Coeur Mining (NYSE:CDE) Stock Rating Upgraded by Zacks Research

Key Points

• Coeur Mining was upgraded from a "hold" rating to a "strong-buy" rating by Zacks Research, reflecting positive sentiment among analysts.
• The company's stock price target has increased to $12.00 by BMO Capital Markets, with four analysts rating it as a Strong Buy and five as a Buy.
• Coeur Mining reported $0.20 EPS for the last quarter, exceeding estimates and showing a significant year-over-year revenue growth of 116.5%.

Coeur Mining (NYSE:CDE - Get Free Report) was upgraded by research analysts at Zacks Research from a "hold" rating to a "strong-buy" rating in a research note issued to investors on Tuesday,Zacks.com reports.

A number of other research analysts have also commented on the stock. Weiss Ratings restated a "hold (c+)" rating on shares of Coeur Mining in a research note on Wednesday. BMO Capital Markets increased their price target on shares of Coeur Mining from $11.00 to $12.00 and gave the company an "outperform" rating in a research report on Thursday, August 7th. National Bankshares set a $12.00 price objective on shares of Coeur Mining in a research note on Friday, June 13th. National Bank Financial raised shares of Coeur Mining to a "strong-buy" rating in a research note on Thursday, June 12th. Finally, Roth Capital set a $20.00 price objective on shares of Coeur Mining and gave the company a "buy" rating in a research note on Friday, October 3rd. Four research analysts have rated the stock with a Strong Buy rating, five have issued a Buy rating and one has issued a Hold rating to the company's stock. According to MarketBeat, the company presently has an average rating of "Buy" and an average price target of $11.29.

Coeur Mining Stock Down 1.6%

Shares of NYSE:CDE traded down $0.33 during trading on Tuesday, hitting $20.68. The company's stock had a trading volume of 3,005,091 shares, compared to its average volume of 16,350,869. The company has a market capitalization of $13.29 billion, a PE ratio of 56.32 and a beta of 1.23. The business has a 50 day moving average price of $14.38 and a two-hundred day moving average price of $9.95. Coeur Mining has a fifty-two week low of $4.58 and a fifty-two week high of $21.80. The company has a debt-to-equity ratio of 0.12, a quick ratio of 0.60 and a current ratio of 1.61.

Coeur Mining (NYSE:CDE - Get Free Report) last released its quarterly earnings data on Wednesday, August 6th. The basic materials company reported $0.20 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.18 by $0.02. The business had revenue of $480.65 million during the quarter, compared to analysts' expectations of $438.40 million. Coeur Mining had a net margin of 13.06% and a return on equity of 14.38%. The company's revenue for the quarter was up 116.5% on a year-over-year basis. During the same period in the previous year, the company earned ($0.01) EPS. As a group, research analysts expect that Coeur Mining will post 0.58 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, Director Pierre Beaudoin sold 48,362 shares of the firm's stock in a transaction on Friday, August 8th. The shares were sold at an average price of $11.57, for a total value of $559,548.34. Following the transaction, the director owned 140,000 shares of the company's stock, valued at approximately $1,619,800. This trade represents a 25.68% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Mitchell J. Krebs sold 125,000 shares of the company's stock in a transaction dated Monday, September 8th. The shares were sold at an average price of $14.65, for a total transaction of $1,831,250.00. Following the completion of the transaction, the chief executive officer directly owned 2,197,309 shares of the company's stock, valued at approximately $32,190,576.85. The trade was a 5.38% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 516,619 shares of company stock worth $6,626,362. 1.50% of the stock is owned by company insiders.

Hedge Funds Weigh In On Coeur Mining

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Ameritas Investment Partners Inc. grew its holdings in Coeur Mining by 1.8% during the 2nd quarter. Ameritas Investment Partners Inc. now owns 65,416 shares of the basic materials company's stock worth $580,000 after acquiring an additional 1,183 shares in the last quarter. BFI Infinity Ltd. grew its holdings in Coeur Mining by 3.2% during the 2nd quarter. BFI Infinity Ltd. now owns 43,560 shares of the basic materials company's stock worth $386,000 after acquiring an additional 1,355 shares in the last quarter. EverSource Wealth Advisors LLC grew its holdings in Coeur Mining by 74.2% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 3,368 shares of the basic materials company's stock worth $30,000 after acquiring an additional 1,435 shares in the last quarter. Janney Montgomery Scott LLC grew its holdings in Coeur Mining by 7.2% during the 2nd quarter. Janney Montgomery Scott LLC now owns 23,702 shares of the basic materials company's stock worth $210,000 after acquiring an additional 1,602 shares in the last quarter. Finally, Plancorp LLC grew its holdings in Coeur Mining by 0.5% during the 1st quarter. Plancorp LLC now owns 300,790 shares of the basic materials company's stock worth $1,781,000 after acquiring an additional 1,617 shares in the last quarter. 63.01% of the stock is owned by hedge funds and other institutional investors.

Coeur Mining Company Profile

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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