Coeur Mining (NYSE:CDE) Upgraded by Cantor Fitzgerald to Strong-Buy Rating

Cantor Fitzgerald upgraded shares of Coeur Mining (NYSE:CDE - Free Report) from a hold rating to a strong-buy rating in a research report report published on Thursday morning,Zacks.com reports.

A number of other analysts have also recently issued reports on CDE. StockNews.com upgraded shares of Coeur Mining from a "sell" rating to a "hold" rating in a research note on Friday. Raymond James boosted their price objective on shares of Coeur Mining from $6.25 to $7.00 and gave the stock a "market perform" rating in a research note on Friday, September 20th. Roth Mkm reaffirmed a "buy" rating and set a $8.50 target price (down previously from $9.00) on shares of Coeur Mining in a research report on Friday. Canaccord Genuity Group boosted their price target on shares of Coeur Mining from $7.00 to $7.75 and gave the company a "buy" rating in a report on Tuesday, October 8th. Finally, BMO Capital Markets boosted their target price on shares of Coeur Mining from $7.50 to $8.00 and gave the company an "outperform" rating in a research note on Monday, September 23rd. Two investment analysts have rated the stock with a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $7.81.

Coeur Mining Stock Performance

Shares of NYSE CDE remained flat at $6.59 during mid-day trading on Thursday. 11,276,482 shares of the stock were exchanged, compared to its average volume of 10,101,633. The company has a quick ratio of 0.45, a current ratio of 1.20 and a debt-to-equity ratio of 0.59. The stock has a market capitalization of $2.63 billion, a P/E ratio of -219.59 and a beta of 1.65. The business has a 50-day simple moving average of $6.56 and a two-hundred day simple moving average of $6.02. Coeur Mining has a 1-year low of $2.00 and a 1-year high of $7.72.

Coeur Mining (NYSE:CDE - Get Free Report) last posted its quarterly earnings results on Wednesday, November 6th. The basic materials company reported $0.12 EPS for the quarter, topping the consensus estimate of $0.07 by $0.05. The business had revenue of $313.50 million during the quarter, compared to analysts' expectations of $289.19 million. Coeur Mining had a negative net margin of 0.44% and a positive return on equity of 1.81%. The firm's quarterly revenue was up 61.1% compared to the same quarter last year. During the same period last year, the company posted ($0.05) earnings per share. Sell-side analysts forecast that Coeur Mining will post 0.14 earnings per share for the current fiscal year.

Institutional Trading of Coeur Mining

A number of institutional investors and hedge funds have recently modified their holdings of CDE. Tidal Investments LLC bought a new stake in shares of Coeur Mining in the 1st quarter valued at about $41,587,000. American Century Companies Inc. increased its stake in shares of Coeur Mining by 248.1% in the 2nd quarter. American Century Companies Inc. now owns 6,463,587 shares of the basic materials company's stock valued at $36,325,000 after acquiring an additional 4,606,711 shares during the last quarter. M&G Plc bought a new stake in shares of Coeur Mining in the 2nd quarter valued at about $9,966,000. Renaissance Technologies LLC bought a new stake in shares of Coeur Mining in the 2nd quarter valued at about $4,822,000. Finally, Janus Henderson Group PLC increased its stake in shares of Coeur Mining by 18.5% in the 1st quarter. Janus Henderson Group PLC now owns 2,723,185 shares of the basic materials company's stock valued at $10,254,000 after acquiring an additional 424,835 shares during the last quarter. 63.01% of the stock is owned by institutional investors.

About Coeur Mining

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.