National Bank Financial Upgrades Coeur Mining (NYSE:CDE) to Strong-Buy

National Bank Financial upgraded shares of Coeur Mining (NYSE:CDE - Free Report) to a strong-buy rating in a report issued on Thursday,Zacks.com reports.

A number of other equities analysts have also recently commented on the stock. BMO Capital Markets began coverage on shares of Coeur Mining in a report on Tuesday, February 18th. They issued an "outperform" rating and a $9.00 target price on the stock. TD Securities initiated coverage on shares of Coeur Mining in a research note on Tuesday, March 11th. They issued a "buy" rating and a $7.00 target price for the company. Cormark raised shares of Coeur Mining to a "moderate buy" rating in a research note on Thursday, February 20th. Roth Mkm cut their target price on shares of Coeur Mining from $8.50 to $8.25 and set a "buy" rating for the company in a research note on Friday, February 21st. Finally, Raymond James restated an "outperform" rating and issued a $8.50 price target on shares of Coeur Mining in a report on Wednesday, April 2nd. One analyst has rated the stock with a hold rating, five have assigned a buy rating and three have given a strong buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of "Buy" and an average price target of $8.10.

Coeur Mining Price Performance

Shares of Coeur Mining stock traded up $0.07 during trading hours on Thursday, reaching $9.28. 11,891,248 shares of the company's stock were exchanged, compared to its average volume of 12,942,854. 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 1 year low of $4.57 and a 1 year high of $9.69. The business has a fifty day moving average of $7.09 and a two-hundred day moving average of $6.48. The company has a market capitalization of $5.93 billion, a P/E ratio of 77.30 and a beta of 1.30.

Coeur Mining (NYSE:CDE - Get Free Report) last announced its quarterly earnings data on Wednesday, May 7th. The basic materials company reported $0.11 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of ($0.01) by $0.12. Coeur Mining had a net margin of 5.59% and a return on equity of 6.59%. Coeur Mining's revenue was up 69.0% on a year-over-year basis. During the same period last year, the company earned ($0.05) earnings per share. As a group, research analysts predict that Coeur Mining will post 0.58 earnings per share for the current fiscal year.

Insider Transactions at Coeur Mining

In other news, CAO Kenneth J. Watkinson sold 12,350 shares of Coeur Mining stock in a transaction that occurred on Friday, May 9th. The stock was sold at an average price of $7.40, for a total transaction of $91,390.00. Following the sale, the chief accounting officer now owns 122,104 shares of the company's stock, valued at approximately $903,569.60. This trade represents a 9.19% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Eduardo Luna sold 17,160 shares of Coeur Mining stock in a transaction that occurred on Wednesday, May 21st. The stock was sold at an average price of $7.83, for a total value of $134,362.80. Following the sale, the director now directly owns 101,841 shares in the company, valued at $797,415.03. The trade was a 14.42% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 90,061 shares of company stock valued at $667,775. 1.56% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Coeur Mining

Institutional investors have recently bought and sold shares of the business. Vanguard Group Inc. grew its stake in shares of Coeur Mining by 57.3% during the first quarter. Vanguard Group Inc. now owns 64,003,856 shares of the basic materials company's stock worth $378,903,000 after purchasing an additional 23,303,638 shares during the period. Sprott Inc. raised its holdings in Coeur Mining by 889.3% during the first quarter. Sprott Inc. now owns 11,324,856 shares of the basic materials company's stock worth $66,963,000 after acquiring an additional 10,180,102 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in Coeur Mining by 72.5% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 18,040,649 shares of the basic materials company's stock worth $106,801,000 after acquiring an additional 7,579,901 shares in the last quarter. Pale Fire Capital SE bought a new stake in Coeur Mining during the first quarter worth about $29,143,000. Finally, Nuveen LLC bought a new stake in Coeur Mining during the first quarter worth about $27,519,000. 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.