Coeur Mining (NYSE:CDE) Earns Outperform Rating from Analysts at BMO Capital Markets

Investment analysts at BMO Capital Markets started coverage on shares of Coeur Mining (NYSE:CDE) in a report issued on Tuesday. The brokerage set an “outperform” rating and a $9.00 price target on the basic materials company’s stock. BMO Capital Markets’ price objective would indicate a potential upside of 36.05% from the stock’s previous close.

Other equities research analysts have also issued research reports about the company. Cantor Fitzgerald raised Coeur Mining from a “hold” rating to a “strong-buy” rating in a research note on Thursday, November 7th. StockNews.com raised Coeur Mining from a “sell” rating to a “hold” rating in a research note on Friday, November 8th. Finally, Roth Mkm reissued a “buy” rating and set a $8.50 price objective (down previously from $9.00) on shares of Coeur Mining in a research note on Friday, November 8th. Two investment analysts have rated the stock with a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $8.06.

Coeur Mining Stock Performance

Shares of CDE opened at $6.62 on Tuesday. The stock has a 50 day moving average of $6.38 and a 200 day moving average of $6.39. Coeur Mining has a 12 month low of $2.42 and a 12 month high of $7.72. The company has a market capitalization of $2.64 billion, a price-to-earnings ratio of -220.43 and a beta of 1.59. The company has a current ratio of 1.09, a quick ratio of 0.39 and a debt-to-equity ratio of 0.53.

Institutional Investors Weigh In On Coeur Mining

Hedge funds have recently added to or reduced their stakes in the stock. GAMMA Investing LLC boosted its holdings in shares of Coeur Mining by 139.8% during the 4th quarter. GAMMA Investing LLC now owns 5,761 shares of the basic materials company’s stock valued at $33,000 after purchasing an additional 3,359 shares during the last quarter. Quarry LP raised its position in shares of Coeur Mining by 853.8% during the 4th quarter. Quarry LP now owns 6,667 shares of the basic materials company’s stock valued at $38,000 after buying an additional 5,968 shares in the last quarter. Optiver Holding B.V. raised its position in shares of Coeur Mining by 150.5% during the 4th quarter. Optiver Holding B.V. now owns 8,160 shares of the basic materials company’s stock valued at $47,000 after buying an additional 4,903 shares in the last quarter. FNY Investment Advisers LLC purchased a new stake in shares of Coeur Mining during the 4th quarter valued at about $57,000. Finally, DRW Securities LLC purchased a new stake in shares of Coeur Mining during the 4th quarter valued at about $60,000. 63.01% of the stock is currently owned by hedge funds and other 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.