Coeur Mining (NYSE:CDE) Upgraded by TD Cowen to Strong-Buy Rating

Coeur Mining (NYSE:CDE - Get Free Report) was upgraded by TD Cowen to a "strong-buy" rating in a report issued on Tuesday,Zacks.com reports.

Several other research analysts also recently weighed in on the stock. BMO Capital Markets initiated coverage on shares of Coeur Mining in a research report on Tuesday, February 18th. They issued an "outperform" rating and a $9.00 target price on the stock. Cormark raised shares of Coeur Mining to a "moderate buy" rating in a research report on Thursday, February 20th. Roth Mkm lowered their price objective on shares of Coeur Mining from $8.50 to $8.25 and set a "buy" rating on the stock in a research report on Friday, February 21st. TD Securities started coverage on shares of Coeur Mining in a research report on Tuesday. They set a "buy" rating and a $7.00 price objective on the stock. Finally, Raymond James raised shares of Coeur Mining from a "market perform" rating to an "outperform" rating and lowered their price objective for the company from $8.75 to $8.25 in a research report on Friday, February 21st. One equities research analyst has rated the stock with a hold rating, six have issued a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat.com, Coeur Mining presently has an average rating of "Buy" and an average target price of $8.05.

Coeur Mining Trading Up 6.5 %

Shares of NYSE:CDE opened at $5.47 on Tuesday. The company has a market cap of $3.49 billion, a PE ratio of 45.55 and a beta of 1.51. The company's 50-day moving average price is $6.16 and its 200 day moving average price is $6.35. Coeur Mining has a fifty-two week low of $2.98 and a fifty-two week high of $7.72. The company has a quick ratio of 0.39, a current ratio of 0.83 and a debt-to-equity ratio of 0.50.

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Coeur Mining (NYSE:CDE - Get Free Report) last released its quarterly earnings results on Wednesday, February 19th. The basic materials company reported $0.11 EPS for the quarter, hitting 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 the consensus estimate of $314.32 million. Sell-side analysts anticipate that Coeur Mining will post 0.58 earnings per share for the current year.

Insider Transactions at Coeur Mining

In other news, CFO Thomas S. Whelan bought 10,000 shares of the firm's stock in a transaction that occurred on Wednesday, February 26th. The stock was acquired at an average cost of $5.25 per share, with a total value of $52,500.00. Following the completion of the purchase, the chief financial officer now owns 668,450 shares of the company's stock, valued at $3,509,362.50. This represents a 1.52 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which can be accessed through this link. Company insiders own 1.56% of the company's stock.

Institutional Investors Weigh In On Coeur Mining

Several hedge funds have recently added to or reduced their stakes in the business. Vanguard Group Inc. lifted its holdings in Coeur Mining by 8.5% during the 4th quarter. Vanguard Group Inc. now owns 40,700,218 shares of the basic materials company's stock valued at $232,805,000 after purchasing an additional 3,178,785 shares during the last quarter. Dimensional Fund Advisors LP lifted its holdings in shares of Coeur Mining by 1.7% during the fourth quarter. Dimensional Fund Advisors LP now owns 17,157,325 shares of the basic materials company's stock worth $98,137,000 after buying an additional 282,885 shares in the last quarter. Tidal Investments LLC lifted its holdings in shares of Coeur Mining by 11.1% during the fourth quarter. Tidal Investments LLC now owns 13,343,775 shares of the basic materials company's stock worth $76,326,000 after buying an additional 1,332,684 shares in the last quarter. Geode Capital Management LLC lifted its holdings in shares of Coeur Mining by 1.0% during the third quarter. Geode Capital Management LLC now owns 9,146,107 shares of the basic materials company's stock worth $62,937,000 after buying an additional 89,863 shares in the last quarter. Finally, Two Sigma Investments LP lifted its holdings in shares of Coeur Mining by 57.8% during the fourth quarter. Two Sigma Investments LP now owns 7,210,595 shares of the basic materials company's stock worth $41,245,000 after buying an additional 2,641,310 shares in the last quarter. Institutional investors and hedge funds 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.

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