Coeur Mining (NYSE:CDE) Reaches New 52-Week High After Analyst Upgrade

Coeur Mining, Inc. (NYSE:CDE)’s stock price reached a new 52-week high during mid-day trading on Wednesday after Roth Mkm raised their price target on the stock from $8.00 to $8.50. Roth Mkm currently has a buy rating on the stock. Coeur Mining traded as high as $7.64 and last traded at $7.57, with a volume of 600299 shares trading hands. The stock had previously closed at $7.47.

Other equities research analysts have also recently issued reports about the company. Raymond James upped their price target on Coeur Mining from $6.25 to $7.00 and gave the company a “market perform” rating in a research report on Friday, September 20th. Cantor Fitzgerald cut shares of Coeur Mining from an “overweight” rating to a “neutral” rating in a research note on Thursday, August 8th. Finally, BMO Capital Markets increased their target price on shares of Coeur Mining from $7.50 to $8.00 and gave the stock an “outperform” rating in a research note on Monday. One investment analyst has rated the stock with a sell rating, two have given a hold rating and three have given a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $7.83.

Institutional Trading of Coeur Mining

A number of large investors have recently modified their holdings of CDE. CWM LLC grew its position in Coeur Mining by 831.5% in the second quarter. CWM LLC now owns 5,030 shares of the basic materials company’s stock worth $28,000 after acquiring an additional 4,490 shares in the last quarter. Point72 Asia Singapore Pte. Ltd. bought a new position in shares of Coeur Mining during the 2nd quarter valued at about $49,000. Hohimer Wealth Management LLC purchased a new position in shares of Coeur Mining during the 2nd quarter valued at about $57,000. WINTON GROUP Ltd bought a new stake in Coeur Mining in the 2nd quarter worth approximately $57,000. Finally, CIBC Asset Management Inc purchased a new stake in Coeur Mining in the second quarter worth approximately $59,000. Institutional investors own 63.01% of the company’s stock.

Coeur Mining Stock Performance

The firm has a market cap of $3.00 billion, a PE ratio of -24.23 and a beta of 1.64. The company has a 50 day simple moving average of $6.16 and a 200-day simple moving average of $5.43. The company has a debt-to-equity ratio of 0.59, a current ratio of 1.20 and a quick ratio of 0.45.

Coeur Mining (NYSE:CDE) last released its earnings results on Wednesday, August 7th. The basic materials company reported ($0.01) EPS for the quarter, beating the consensus estimate of ($0.02) by $0.01. Coeur Mining had a negative net margin of 8.33% and a negative return on equity of 4.59%. The company had revenue of $222.03 million for the quarter, compared to analyst estimates of $242.18 million. During the same quarter last year, the firm earned ($0.06) EPS. The firm’s quarterly revenue was up 25.3% compared to the same quarter last year. As a group, equities research analysts anticipate that Coeur Mining, Inc. will post 0.08 EPS 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.