Coeur Mining (NYSE:CDE) Rating Increased to Moderate Buy at Cormark

Cormark upgraded shares of Coeur Mining (NYSE:CDE) to a moderate buy rating in a report issued on Thursday morning,Zacks.com reports.

CDE has been the subject of several other reports. Cantor Fitzgerald upgraded Coeur Mining from a “hold” rating to a “strong-buy” rating in a report on Thursday, November 7th. StockNews.com upgraded Coeur Mining from a “sell” rating to a “hold” rating in a report on Friday, November 8th. Roth Mkm reiterated a “buy” rating and set a $8.50 price objective (down from $9.00) on shares of Coeur Mining in a report on Friday, November 8th. Finally, BMO Capital Markets assumed coverage on Coeur Mining in a report on Tuesday. They set an “outperform” rating and a $9.00 price objective for the company. Two investment analysts have rated the stock with a hold rating, four have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $8.06.

Coeur Mining Stock Down 3.9 %

Shares of Coeur Mining stock opened at $6.11 on Thursday. Coeur Mining has a 1 year low of $2.42 and a 1 year high of $7.72. The business has a 50-day moving average of $6.33 and a two-hundred day moving average of $6.39. The company has a market capitalization of $2.44 billion, a P/E ratio of 50.88 and a beta of 1.59. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.09 and a quick ratio of 0.39.

Coeur Mining (NYSE:CDE) last announced its quarterly earnings results on Wednesday, February 19th. The basic materials company reported $0.11 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.11. Coeur Mining had a return on equity of 6.71% and a net margin of 5.59%. The company had revenue of $305.40 million during the quarter, compared to the consensus estimate of $314.32 million. As a group, equities analysts predict that Coeur Mining will post 0.58 EPS for the current year.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the stock. Forum Financial Management LP grew its stake in Coeur Mining by 58.2% in the fourth quarter. Forum Financial Management LP now owns 18,699 shares of the basic materials company’s stock valued at $107,000 after purchasing an additional 6,879 shares in the last quarter. Public Employees Retirement System of Ohio lifted its position in shares of Coeur Mining by 3,685.4% in the fourth quarter. Public Employees Retirement System of Ohio now owns 181,131 shares of the basic materials company’s stock valued at $1,036,000 after buying an additional 176,346 shares during the last quarter. Vise Technologies Inc. acquired a new stake in shares of Coeur Mining in the fourth quarter valued at approximately $66,000. PharVision Advisers LLC acquired a new stake in shares of Coeur Mining in the fourth quarter valued at approximately $161,000. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in shares of Coeur Mining by 28.0% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,092,106 shares of the basic materials company’s stock valued at $6,247,000 after buying an additional 238,688 shares during the last quarter. 63.01% of the stock is currently owned by institutional investors.

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.