Coeur Mining (NYSE:CDE) Coverage Initiated by Analysts at BMO Capital Markets

Equities researchers at BMO Capital Markets initiated coverage on shares of Coeur Mining (NYSE:CDE) in a report released on Wednesday. The brokerage set an “outperform” rating and a $27.00 price target on the basic materials company’s stock. BMO Capital Markets’ price target points to a potential upside of 50.38% from the stock’s current price.

Other equities research analysts have also issued research reports about the company. Wall Street Zen raised Coeur Mining from a “hold” rating to a “buy” rating in a research note on Sunday, December 21st. Royal Bank Of Canada increased their price objective on Coeur Mining from $22.00 to $26.00 and gave the company an “outperform” rating in a research report on Thursday, February 12th. Weiss Ratings upgraded Coeur Mining from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Friday, March 13th. TD Cowen upgraded shares of Coeur Mining to a “strong-buy” rating in a research report on Monday, December 1st. Finally, Zacks Research cut shares of Coeur Mining from a “strong-buy” rating to a “hold” rating in a research note on Friday, February 20th. Two investment analysts have rated the stock with a Strong Buy rating, eight have issued a Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat, Coeur Mining presently has a consensus rating of “Moderate Buy” and a consensus target price of $24.67.

Coeur Mining Price Performance

Shares of NYSE:CDE traded down $0.36 during trading on Wednesday, reaching $17.96. The company had a trading volume of 7,409,391 shares, compared to its average volume of 28,173,098. The company has a fifty day moving average of $22.58 and a two-hundred day moving average of $19.27. The company has a current ratio of 2.47, a quick ratio of 1.66 and a debt-to-equity ratio of 0.10. The stock has a market capitalization of $11.52 billion, a P/E ratio of 20.92 and a beta of 1.16. Coeur Mining has a 12 month low of $4.58 and a 12 month high of $27.77.

Coeur Mining (NYSE:CDE) last posted its quarterly earnings data on Wednesday, February 18th. The basic materials company reported $0.35 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.43 by ($0.08). Coeur Mining had a return on equity of 18.75% and a net margin of 28.31%.The company had revenue of $674.85 million for the quarter, compared to the consensus estimate of $668.70 million. During the same period in the prior year, the firm posted $0.11 earnings per share. The business’s revenue was up 120.9% on a year-over-year basis. Equities research analysts forecast that Coeur Mining will post 0.58 earnings per share for the current year.

Hedge Funds Weigh In On Coeur Mining

A number of hedge funds have recently modified their holdings of CDE. Up Capital Management Inc. purchased a new stake in shares of Coeur Mining during the fourth quarter worth about $228,000. Rockefeller Capital Management L.P. increased its holdings in Coeur Mining by 0.9% during the 4th quarter. Rockefeller Capital Management L.P. now owns 122,722 shares of the basic materials company’s stock valued at $2,188,000 after purchasing an additional 1,142 shares during the period. Sankala Group LLC bought a new position in Coeur Mining during the 4th quarter valued at approximately $140,000. Alpine Global Management LLC purchased a new stake in Coeur Mining in the 4th quarter worth approximately $198,000. Finally, Ketron Financial bought a new stake in shares of Coeur Mining in the 4th quarter worth approximately $214,000. Hedge funds and other institutional investors own 63.01% of the company’s stock.

About Coeur Mining

Coeur Mining, Inc is a publicly traded precious metals mining company headquartered in Chicago, Illinois. The company specializes in the exploration, development and production of silver and gold deposits, with a focus on high-grade underground and open-pit operations. Through a combination of operating mines and advanced exploration projects, Coeur Mining seeks to deliver consistent production of silver and gold bullion while maintaining industry standards for safety, environmental stewardship and cost management.

Coeur Mining’s portfolio includes five principal operating mines and several exploration projects across North America and Australia.