BMO Capital Markets Upgrades Coeur Mining (NYSE:CDE) to “Outperform”

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

A number of other brokerages have also recently issued reports on CDE. National Bank Financial reiterated an outperform spec market weight rating on shares of Coeur Mining in a report on Monday, April 8th. Roth Capital reissued a buy rating on shares of Coeur Mining in a research report on Tuesday, April 9th. Roth Mkm began coverage on Coeur Mining in a research report on Tuesday, April 9th. They set a buy rating and a $5.40 price target on the stock. Finally, Raymond James boosted their price target on Coeur Mining from $3.75 to $4.00 and gave the stock a market perform rating in a research report on Monday, April 8th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of Moderate Buy and an average target price of $4.36.

Coeur Mining Stock Up 1.9 %

Shares of NYSE:CDE opened at $4.88 on Friday. The company has a debt-to-equity ratio of 0.51, a quick ratio of 0.38 and a current ratio of 0.92. Coeur Mining has a 1 year low of $2.00 and a 1 year high of $5.47. The stock has a market capitalization of $1.95 billion, a P/E ratio of -15.74 and a beta of 1.77. The stock has a 50-day simple moving average of $3.87 and a 200-day simple moving average of $3.18.

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

Hedge Funds Weigh In On Coeur Mining

A number of institutional investors have recently made changes to their positions in CDE. Exchange Traded Concepts LLC acquired a new position in shares of Coeur Mining in the 3rd quarter valued at approximately $63,000. Cambridge Investment Research Advisors Inc. raised its position in shares of Coeur Mining by 141.6% in the 3rd quarter. Cambridge Investment Research Advisors Inc. now owns 76,253 shares of the basic materials company’s stock valued at $169,000 after purchasing an additional 44,690 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. raised its position in shares of Coeur Mining by 2.0% in the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 7,754,880 shares of the basic materials company’s stock valued at $17,216,000 after purchasing an additional 150,141 shares in the last quarter. Inspire Investing LLC raised its position in shares of Coeur Mining by 25.9% during the 3rd quarter. Inspire Investing LLC now owns 139,807 shares of the basic materials company’s stock valued at $310,000 after acquiring an additional 28,781 shares in the last quarter. Finally, Dubuque Bank & Trust Co acquired a new stake in shares of Coeur Mining during the 3rd quarter valued at approximately $95,000. 63.01% of the stock is 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.