Zacks Research Upgrades Coeur Mining (NYSE:CDE) to "Hold"

Key Points

• Zacks Research upgraded Coeur Mining (NYSE:CDE) from a "strong sell" to a "hold."
• Multiple firms remain bullish—analysts' consensus is a "Moderate Buy" with a consensus price target of $24.67 and several recent "buy"/"outperform" initiations and raises.
• Coeur's latest quarter missed EPS ($0.35 vs. $0.43) but showed revenue up 120.9% year‑over‑year, a 28.31% net margin, and a market cap around $11.3 billion.

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

Other analysts have also issued research reports about the company. Canadian Imperial Bank of Commerce initiated coverage on Coeur Mining in a research note on Tuesday, March 10th. They issued an "outperform" rating and a $40.00 price objective on the stock. ATB Cormark Capital Markets raised shares of Coeur Mining from a "hold" rating to a "moderate buy" rating in a research report on Tuesday, March 24th. Roth Mkm reissued a "buy" rating and issued a $29.00 price objective on shares of Coeur Mining in a research report on Thursday, February 19th. BMO Capital Markets initiated coverage on shares of Coeur Mining in a research report on Wednesday, March 25th. They issued an "outperform" rating and a $27.00 price objective on the stock. Finally, Canaccord Genuity Group raised shares of Coeur Mining from a "hold" rating to a "buy" rating and set a $26.00 price objective on the stock in a research report on Wednesday. Two analysts have rated the stock with a Strong Buy rating, eight have given a Buy rating and four have given a Hold rating to the company. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $24.67.

Coeur Mining Stock Performance

NYSE CDE opened at $17.60 on Thursday. The company has a current ratio of 2.47, a quick ratio of 1.66 and a debt-to-equity ratio of 0.10. The firm's fifty day moving average price is $20.50 and its two-hundred day moving average price is $19.48. The firm has a market capitalization of $11.30 billion, a P/E ratio of 20.23 and a beta of 1.24. Coeur Mining has a 1 year low of $5.21 and a 1 year high of $27.77.

Coeur Mining (NYSE:CDE - Get Free Report) last released its quarterly earnings data on Wednesday, February 18th. The basic materials company reported $0.35 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.43 by ($0.08). The business had revenue of $674.85 million during the quarter, compared to the consensus estimate of $668.70 million. Coeur Mining had a net margin of 28.31% and a return on equity of 18.75%. Coeur Mining's quarterly revenue was up 120.9% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.11 EPS. As a group, research analysts anticipate that Coeur Mining will post 1.42 EPS for the current year.

Hedge Funds Weigh In On Coeur Mining

A number of large investors have recently made changes to their positions in the company. International Assets Investment Management LLC bought a new position in shares of Coeur Mining during the first quarter worth approximately $745,000. Arlington Capital Management Inc. bought a new position in shares of Coeur Mining during the first quarter worth approximately $242,000. Midwest Trust Co bought a new position in Coeur Mining during the first quarter worth about $653,000. Fifth Third Bancorp bought a new position in Coeur Mining during the first quarter worth about $124,000. Finally, U S Global Investors Inc. increased its position in Coeur Mining by 133.8% during the first quarter. U S Global Investors Inc. now owns 829,850 shares of the basic materials company's stock worth $15,576,000 after acquiring an additional 474,850 shares during the period. Institutional investors own 63.01% of the company's stock.

Coeur Mining Company Profile

Coeur Mining, Inc is a publicly traded precious metals mining company headquartered in Chicago, Illinois. The company specializes in the exploration, development and production of silver and gold deposits, with a focus on high-grade underground and open-pit operations. Through a combination of operating mines and advanced exploration projects, Coeur Mining seeks to deliver consistent production of silver and gold bullion while maintaining industry standards for safety, environmental stewardship and cost management.

Coeur Mining's portfolio includes five principal operating mines and several exploration projects across North America and Australia.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.