Coeur Mining (NYSE:CDE) Rating Increased to Outperform at Raymond James

Coeur Mining (NYSE:CDE - Get Free Report) was upgraded by equities research analysts at Raymond James from a "market perform" rating to an "outperform" rating in a research report issued on Friday, MarketBeat Ratings reports. The brokerage presently has a $8.25 price target on the basic materials company's stock, down from their prior price target of $8.75. Raymond James' price objective points to a potential upside of 62.24% from the stock's previous close. Raymond James also issued estimates for Coeur Mining's Q2 2025 earnings at $0.09 EPS, Q3 2025 earnings at $0.12 EPS and Q4 2025 earnings at $0.12 EPS.

CDE has been the subject of a number of other research reports. Roth Mkm reissued a "buy" rating and set a $8.50 target price (down previously from $9.00) on shares of Coeur Mining in a research note on Friday, November 8th. BMO Capital Markets began coverage on Coeur Mining in a report on Tuesday, February 18th. They set an "outperform" rating and a $9.00 target price for the company. Cormark upgraded Coeur Mining to a "moderate buy" rating in a research report on Thursday, February 20th. StockNews.com upgraded Coeur Mining from a "sell" rating to a "hold" rating in a research report on Friday, November 8th. Finally, Cantor Fitzgerald raised Coeur Mining from a "hold" rating to a "strong-buy" rating in a research note on Thursday, November 7th. One investment analyst has rated the stock with a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Buy" and an average price target of $8.31.

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Coeur Mining Price Performance

Shares of CDE stock traded down $0.26 during mid-day trading on Friday, hitting $5.09. 23,009,314 shares of the stock were exchanged, compared to its average volume of 17,864,266. The company has a quick ratio of 0.39, a current ratio of 0.83 and a debt-to-equity ratio of 0.50. Coeur Mining has a 52-week low of $2.42 and a 52-week high of $7.72. The firm has a fifty day moving average of $6.29 and a 200 day moving average of $6.41. The company has a market cap of $2.03 billion, a PE ratio of 42.38 and a beta of 1.59.

Coeur Mining (NYSE:CDE - Get Free Report) last issued its quarterly earnings data on Wednesday, February 19th. The basic materials company reported $0.11 EPS for the quarter, meeting the consensus estimate of $0.11. The company had revenue of $305.40 million for the quarter, compared to analyst estimates of $314.32 million. Coeur Mining had a return on equity of 6.59% and a net margin of 5.59%. Research analysts anticipate that Coeur Mining will post 0.58 earnings per share for the current year.

Institutional Trading of Coeur Mining

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Two Sigma Advisers LP increased its position in Coeur Mining by 404.6% during the fourth quarter. Two Sigma Advisers LP now owns 5,089,100 shares of the basic materials company's stock worth $29,110,000 after purchasing an additional 4,080,600 shares during the last quarter. Jacobs Levy Equity Management Inc. acquired a new position in Coeur Mining in the fourth quarter valued at approximately $21,224,000. Vanguard Group Inc. grew its position in Coeur Mining by 8.5% in the fourth quarter. Vanguard Group Inc. now owns 40,700,218 shares of the basic materials company's stock worth $232,805,000 after acquiring an additional 3,178,785 shares during the period. Marshall Wace LLP increased its stake in Coeur Mining by 12,934.3% during the fourth quarter. Marshall Wace LLP now owns 2,971,679 shares of the basic materials company's stock worth $16,998,000 after acquiring an additional 2,948,880 shares during the last quarter. Finally, Two Sigma Investments LP raised its position in Coeur Mining by 57.8% in the fourth quarter. Two Sigma Investments LP now owns 7,210,595 shares of the basic materials company's stock valued at $41,245,000 after purchasing an additional 2,641,310 shares during the period. 63.01% of the stock is owned by institutional investors and hedge funds.

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.