Coeur Mining (NYSE:CDE) Upgraded at BMO Capital Markets

BMO Capital Markets upgraded shares of Coeur Mining (NYSE:CDE) from a market perform rating to an outperform rating in a research note published on Friday, MarketBeat Ratings reports. The firm currently has $5.50 price target on the basic materials company’s stock, up from their prior price target of $4.25.

A number of other equities research analysts have also issued reports on CDE. National Bank Financial reaffirmed an outperform spec market weight rating on shares of Coeur Mining in a report on Monday, April 8th. Roth Mkm initiated coverage on shares of Coeur Mining in a report on Tuesday, April 9th. They set a buy rating and a $5.40 target price for the company. Roth Capital reaffirmed a buy rating on shares of Coeur Mining in a report on Tuesday, April 9th. Finally, Raymond James upped their target price on shares of Coeur Mining from $3.75 to $4.00 and gave the stock a market perform rating in a report on Monday, April 8th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and eight have given a buy rating to the company. According to data from MarketBeat.com, Coeur Mining has an average rating of Moderate Buy and an average target price of $4.36.

Coeur Mining Stock Performance

NYSE:CDE opened at $4.88 on Friday. 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 company has a fifty day moving average of $3.87 and a two-hundred day moving average of $3.18. The stock has a market capitalization of $1.95 billion, a PE ratio of -15.74 and a beta of 1.77. Coeur Mining has a fifty-two week low of $2.00 and a fifty-two week high of $5.47.

Coeur Mining (NYSE:CDE) last posted its quarterly earnings data on Wednesday, May 1st. The basic materials company reported ($0.05) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.06) by $0.01. The company had revenue of $213.10 million during the quarter, compared to analysts’ expectations of $203.43 million. Coeur Mining had a negative net margin of 12.77% and a negative return on equity of 6.27%. The firm’s revenue for the quarter was up 13.8% on a year-over-year basis. During the same period in the prior year, the business posted ($0.11) earnings per share. As a group, research analysts forecast that Coeur Mining will post -0.04 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of CDE. Jupiter Asset Management Ltd. lifted its position in Coeur Mining by 95.9% in the third quarter. Jupiter Asset Management Ltd. now owns 10,246,050 shares of the basic materials company’s stock valued at $22,746,000 after buying an additional 5,017,119 shares during the last quarter. Vanguard Group Inc. lifted its position in Coeur Mining by 12.5% in the fourth quarter. Vanguard Group Inc. now owns 35,854,316 shares of the basic materials company’s stock valued at $116,885,000 after buying an additional 3,989,352 shares during the last quarter. Van ECK Associates Corp lifted its position in Coeur Mining by 10.9% in the fourth quarter. Van ECK Associates Corp now owns 36,279,058 shares of the basic materials company’s stock valued at $118,269,000 after buying an additional 3,556,959 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. lifted its position in Coeur Mining by 22.0% in the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 9,457,720 shares of the basic materials company’s stock valued at $30,832,000 after buying an additional 1,702,840 shares during the last quarter. Finally, Deutsche Bank AG lifted its position in Coeur Mining by 164.4% in the third quarter. Deutsche Bank AG now owns 2,287,978 shares of the basic materials company’s stock valued at $5,079,000 after buying an additional 1,422,710 shares during the last quarter. Institutional investors and hedge funds 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.