Coeur Mining (NYSE:CDE) Now Covered by Analysts at BMO Capital Markets

Equities researchers at BMO Capital Markets started coverage on shares of Coeur Mining (NYSE:CDE - Get Free Report) in a research report issued to clients and investors on Tuesday, MarketBeat.com reports. The brokerage set an "outperform" rating and a $9.00 price target on the basic materials company's stock. BMO Capital Markets' price target suggests a potential upside of 65.29% from the company's previous close.

CDE has been the subject of a number of other research reports. StockNews.com raised shares of Coeur Mining from a "sell" rating to a "hold" rating in a research note on Friday, November 8th. 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 research note on Friday, November 8th. Finally, Cantor Fitzgerald raised shares of Coeur Mining from a "hold" rating to a "strong-buy" rating in a research note on Thursday, November 7th. One analyst has rated the stock with a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of "Buy" and an average price target of $8.31.

Coeur Mining Price Performance

NYSE:CDE traded down $0.66 during mid-day trading on Tuesday, hitting $5.45. 35,205,116 shares of the stock traded hands, compared to its average volume of 17,489,305. The business's 50-day moving average price is $6.33 and its 200 day moving average price is $6.39. The company has a market cap of $2.17 billion, a PE ratio of 45.38 and a beta of 1.59. Coeur Mining has a 12-month low of $2.42 and a 12-month high of $7.72. The company has a quick ratio of 0.39, a current ratio of 1.09 and a debt-to-equity ratio of 0.53.

Coeur Mining (NYSE:CDE - Get Free Report) last issued its quarterly earnings data on Wednesday, February 19th. The basic materials company reported $0.11 EPS for the quarter, meeting the consensus estimate of $0.11. Coeur Mining had a net margin of 5.59% and a return on equity of 6.71%. The company had revenue of $305.40 million during the quarter, compared to analysts' expectations of $314.32 million. On average, analysts expect that Coeur Mining will post 0.58 EPS for the current fiscal year.

Institutional Investors Weigh In On Coeur Mining

A number of hedge funds have recently made changes to their positions in CDE. CWM LLC lifted its holdings in shares of Coeur Mining by 93.2% in 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. Creative Planning lifted its holdings in shares of Coeur Mining by 27.7% in the 3rd quarter. Creative Planning now owns 41,046 shares of the basic materials company's stock worth $282,000 after acquiring an additional 8,914 shares during the last quarter. U S Global Investors Inc. lifted its holdings in shares of Coeur Mining by 160.4% in the 3rd quarter. U S Global Investors Inc. now owns 586,000 shares of the basic materials company's stock worth $4,032,000 after acquiring an additional 361,000 shares during the last quarter. International Assets Investment Management LLC bought a new stake in Coeur Mining during the 3rd quarter valued at $142,000. Finally, Assenagon Asset Management S.A. raised its holdings in Coeur Mining by 37.5% during the 3rd quarter. Assenagon Asset Management S.A. now owns 437,322 shares of the basic materials company's stock valued at $3,009,000 after buying an additional 119,345 shares during the last quarter. 63.01% of the stock is currently owned by institutional investors.

Coeur Mining Company Profile

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.