Bank of Montreal Can Increases Stock Position in Coeur Mining, Inc. (NYSE:CDE)

Bank of Montreal Can grew its holdings in shares of Coeur Mining, Inc. (NYSE:CDE - Free Report) by 19.1% in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 804,183 shares of the basic materials company's stock after purchasing an additional 129,117 shares during the quarter. Bank of Montreal Can owned about 0.20% of Coeur Mining worth $4,520,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in CDE. CWM LLC lifted its holdings in shares of Coeur Mining by 831.5% in the second quarter. CWM LLC now owns 5,030 shares of the basic materials company's stock worth $28,000 after buying an additional 4,490 shares in the last quarter. Hohimer Wealth Management LLC purchased a new position in shares of Coeur Mining during the second quarter worth approximately $57,000. WINTON GROUP Ltd purchased a new position in shares of Coeur Mining during the second quarter worth approximately $57,000. CIBC Asset Management Inc purchased a new position in shares of Coeur Mining during the second quarter worth approximately $59,000. Finally, Ballentine Partners LLC purchased a new position in shares of Coeur Mining during the first quarter worth approximately $46,000. Institutional investors own 63.01% of the company's stock.

Wall Street Analysts Forecast Growth

Several research firms have commented on CDE. Cantor Fitzgerald downgraded shares of Coeur Mining from an "overweight" rating to a "neutral" rating in a research note on Thursday, August 8th. BMO Capital Markets raised their target price on shares of Coeur Mining from $7.50 to $8.00 and gave the stock an "outperform" rating in a report on Monday, September 23rd. Roth Mkm raised their target price on shares of Coeur Mining from $8.00 to $8.50 and gave the stock a "buy" rating in a report on Wednesday, September 25th. Finally, Raymond James raised their target price on shares of Coeur Mining from $6.25 to $7.00 and gave the stock a "market perform" rating in a report on Friday, September 20th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and three have given a buy rating to the company's stock. According to MarketBeat, the stock has a consensus rating of "Hold" and an average target price of $7.83.

Coeur Mining Stock Performance

NYSE:CDE opened at $6.91 on Wednesday. The stock has a market cap of $2.76 billion, a P/E ratio of -22.27 and a beta of 1.64. The firm's fifty day simple moving average is $6.22 and its 200 day simple moving average is $5.55. Coeur Mining, Inc. has a twelve month low of $2.00 and a twelve month high of $7.72. The company has a quick ratio of 0.45, a current ratio of 1.20 and a debt-to-equity ratio of 0.59.

Coeur Mining (NYSE:CDE - Get Free Report) last released its quarterly earnings results on Wednesday, August 7th. The basic materials company reported ($0.01) earnings per share for the quarter, beating the consensus estimate of ($0.02) by $0.01. The business had revenue of $222.03 million for the quarter, compared to analysts' expectations of $242.18 million. Coeur Mining had a negative net margin of 8.33% and a negative return on equity of 4.59%. The firm's revenue for the quarter was up 25.3% compared to the same quarter last year. During the same quarter in the previous year, the business posted ($0.06) earnings per share. As a group, research analysts predict that Coeur Mining, Inc. will post 0.08 EPS for the current year.

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.