Noble Financial upgraded shares of Coeur Mining (NYSE:CDE) from a market perform rating to an outperform rating in a research report sent to investors on Monday morning, AnalystRatings.com reports. The firm currently has $9.00 target price on the basic materials company’s stock.

Several other equities research analysts have also issued reports on CDE. Raymond James boosted their price target on shares of Coeur Mining from $6.75 to $7.75 and gave the company a market perform rating in a report on Friday, July 31st. B. Riley boosted their price target on shares of Coeur Mining from $11.50 to $13.00 and gave the company a buy rating in a report on Tuesday, May 19th. Zacks Investment Research raised shares of Coeur Mining from a hold rating to a buy rating and set a $6.50 target price on the stock in a report on Wednesday, July 15th. Royal Bank of Canada reaffirmed a hold rating and issued a $6.00 target price on shares of Coeur Mining in a report on Monday, July 20th. Finally, Cantor Fitzgerald began coverage on shares of Coeur Mining in a report on Friday, July 31st. They issued a buy rating and a $8.50 target price on the stock. Five analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. The company presently has an average rating of Buy and a consensus price target of $7.64.

NYSE:CDE opened at $8.25 on Monday. The stock has a market cap of $2.01 billion, a P/E ratio of -6.60 and a beta of 1.97. Coeur Mining has a one year low of $1.98 and a one year high of $9.25. The company has a fifty day moving average price of $8.16 and a 200 day moving average price of $5.53. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.53 and a quick ratio of 0.71.

Coeur Mining (NYSE:CDE) last announced its quarterly earnings results on Wednesday, July 29th. The basic materials company reported $0.01 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.04) by $0.05. The firm had revenue of $154.20 million for the quarter, compared to analyst estimates of $151.99 million. Coeur Mining had a negative net margin of 41.33% and a negative return on equity of 0.94%. The business’s revenue for the quarter was down 4.9% on a year-over-year basis. During the same quarter in the previous year, the firm posted ($0.11) EPS. As a group, equities research analysts anticipate that Coeur Mining will post 0.1 EPS for the current year.

In related news, SVP Terrence F. Smith sold 51,219 shares of the company’s stock in a transaction dated Tuesday, September 15th. The shares were sold at an average price of $8.24, for a total transaction of $422,044.56. Following the transaction, the senior vice president now owns 199,349 shares in the company, valued at approximately $1,642,635.76. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, SVP Casey M. Nault sold 30,000 shares of the company’s stock in a transaction dated Monday, July 27th. The stock was sold at an average price of $8.01, for a total transaction of $240,300.00. The disclosure for this sale can be found here. 1.60% of the stock is owned by corporate insiders.

Institutional investors have recently added to or reduced their stakes in the business. Raymond James & Associates lifted its position in Coeur Mining by 15.6% during the 1st quarter. Raymond James & Associates now owns 63,770 shares of the basic materials company’s stock valued at $205,000 after purchasing an additional 8,600 shares during the period. Alpha Windward LLC acquired a new position in Coeur Mining during the 2nd quarter valued at about $329,000. Principal Financial Group Inc. lifted its position in Coeur Mining by 47.5% during the 1st quarter. Principal Financial Group Inc. now owns 19,170 shares of the basic materials company’s stock valued at $62,000 after purchasing an additional 6,170 shares during the period. Thrivent Financial for Lutherans acquired a new position in Coeur Mining during the 1st quarter valued at about $1,829,000. Finally, Macquarie Group Ltd. lifted its position in Coeur Mining by 7.8% during the 2nd quarter. Macquarie Group Ltd. now owns 3,336,981 shares of the basic materials company’s stock valued at $16,952,000 after purchasing an additional 240,590 shares during the period. Institutional investors own 61.67% of the company’s stock.

Coeur Mining Company Profile

Coeur Mining, Inc explores for, develops, and produces gold, silver, zinc, and lead properties. It holds interests in the Palmarejo gold and silver complex located in Mexico; the Rochester silver and gold mine situated in Nevada; the Kensington gold mine located in Alaska; the Wharf gold mine situated in South Dakota; and the Silvertip silver-zinc-lead mine located in Canada.

Read More: Stock Portfolio Tracker

Analyst Recommendations for Coeur Mining (NYSE:CDE)

Receive News & Ratings for Coeur Mining Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Coeur Mining and related companies with MarketBeat.com's FREE daily email newsletter.