Raymond James Upgrades Coeur Mining (NYSE:CDE) to Outperform

Coeur Mining (NYSE:CDE) was upgraded by equities research analysts at Raymond James from a “market perform” rating to an “outperform” rating in a research note issued to investors on Friday,Finviz reports. The brokerage currently has a $8.25 target price on the basic materials company’s stock, down from their previous target price of $8.75. Raymond James’ price objective suggests a potential upside of 35.14% from the company’s current price.

CDE has been the topic of a number of other reports. BMO Capital Markets assumed coverage on shares of Coeur Mining in a report on Tuesday. They issued an “outperform” rating and a $9.00 target price on the stock. StockNews.com upgraded Coeur Mining from a “sell” rating to a “hold” rating in a research report on Friday, November 8th. Cantor Fitzgerald raised Coeur Mining from a “hold” rating to a “strong-buy” rating in a research report on Thursday, November 7th. Cormark upgraded Coeur Mining to a “moderate buy” rating in a report on Thursday. Finally, Roth Mkm reissued a “buy” rating and issued a $8.50 target price (down previously from $9.00) on shares of Coeur Mining in a research note on Friday, November 8th. One analyst has rated the stock with a hold rating, five have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Buy” and an average price target of $8.38.

Coeur Mining Price Performance

NYSE:CDE opened at $6.11 on Friday. The business’s 50-day moving average is $6.33 and its 200 day moving average is $6.39. Coeur Mining has a 12 month low of $2.42 and a 12 month high of $7.72. 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 current ratio of 1.09, a quick ratio of 0.39 and a debt-to-equity ratio of 0.53.

Coeur Mining (NYSE:CDE) last posted its earnings results on Wednesday, February 19th. The basic materials company reported $0.11 EPS for the quarter, meeting analysts’ consensus estimates of $0.11. Coeur Mining had a return on equity of 6.71% and a net margin of 5.59%. The firm had revenue of $305.40 million during the quarter, compared to the consensus estimate of $314.32 million. On average, equities research analysts forecast that Coeur Mining will post 0.58 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the stock. Forum Financial Management LP grew its stake in Coeur Mining by 58.2% in the 4th quarter. Forum Financial Management LP now owns 18,699 shares of the basic materials company’s stock worth $107,000 after acquiring an additional 6,879 shares in the last quarter. Public Employees Retirement System of Ohio boosted its holdings 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 purchasing an additional 176,346 shares during the period. Vise Technologies Inc. bought a new position in Coeur Mining in the fourth quarter worth approximately $66,000. PharVision Advisers LLC purchased a new position in Coeur Mining during the 4th quarter worth $161,000. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings in shares of Coeur Mining by 28.0% in the 4th 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 worth $6,247,000 after buying an additional 238,688 shares during the period. Hedge funds and other institutional investors own 63.01% of the company’s stock.

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.