Coeur Mining (NYSE:CDE) Research Coverage Started at BMO Capital Markets

BMO Capital Markets initiated coverage on shares of Coeur Mining (NYSE:CDEFree Report) in a report issued on Wednesday morning. The firm issued an outperform rating and a $27.00 target price on the basic materials company’s stock.

Other equities research analysts have also recently issued research reports about the company. Canaccord Genuity Group cut Coeur Mining from a “buy” rating to a “hold” rating in a research note on Friday, February 20th. Royal Bank Of Canada lifted their price objective on Coeur Mining from $22.00 to $26.00 and gave the stock an “outperform” rating in a research note on Thursday, February 12th. Weiss Ratings upgraded Coeur Mining from a “hold (c+)” rating to a “buy (b-)” rating in a report on Friday, March 13th. TD Cowen raised shares of Coeur Mining to a “strong-buy” rating in a research report on Monday, December 1st. Finally, Roth Mkm restated a “buy” rating and set a $29.00 price target on shares of Coeur Mining in a report on Thursday, February 19th. Two research analysts have rated the stock with a Strong Buy rating, eight have issued a Buy rating and four have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, Coeur Mining currently has an average rating of “Moderate Buy” and a consensus price target of $24.67.

Get Our Latest Stock Analysis on CDE

Coeur Mining Price Performance

Shares of NYSE:CDE opened at $17.08 on Wednesday. The firm has a market cap of $10.96 billion, a PE ratio of 19.63 and a beta of 1.16. The firm’s fifty day moving average is $22.31 and its 200-day moving average is $19.26. The company has a debt-to-equity ratio of 0.10, a quick ratio of 1.66 and a current ratio of 2.47. Coeur Mining has a 52 week low of $4.58 and a 52 week high of $27.77.

Coeur Mining (NYSE:CDEGet Free Report) last posted its quarterly earnings data on Wednesday, February 18th. The basic materials company reported $0.35 earnings per share for the quarter, missing analysts’ consensus estimates of $0.43 by ($0.08). The company had revenue of $674.85 million during the quarter, compared to analyst estimates of $668.70 million. Coeur Mining had a net margin of 28.31% and a return on equity of 18.75%. The business’s revenue for the quarter was up 120.9% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.11 earnings per share. Sell-side analysts predict that Coeur Mining will post 0.58 earnings per share for the current year.

Institutional Investors Weigh In On Coeur Mining

Institutional investors and hedge funds have recently made changes to their positions in the business. Triumph Capital Management increased its holdings in Coeur Mining by 300.0% in the fourth quarter. Triumph Capital Management now owns 1,600 shares of the basic materials company’s stock worth $29,000 after purchasing an additional 1,200 shares in the last quarter. EverSource Wealth Advisors LLC boosted its holdings in shares of Coeur Mining by 74.2% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 3,368 shares of the basic materials company’s stock worth $30,000 after buying an additional 1,435 shares in the last quarter. Kingdom Financial Group LLC. acquired a new stake in shares of Coeur Mining during the 4th quarter worth approximately $32,000. Kemnay Advisory Services Inc. acquired a new stake in shares of Coeur Mining during the 4th quarter worth approximately $33,000. Finally, Transamerica Financial Advisors LLC bought a new stake in shares of Coeur Mining in the 4th quarter valued at $34,000. Institutional investors own 63.01% of the company’s stock.

Key Stories Impacting Coeur Mining

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About Coeur Mining

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Coeur Mining, Inc is a publicly traded precious metals mining company headquartered in Chicago, Illinois. The company specializes in the exploration, development and production of silver and gold deposits, with a focus on high-grade underground and open-pit operations. Through a combination of operating mines and advanced exploration projects, Coeur Mining seeks to deliver consistent production of silver and gold bullion while maintaining industry standards for safety, environmental stewardship and cost management.

Coeur Mining’s portfolio includes five principal operating mines and several exploration projects across North America and Australia.

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Analyst Recommendations for Coeur Mining (NYSE:CDE)

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