Coeur Mining (NYSE:CDE) Upgraded at StockNews.com

Coeur Mining (NYSE:CDE - Get Free Report) was upgraded by investment analysts at StockNews.com from a "sell" rating to a "hold" rating in a note issued to investors on Friday.

Other research analysts have also recently issued reports about the company. Cantor Fitzgerald cut Coeur Mining from an "overweight" rating to a "neutral" rating in a research note on Thursday, August 8th. Raymond James boosted their price objective on Coeur Mining from $6.25 to $7.00 and gave the stock a "market perform" rating in a research report on Friday, September 20th. Canaccord Genuity Group upped their target price on shares of Coeur Mining from $7.00 to $7.75 and gave the stock a "buy" rating in a research note on Tuesday, October 8th. Roth Mkm reiterated 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. Finally, BMO Capital Markets increased their price objective on shares of Coeur Mining from $7.50 to $8.00 and gave the company an "outperform" rating in a research report on Monday, September 23rd. Three analysts have rated the stock with a hold rating and four have issued a buy rating to the company's stock. According to MarketBeat, Coeur Mining has a consensus rating of "Moderate Buy" and a consensus target price of $7.81.

Coeur Mining Price Performance

NYSE CDE remained flat at $6.59 during trading hours on Friday. 11,276,124 shares of the company traded hands, compared to its average volume of 7,836,467. 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 company's 50-day moving average is $6.56 and its 200-day moving average is $6.02. Coeur Mining has a one year low of $2.00 and a one year high of $7.72. The company has a market cap of $2.63 billion, a P/E ratio of -219.67 and a beta of 1.65.

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, beating the consensus estimate of $0.07 by $0.05. The firm had revenue of $313.50 million during the quarter, compared to analysts' expectations of $289.19 million. Coeur Mining had a negative return on equity of 4.59% and a negative net margin of 8.33%. The business's revenue for the quarter was up 61.1% on a year-over-year basis. During the same quarter last year, the firm earned ($0.05) earnings per share. Equities research analysts predict that Coeur Mining will post 0.14 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Coeur Mining

Institutional investors have recently added to or reduced their stakes in the business. Tidal Investments LLC purchased a new position in Coeur Mining in the first quarter worth $41,587,000. American Century Companies Inc. lifted its position in shares of Coeur Mining by 248.1% in the second 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 in the last quarter. M&G Plc acquired a new stake in shares of Coeur Mining during the second quarter valued at $9,966,000. Renaissance Technologies LLC purchased a new stake in shares of Coeur Mining during the second quarter worth about $4,822,000. Finally, Janus Henderson Group PLC lifted its stake in shares of Coeur Mining by 18.5% during the 1st quarter. Janus Henderson Group PLC now owns 2,723,185 shares of the basic materials company's stock worth $10,254,000 after purchasing an additional 424,835 shares during the period. Hedge funds and other institutional investors own 63.01% of the company's stock.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.