Cormark upgraded shares of Coeur Mining (NYSE:CDE - Free Report) to a moderate buy rating in a research report report published on Thursday,Zacks.com reports.
A number of other equities research analysts have also recently weighed in on the company. Roth Mkm restated a "buy" rating and issued a $8.50 price target (down previously from $9.00) on shares of Coeur Mining in a research note on Friday, November 8th. BMO Capital Markets began coverage on shares of Coeur Mining in a research report on Tuesday, February 18th. They issued an "outperform" rating and a $9.00 price objective on the stock. Cantor Fitzgerald upgraded shares of Coeur Mining from a "hold" rating to a "strong-buy" rating in a research note on Thursday, November 7th. Finally, StockNews.com upgraded shares of Coeur Mining from a "sell" rating to a "hold" rating in a research note on Friday, November 8th. One equities research analyst has rated the stock with a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat, the company has a consensus rating of "Buy" and a consensus price target of $8.31.
Read Our Latest Research Report on Coeur Mining
Coeur Mining Stock Performance
CDE stock traded down $0.26 during trading hours on Thursday, reaching $5.09. The stock had a trading volume of 23,008,300 shares, compared to its average volume of 17,863,518. The stock has a 50-day simple moving average of $6.29 and a 200 day simple moving average of $6.41. Coeur Mining has a fifty-two week low of $2.42 and a fifty-two week high of $7.72. The stock has a market capitalization of $2.03 billion, a PE ratio of 42.38 and a beta of 1.59. The company has a debt-to-equity ratio of 0.50, a current ratio of 0.83 and a quick ratio of 0.39.
Coeur Mining (NYSE:CDE - Get Free Report) last issued its earnings results on Wednesday, February 19th. The basic materials company reported $0.11 earnings per share (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 6.59%. The company had revenue of $305.40 million for the quarter, compared to analysts' expectations of $314.32 million. Analysts predict that Coeur Mining will post 0.58 EPS for the current fiscal year.
Institutional Inflows and Outflows
A number of institutional investors and hedge funds have recently made changes to their positions in CDE. CWM LLC boosted its stake in shares of Coeur Mining by 93.2% in the third quarter. CWM LLC now owns 9,716 shares of the basic materials company's stock valued at $67,000 after buying an additional 4,686 shares during the period. Creative Planning lifted its position in shares of Coeur Mining by 27.7% during the 3rd quarter. Creative Planning now owns 41,046 shares of the basic materials company's stock valued at $282,000 after acquiring an additional 8,914 shares during the period. International Assets Investment Management LLC acquired a new stake in shares of Coeur Mining during the 3rd quarter worth $142,000. Assenagon Asset Management S.A. grew its holdings in shares of Coeur Mining by 37.5% during the 3rd quarter. Assenagon Asset Management S.A. now owns 437,322 shares of the basic materials company's stock worth $3,009,000 after purchasing an additional 119,345 shares in the last quarter. Finally, Ballentine Partners LLC increased its position in shares of Coeur Mining by 31.8% in the third 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. Institutional investors and hedge funds own 63.01% of the company's stock.
About Coeur Mining
(
Get Free Report)
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.
See Also
Before you consider Coeur Mining, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Coeur Mining wasn't on the list.
While Coeur Mining currently has a Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Nuclear energy stocks are roaring. It's the hottest energy sector of the year. Cameco Corp, Paladin Energy, and BWX Technologies were all up more than 40% in 2024. The biggest market moves could still be ahead of us, and there are seven nuclear energy stocks that could rise much higher in the next several months. To unlock these tickers, enter your email address below.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
