BMO Capital Markets Initiates Coverage on Coeur Mining (NYSE:CDE)

BMO Capital Markets started coverage on shares of Coeur Mining (NYSE:CDE) in a research report sent to investors on Tuesday morning, Marketbeat Ratings reports. The firm issued an outperform rating and a $9.00 target price on the basic materials company’s stock.

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

Coeur Mining Price Performance

NYSE:CDE opened at $6.11 on Tuesday. The stock has a market cap of $2.44 billion, a P/E ratio of -203.43 and a beta of 1.59. Coeur Mining has a one year low of $2.42 and a one year high of $7.72. The company has a fifty day moving average price of $6.35 and a 200 day moving average price of $6.40. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.09 and a quick ratio of 0.39.

Coeur Mining (NYSE:CDE) last announced its quarterly earnings results on Wednesday, February 19th. The basic materials company reported $0.11 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.11. The firm had revenue of $305.40 million for the quarter, compared to analyst estimates of $314.32 million. Coeur Mining had a negative net margin of 0.44% and a positive return on equity of 1.78%. Analysts anticipate that Coeur Mining will post 0.21 earnings per share for the current year.

Institutional Investors Weigh In On Coeur Mining

Large investors have recently made changes to their positions in the company. GAMMA Investing LLC grew its holdings in shares of Coeur Mining by 139.8% in the 4th quarter. GAMMA Investing LLC now owns 5,761 shares of the basic materials company’s stock worth $33,000 after purchasing an additional 3,359 shares during the last quarter. Quarry LP grew its holdings in Coeur Mining by 853.8% during the 4th quarter. Quarry LP now owns 6,667 shares of the basic materials company’s stock worth $38,000 after acquiring an additional 5,968 shares during the last quarter. Optiver Holding B.V. grew its holdings in 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 worth $47,000 after acquiring an additional 4,903 shares during the last quarter. CWM LLC grew its holdings in Coeur Mining by 93.2% during the 3rd quarter. CWM LLC now owns 9,716 shares of the basic materials company’s stock worth $67,000 after acquiring an additional 4,686 shares during the last quarter. Finally, FNY Investment Advisers LLC bought a new stake in Coeur Mining during the 4th quarter worth about $57,000. Institutional investors own 63.01% of the company’s stock.

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.