Coeur Mining’s (CDE) Buy Rating Reiterated at BMO Capital Markets

BMO Capital Markets reiterated their buy rating on shares of Coeur Mining, Inc. (NYSE:CDE) in a report issued on Wednesday morning.

Several other research analysts also recently commented on CDE. Royal Bank Of Canada reissued a buy rating and set a $14.00 price target on shares of Coeur Mining in a research note on Wednesday, May 24th. BidaskClub raised shares of Coeur Mining from a hold rating to a buy rating in a research note on Saturday, June 10th. Roth Capital set a $13.00 target price on shares of Coeur Mining and gave the stock a buy rating in a research note on Wednesday, June 14th. Noble Financial reaffirmed a hold rating on shares of Coeur Mining in a research note on Friday, July 28th. Finally, Zacks Investment Research downgraded shares of Coeur Mining from a hold rating to a sell rating in a research note on Thursday, August 10th. Three equities research analysts have rated the stock with a sell rating, four have issued a hold rating and five have given a buy rating to the stock. The stock currently has a consensus rating of Hold and an average price target of $11.23.

Coeur Mining (NYSE CDE) opened at 9.28 on Wednesday. The firm has a market capitalization of $1.68 billion, a PE ratio of 24.10 and a beta of 0.47. Coeur Mining has a 12 month low of $7.30 and a 12 month high of $13.65. The firm has a 50-day moving average of $8.39 and a 200 day moving average of $8.61.

Coeur Mining (NYSE:CDE) last posted its quarterly earnings results on Wednesday, July 26th. The basic materials company reported ($0.01) EPS for the quarter, hitting the consensus estimate of ($0.01). The firm had revenue of $173.40 million for the quarter, compared to the consensus estimate of $174.70 million. Coeur Mining had a net margin of 9.65% and a return on equity of 10.44%. The business’s revenue was down 4.7% compared to the same quarter last year. During the same period last year, the firm posted $0.09 earnings per share. Equities research analysts forecast that Coeur Mining will post $0.12 earnings per share for the current year.

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In related news, CFO Peter C. Mitchell sold 10,000 shares of Coeur Mining stock in a transaction on Monday, July 31st. The shares were sold at an average price of $8.19, for a total value of $81,900.00. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, COO Frank L. Jr. Hanagarne sold 28,800 shares of Coeur Mining stock in a transaction on Monday, August 28th. The shares were sold at an average price of $8.50, for a total transaction of $244,800.00. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 48,800 shares of company stock worth $419,200. 1.30% of the stock is owned by insiders.

A number of large investors have recently added to or reduced their stakes in CDE. BlackRock Inc. boosted its holdings in Coeur Mining by 56,698.4% in the first quarter. BlackRock Inc. now owns 11,538,591 shares of the basic materials company’s stock valued at $93,231,000 after acquiring an additional 11,518,276 shares in the last quarter. Van ECK Associates Corp boosted its holdings in Coeur Mining by 46.8% in the second quarter. Van ECK Associates Corp now owns 18,611,685 shares of the basic materials company’s stock valued at $159,688,000 after acquiring an additional 5,933,383 shares in the last quarter. GMT Capital Corp boosted its holdings in Coeur Mining by 47.7% in the first quarter. GMT Capital Corp now owns 11,747,789 shares of the basic materials company’s stock valued at $94,922,000 after acquiring an additional 3,792,700 shares in the last quarter. Investec Asset Management LTD bought a new stake in Coeur Mining in the second quarter valued at $28,801,000. Finally, Dimensional Fund Advisors LP boosted its holdings in Coeur Mining by 65.4% in the second quarter. Dimensional Fund Advisors LP now owns 4,654,860 shares of the basic materials company’s stock valued at $39,939,000 after acquiring an additional 1,840,601 shares in the last quarter. Institutional investors and hedge funds own 68.90% of the company’s stock.

About Coeur Mining

Coeur Mining, Inc is a gold and silver producer. The Company has its mines located in the United States, Mexico, and Bolivia and exploration projects in Mexico and Argentina. Its segments include Palmarejo, Rochester, Kensington, Wharf, San Bartolome mines, Coeur Capital and Other. The Palmarejo complex is located in the state of Chihuahua, Mexico.

Analyst Recommendations for Coeur Mining (NYSE:CDE)

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