Coeur Mining (NYSE:CDE) Price Target Increased to $7.50 by Analysts at BMO Capital Markets

Coeur Mining (NYSE:CDE) had its price objective boosted by BMO Capital Markets from $6.75 to $7.50 in a report issued on Friday, Benzinga reports. BMO Capital Markets currently has an outperform rating on the basic materials company’s stock.

Other equities research analysts also recently issued research reports about the company. Raymond James upped their price target on Coeur Mining from $3.75 to $4.00 and gave the stock a market perform rating in a report on Monday, April 8th. Roth Capital reiterated a buy rating on shares of Coeur Mining in a report on Tuesday, April 9th. National Bank Financial restated an outperform spec market weight rating on shares of Coeur Mining in a report on Monday, April 8th. Finally, Roth Mkm began coverage on shares of Coeur Mining in a research note on Tuesday, April 9th. They issued a buy rating and a $5.40 price objective for the company. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and seven have given a buy rating to the company’s stock. According to data from MarketBeat, Coeur Mining currently has a consensus rating of Moderate Buy and an average target price of $4.73.

Coeur Mining Stock Performance

CDE opened at $6.66 on Friday. Coeur Mining has a 1-year low of $2.00 and a 1-year high of $6.82. The company has a market cap of $2.66 billion, a price-to-earnings ratio of -21.48 and a beta of 1.60. The company’s fifty day moving average price is $5.66 and its two-hundred day moving average price is $4.17. The company has a current ratio of 0.99, a quick ratio of 0.43 and a debt-to-equity ratio of 0.55.

Coeur Mining (NYSE:CDE) last posted its earnings results on Wednesday, May 1st. The basic materials company reported ($0.05) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.06) by $0.01. The company had revenue of $213.10 million for the quarter, compared to analyst estimates of $203.43 million. Coeur Mining had a negative net margin of 12.77% and a negative return on equity of 6.28%. The firm’s revenue was up 13.8% compared to the same quarter last year. During the same quarter in the prior year, the business posted ($0.11) EPS. On average, analysts expect that Coeur Mining will post 0.08 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, Director Sebastian Edwards sold 20,000 shares of the firm’s stock in a transaction that occurred on Tuesday, May 7th. The shares were sold at an average price of $5.08, for a total transaction of $101,600.00. Following the completion of the sale, the director now owns 103,100 shares in the company, valued at approximately $523,748. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. In other Coeur Mining news, Director Sebastian Edwards sold 20,000 shares of the business’s stock in a transaction on Tuesday, May 7th. The stock was sold at an average price of $5.08, for a total value of $101,600.00. Following the sale, the director now directly owns 103,100 shares in the company, valued at $523,748. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, CAO Kenneth J. Watkinson sold 44,000 shares of the business’s stock in a transaction on Friday, May 3rd. The shares were sold at an average price of $4.86, for a total value of $213,840.00. Following the completion of the sale, the chief accounting officer now owns 140,719 shares in the company, valued at $683,894.34. The disclosure for this sale can be found here. Insiders own 1.56% of the company’s stock.

Institutional Trading of Coeur Mining

Hedge funds have recently made changes to their positions in the company. CWM LLC raised its stake in shares of Coeur Mining by 831.5% in the second quarter. CWM LLC now owns 5,030 shares of the basic materials company’s stock valued at $28,000 after buying an additional 4,490 shares during the period. Atria Wealth Solutions Inc. purchased a new position in shares of Coeur Mining in the fourth quarter valued at $33,000. Forum Financial Management LP purchased a new position in shares of Coeur Mining in the fourth quarter valued at $40,000. Ballentine Partners LLC purchased a new position in shares of Coeur Mining in the first quarter valued at $46,000. Finally, StoneX Group Inc. purchased a new position in shares of Coeur Mining in the first quarter valued at $49,000. 63.01% of the stock is currently owned by institutional investors.

About Coeur Mining

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.