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

Coeur Mining (NYSE:CDE - Get Free Report) was upgraded by analysts at BMO Capital Markets from a "market perform" rating to an "outperform" rating in a research report issued to clients and investors on Friday, MarketBeat reports. The firm currently has a $5.50 price target on the basic materials company's stock, up from their previous price target of $4.25. BMO Capital Markets' target price indicates a potential upside of 12.70% from the company's previous close.

Other research analysts have also recently issued research reports about the company. Roth Capital restated a "buy" rating on shares of Coeur Mining in a research report on Tuesday, April 9th. Roth Mkm initiated coverage on Coeur Mining in a research report on Tuesday, April 9th. They issued a "buy" rating and a $5.40 price target on the stock. National Bank Financial reaffirmed an "outperform spec market weight" rating on shares of Coeur Mining in a research note on Monday, April 8th. Finally, Raymond James raised their price objective on Coeur Mining from $3.75 to $4.00 and gave the company a "market perform" rating in a research note on Monday, April 8th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $4.36.

Coeur Mining Stock Performance

CDE stock traded up $0.09 during trading hours on Friday, hitting $4.88. 6,442,673 shares of the stock were exchanged, compared to its average volume of 7,592,039. The company has a current ratio of 0.92, a quick ratio of 0.38 and a debt-to-equity ratio of 0.51. The firm has a market capitalization of $1.90 billion, a P/E ratio of -15.74 and a beta of 1.77. The company has a 50-day simple moving average of $3.83 and a two-hundred day simple moving average of $3.15. Coeur Mining has a 12 month low of $2.00 and a 12 month high of $5.47.

Coeur Mining (NYSE:CDE - Get Free Report) last posted its quarterly earnings data on Wednesday, May 1st. The basic materials company reported ($0.05) earnings per share for the quarter, topping the consensus estimate of ($0.06) by $0.01. Coeur Mining had a negative return on equity of 6.27% and a negative net margin of 12.77%. The firm had revenue of $213.10 million for the quarter, compared to analysts' expectations of $203.43 million. During the same quarter last year, the business earned ($0.11) EPS. The company's quarterly revenue was up 13.8% compared to the same quarter last year. On average, analysts forecast that Coeur Mining will post -0.04 earnings per share for the current fiscal year.

Institutional Trading of Coeur Mining

Hedge funds have recently made changes to their positions in the company. Atria Wealth Solutions Inc. acquired a new stake in shares of Coeur Mining during the fourth quarter valued at about $33,000. Ballentine Partners LLC bought a new position in shares of Coeur Mining during the first quarter worth about $46,000. Forum Financial Management LP bought a new position in shares of Coeur Mining during the fourth quarter worth about $40,000. StoneX Group Inc. bought a new position in shares of Coeur Mining during the first quarter worth about $49,000. Finally, &PARTNERS bought a new position in shares of Coeur Mining during the first quarter worth about $54,000. 63.01% of the stock is owned by institutional investors and hedge funds.

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.