Royal Bank Of Canada Increases Coeur Mining (NYSE:CDE) Price Target to $26.00

Coeur Mining (NYSE:CDE) had its target price increased by analysts at Royal Bank Of Canada from $22.00 to $26.00 in a report issued on Thursday, Marketbeat.com reports. The brokerage presently has an “outperform” rating on the basic materials company’s stock. Royal Bank Of Canada’s price target would indicate a potential upside of 15.79% from the company’s current price.

Several other equities analysts have also recently commented on CDE. Wall Street Zen upgraded Coeur Mining from a “hold” rating to a “buy” rating in a research report on Sunday, December 21st. Cantor Fitzgerald downgraded Coeur Mining from an “overweight” rating to a “hold” rating and set a $16.00 price target for the company. in a research report on Thursday, October 30th. Cormark lowered Coeur Mining from a “moderate buy” rating to a “hold” rating in a report on Wednesday, October 29th. Zacks Research raised shares of Coeur Mining from a “hold” rating to a “strong-buy” rating in a research note on Monday, December 29th. Finally, TD Cowen upgraded shares of Coeur Mining to a “strong-buy” rating in a research report on Monday, December 1st. Three equities research analysts have rated the stock with a Strong Buy rating, five have given a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat.com, Coeur Mining has a consensus rating of “Buy” and a consensus target price of $19.29.

Coeur Mining Stock Performance

NYSE CDE opened at $22.45 on Thursday. The company’s 50 day simple moving average is $20.29 and its two-hundred day simple moving average is $17.13. The company has a debt-to-equity ratio of 0.11, a current ratio of 2.00 and a quick ratio of 1.10. Coeur Mining has a 1 year low of $4.58 and a 1 year high of $27.77. The stock has a market capitalization of $14.42 billion, a PE ratio of 34.02 and a beta of 1.21.

Institutional Trading of Coeur Mining

Several institutional investors have recently added to or reduced their stakes in CDE. Allworth Financial LP increased its holdings in shares of Coeur Mining by 20.9% in the fourth quarter. Allworth Financial LP now owns 2,994 shares of the basic materials company’s stock worth $53,000 after buying an additional 517 shares during the period. Baader Bank Aktiengesellschaft boosted 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 valued at $608,000 after acquiring an additional 935 shares during the period. Sound Income Strategies LLC grew its position 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 acquiring an additional 996 shares during the last quarter. Savant Capital LLC grew its position in Coeur Mining by 2.3% during the 3rd quarter. Savant Capital LLC now owns 46,551 shares of the basic materials company’s stock worth $873,000 after acquiring an additional 1,066 shares during the last quarter. Finally, PNC Financial Services Group Inc. increased its stake in 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 worth $190,000 after purchasing an additional 1,156 shares during the period. 63.01% of the stock is currently owned by hedge funds and other institutional investors.

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.