Coeur Mining (NYSE:CDE) Stock Rating Reaffirmed by National Bank Financial

Coeur Mining (NYSE:CDE)‘s stock had its “outperform spec market weight” rating reissued by investment analysts at National Bank Financial in a report released on Monday.

A number of other analysts have also recently issued reports on the stock. BMO Capital Markets increased their price objective on shares of Coeur Mining from $3.50 to $4.25 and gave the stock a “market perform” rating in a research note on Wednesday. Raymond James increased their price target on Coeur Mining from $3.75 to $4.00 and gave the stock a “market perform” rating in a research note on Monday. Roth Mkm initiated coverage on Coeur Mining in a research report on Tuesday. They issued a “buy” rating and a $5.40 price objective on the stock. Finally, Roth Capital reaffirmed a “buy” rating on shares of Coeur Mining in a research note on Tuesday. One research analyst has rated the stock with a sell rating, two have given a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat.com, Coeur Mining has a consensus rating of “Moderate Buy” and an average price target of $4.21.

Coeur Mining Stock Performance

NYSE:CDE opened at $4.79 on Monday. The company has a debt-to-equity ratio of 0.51, a quick ratio of 0.38 and a current ratio of 0.92. The stock has a 50-day simple moving average of $3.25 and a two-hundred day simple moving average of $2.91. The firm has a market capitalization of $1.86 billion, a PE ratio of -15.43 and a beta of 1.82. Coeur Mining has a 52-week low of $2.00 and a 52-week high of $5.37.

Coeur Mining (NYSE:CDE) last announced its quarterly earnings data on Wednesday, February 21st. The basic materials company reported ($0.02) earnings per share (EPS) for the quarter. Coeur Mining had a negative net margin of 12.62% and a negative return on equity of 7.79%. The company had revenue of $262.10 million for the quarter. Analysts forecast that Coeur Mining will post -0.05 EPS for the current year.

Institutional Investors Weigh In On Coeur Mining

Large investors have recently made changes to their positions in the company. Atria Wealth Solutions Inc. purchased a new position in Coeur Mining during the 4th quarter valued at approximately $33,000. Alberta Investment Management Corp bought a new position in shares of Coeur Mining during the 2nd quarter valued at approximately $29,000. US Bancorp DE boosted its position in shares of Coeur Mining by 1,742.5% during the 4th quarter. US Bancorp DE now owns 10,355 shares of the basic materials company’s stock valued at $34,000 after acquiring an additional 9,793 shares during the last quarter. Virtu Financial LLC purchased a new position in shares of Coeur Mining in the fourth quarter valued at $34,000. Finally, First Trust Advisors LP bought a new stake in Coeur Mining in the fourth quarter worth $35,000. 63.01% of the stock is 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.