Coeur Mining (CDE) Given a $12.00 Price Target by BMO Capital Markets Analysts

BMO Capital Markets set a $12.00 price objective on Coeur Mining (NYSE:CDE) in a report published on Tuesday, November 14th. The brokerage currently has a buy rating on the basic materials company’s stock.

A number of other brokerages have also issued reports on CDE. Royal Bank Of Canada reiterated a buy rating on shares of Coeur Mining in a research report on Wednesday, September 27th. Raymond James Financial raised their price objective on Coeur Mining from $9.50 to $12.50 and gave the company a market perform rating in a report on Friday, September 15th. Noble Financial restated a hold rating on shares of Coeur Mining in a report on Tuesday, October 31st. BidaskClub lowered Coeur Mining from a sell rating to a strong sell rating in a report on Saturday, August 5th. Finally, Zacks Investment Research raised Coeur Mining from a sell rating to a hold rating in a research note on Tuesday, October 10th. Three investment analysts have rated the stock with a sell rating, three have issued a hold rating and six have given a buy rating to the company’s stock. The company presently has an average rating of Hold and a consensus price target of $10.55.

Coeur Mining (CDE) traded up $0.04 on Tuesday, hitting $7.66. 2,430,000 shares of the stock traded hands, compared to its average volume of 1,840,064. Coeur Mining has a 12-month low of $6.98 and a 12-month high of $12.30. The company has a debt-to-equity ratio of 0.36, a quick ratio of 2.51 and a current ratio of 3.68.

Coeur Mining (NYSE:CDE) last released its quarterly earnings data on Wednesday, October 25th. The basic materials company reported ($0.10) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.07 by ($0.17). Coeur Mining had a negative return on equity of 1.37% and a negative net margin of 2.41%. The company had revenue of $176.00 million during the quarter, compared to analysts’ expectations of $185.09 million. During the same quarter in the prior year, the company posted $0.23 EPS. The company’s revenue for the quarter was up 1.5% on a year-over-year basis. analysts anticipate that Coeur Mining will post -0.05 earnings per share for the current fiscal year.

In related news, CFO Peter C. Mitchell sold 10,000 shares of the business’s stock in a transaction that occurred on Monday, October 30th. The stock was sold at an average price of $7.67, for a total transaction of $76,700.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, COO Frank L. Jr. Hanagarne sold 10,310 shares of the business’s stock in a transaction that occurred on Monday, October 2nd. The stock was sold at an average price of $9.29, for a total value of $95,779.90. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 54,810 shares of company stock valued at $464,155. 1.30% of the stock is currently owned by corporate insiders.

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Aperio Group LLC increased its position in Coeur Mining by 5.9% during the second quarter. Aperio Group LLC now owns 44,435 shares of the basic materials company’s stock worth $381,000 after buying an additional 2,482 shares during the period. Van ECK Associates Corp increased its holdings in shares of Coeur Mining by 46.8% in the second quarter. Van ECK Associates Corp now owns 18,611,685 shares of the basic materials company’s stock valued at $159,688,000 after purchasing an additional 5,933,383 shares during the period. Marshall Wace North America L.P. acquired a new position in shares of Coeur Mining in the second quarter valued at approximately $689,000. BlackRock Inc. increased its holdings in shares of Coeur Mining by 56,698.4% in the first quarter. BlackRock Inc. now owns 11,538,591 shares of the basic materials company’s stock valued at $93,231,000 after purchasing an additional 11,518,276 shares during the period. Finally, Investec Asset Management LTD acquired a new position in shares of Coeur Mining in the second quarter valued at approximately $28,801,000. 69.76% of the stock is currently owned by institutional investors.

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About Coeur Mining

Coeur Mining, Inc is a gold and silver producer. The Company has its mines located in the United States, Mexico, and Bolivia and exploration projects in Mexico and Argentina. Its segments include Palmarejo, Rochester, Kensington, Wharf, San Bartolome mines, Coeur Capital and Other. The Palmarejo complex is located in the state of Chihuahua, Mexico.

Analyst Recommendations for Coeur Mining (NYSE:CDE)

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