Coeur Mining (NYSE:CDE) Research Coverage Started at Canadian Imperial Bank of Commerce

Canadian Imperial Bank of Commerce started coverage on shares of Coeur Mining (NYSE:CDE) in a research report report published on Tuesday, MarketBeat.com reports. The brokerage issued an outperform rating and a $40.00 price target on the basic materials company’s stock.

A number of other research firms have also recently commented on CDE. Zacks Research cut Coeur Mining from a “strong-buy” rating to a “hold” rating in a research note on Friday, February 20th. Roth Mkm reaffirmed a “buy” rating and issued a $29.00 price objective on shares of Coeur Mining in a research note on Thursday, February 19th. Canaccord Genuity Group lowered Coeur Mining from a “buy” rating to a “hold” rating in a research note on Friday, February 20th. TD Securities raised their target price on Coeur Mining from $23.00 to $25.00 and gave the company a “buy” rating in a report on Tuesday, November 11th. Finally, Wall Street Zen raised Coeur Mining from a “hold” rating to a “buy” rating in a research report on Sunday, December 21st. Two research analysts have rated the stock with a Strong Buy rating, six have assigned a Buy rating and five have issued a Hold rating to the company. According to data from MarketBeat, Coeur Mining has a consensus rating of “Moderate Buy” and a consensus price target of $23.00.

Coeur Mining Price Performance

Coeur Mining stock opened at $21.67 on Tuesday. The company’s 50 day simple moving average is $22.66 and its 200-day simple moving average is $18.86. The company has a market capitalization of $13.91 billion, a price-to-earnings ratio of 24.91 and a beta of 1.16. Coeur Mining has a 1 year low of $4.58 and a 1 year high of $27.77. The company has a debt-to-equity ratio of 0.10, a quick ratio of 1.66 and a current ratio of 2.47.

Coeur Mining (NYSE:CDE) last posted its quarterly earnings data on Wednesday, February 18th. The basic materials company reported $0.35 earnings per share for the quarter, missing analysts’ consensus estimates of $0.43 by ($0.08). Coeur Mining had a return on equity of 18.75% and a net margin of 28.31%.The company had revenue of $674.85 million for the quarter, compared to analysts’ expectations of $668.70 million. During the same period in the previous year, the business posted $0.11 EPS. The business’s revenue for the quarter was up 120.9% on a year-over-year basis. As a group, equities research analysts expect that Coeur Mining will post 0.58 earnings per share for the current year.

Institutional Trading of Coeur Mining

Large investors have recently modified their holdings of the stock. Allworth Financial LP boosted its holdings in Coeur Mining by 20.9% in the fourth quarter. Allworth Financial LP now owns 2,994 shares of the basic materials company’s stock valued at $53,000 after purchasing an additional 517 shares during the period. Baader Bank Aktiengesellschaft increased its holdings in Coeur Mining by 2.8% during the 4th quarter. Baader Bank Aktiengesellschaft now owns 34,090 shares of the basic materials company’s stock worth $608,000 after purchasing an additional 935 shares during the period. Sound Income Strategies LLC increased its holdings in Coeur Mining by 99.2% during the 4th quarter. Sound Income Strategies LLC now owns 2,000 shares of the basic materials company’s stock worth $36,000 after purchasing an additional 996 shares during the period. Savant Capital LLC raised its position in Coeur Mining by 2.3% in the 3rd quarter. Savant Capital LLC now owns 46,551 shares of the basic materials company’s stock valued at $873,000 after purchasing an additional 1,066 shares in the last quarter. Finally, PNC Financial Services Group Inc. boosted its stake in shares of Coeur Mining by 12.2% in the 4th quarter. PNC Financial Services Group Inc. now owns 10,650 shares of the basic materials company’s stock valued at $190,000 after buying an additional 1,156 shares during the period. Hedge funds and other institutional investors own 63.01% of the company’s stock.

About Coeur Mining

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.