Coeur Mining (NYSE:CDE) Stock Rating Upgraded by BMO Capital Markets

BMO Capital Markets upgraded shares of Coeur Mining (NYSE:CDE) from a market perform rating to an outperform rating in a research note issued to investors on Friday morning, Marketbeat reports. BMO Capital Markets currently has $5.50 target price on the basic materials company’s stock, up from their previous target price of $4.25.

Other analysts have also issued research reports about the company. Roth Mkm initiated coverage on Coeur Mining in a report on Tuesday, April 9th. They set a buy rating and a $5.40 price objective on the stock. National Bank Financial reiterated an outperform spec market weight rating on shares of Coeur Mining in a research report on Monday, April 8th. Raymond James upped their price target on Coeur Mining from $3.75 to $4.00 and gave the company a market perform rating in a research note on Monday, April 8th. Finally, Roth Capital reissued a buy rating on shares of Coeur Mining in a research note on Tuesday, April 9th. One research analyst has rated the stock with a sell rating, one has issued a hold rating and eight have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of Moderate Buy and an average price target of $4.36.

Coeur Mining Stock Performance

CDE traded up $0.09 during midday trading on Friday, reaching $4.88. The company’s stock had a trading volume of 6,442,693 shares, compared to its average volume of 10,089,535. The stock has a market cap of $1.95 billion, a P/E ratio of -15.74 and a beta of 1.77. The company has a fifty day simple moving average of $3.83 and a 200 day simple moving average of $3.15. The company has a current ratio of 0.92, a quick ratio of 0.38 and a debt-to-equity ratio of 0.51. Coeur Mining has a twelve month low of $2.00 and a twelve month high of $5.47.

Coeur Mining (NYSE:CDE) last released its earnings results on Wednesday, May 1st. The basic materials company reported ($0.05) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.06) by $0.01. The firm had revenue of $213.10 million for the quarter, compared to analyst estimates of $203.43 million. Coeur Mining had a negative return on equity of 6.27% and a negative net margin of 12.77%. The company’s revenue was up 13.8% on a year-over-year basis. During the same quarter last year, the firm posted ($0.11) EPS. Research analysts expect that Coeur Mining will post -0.04 earnings per share for the current year.

Institutional Investors Weigh In On Coeur Mining

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Vanguard Group Inc. raised its position in Coeur Mining by 5.7% during the third quarter. Vanguard Group Inc. now owns 31,864,964 shares of the basic materials company’s stock valued at $70,740,000 after purchasing an additional 1,716,929 shares in the last quarter. Charles Schwab Investment Management Inc. raised its holdings in shares of Coeur Mining by 7.1% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 4,153,752 shares of the basic materials company’s stock worth $9,221,000 after buying an additional 274,878 shares in the last quarter. Jupiter Asset Management Ltd. lifted its position in shares of Coeur Mining by 95.9% during the 3rd quarter. Jupiter Asset Management Ltd. now owns 10,246,050 shares of the basic materials company’s stock worth $22,746,000 after buying an additional 5,017,119 shares during the last quarter. Assenagon Asset Management S.A. boosted its stake in Coeur Mining by 1.7% in the fourth quarter. Assenagon Asset Management S.A. now owns 247,169 shares of the basic materials company’s stock valued at $806,000 after buying an additional 4,175 shares in the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. grew its position in Coeur Mining by 22.0% in the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 9,457,720 shares of the basic materials company’s stock valued at $30,832,000 after acquiring an additional 1,702,840 shares during the last quarter. 63.01% of the stock is currently owned by institutional investors and hedge funds.

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.