Coeur Mining (NYSE:CDE) Hits New 1-Year High Following Analyst Upgrade

Coeur Mining, Inc. (NYSE:CDE - Get Free Report)'s stock price hit a new 52-week high during mid-day trading on Tuesday after Raymond James raised their price target on the stock from $3.75 to $4.00. Raymond James currently has a market perform rating on the stock. Coeur Mining traded as high as $5.37 and last traded at $5.03, with a volume of 3512882 shares trading hands. The stock had previously closed at $4.73.

Separately, National Bank Financial reaffirmed an "outperform spec market weight" rating on shares of Coeur Mining in a research note on Wednesday, January 3rd. One analyst has rated the stock with a sell rating, two have given a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $4.02.

Hedge Funds Weigh In On Coeur Mining

A number of hedge funds have recently modified their holdings of CDE. JPMorgan Chase & Co. lifted its holdings in shares of Coeur Mining by 163.3% during the first quarter. JPMorgan Chase & Co. now owns 1,002,353 shares of the basic materials company's stock worth $4,461,000 after purchasing an additional 621,717 shares during the period. Raymond James & Associates lifted its holdings in shares of Coeur Mining by 6.4% during the first quarter. Raymond James & Associates now owns 50,555 shares of the basic materials company's stock worth $225,000 after purchasing an additional 3,050 shares during the period. Raymond James Financial Services Advisors Inc. lifted its holdings in shares of Coeur Mining by 5.3% during the first quarter. Raymond James Financial Services Advisors Inc. now owns 204,214 shares of the basic materials company's stock worth $909,000 after purchasing an additional 10,250 shares during the period. Bank of New York Mellon Corp lifted its holdings in shares of Coeur Mining by 1.4% during the first quarter. Bank of New York Mellon Corp now owns 1,128,208 shares of the basic materials company's stock worth $5,020,000 after purchasing an additional 15,716 shares during the period. Finally, Bank of Montreal Can lifted its holdings in Coeur Mining by 32.1% in the first quarter. Bank of Montreal Can now owns 655,171 shares of the basic materials company's stock valued at $2,936,000 after buying an additional 159,300 shares during the period. Institutional investors and hedge funds own 63.01% of the company's stock.

Coeur Mining Trading Up 4.0 %

The firm has a market cap of $1.91 billion, a price-to-earnings ratio of -15.87 and a beta of 1.82. The company has a debt-to-equity ratio of 0.51, a current ratio of 0.92 and a quick ratio of 0.38. The firm's fifty day moving average is $3.17 and its 200-day moving average is $2.88.

Coeur Mining (NYSE:CDE - Get Free Report) last released its earnings results on Wednesday, February 21st. The basic materials company reported ($0.02) earnings per share (EPS) for the quarter. The firm had revenue of $262.10 million during the quarter. Coeur Mining had a negative net margin of 12.62% and a negative return on equity of 7.79%. Equities analysts anticipate that Coeur Mining, Inc. will post -0.05 earnings per share for the current year.

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.