares of Coeur Mining by 300.0% in the fourth quarter. Triumph Capital Management now owns 1,600 shares of the basic materials company’s stock worth $29,000 after buying an additional 1,200 shares during the period. EverSource Wealth Advisors LLC boosted its position in shares of Coeur Mining by 74.2% in the second quarter. EverSource Wealth Advisors LLC now owns 3,368 shares of the basic materials company’s stock worth $30,000 after buying an additional 1,435 shares during the period. Finally, Kingdom Financial Group LLC. acquired a new stake in shares of Coeur Mining in the fourth quarter valued at about $32,000. 63.01% of the stock is owned by institutional investors and hedge funds.

Coeur Mining Company Profile

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.