BMO Capital Markets Reiterates $12.00 Price Target for Coeur Mining, Inc. (CDE)

BMO Capital Markets set a $12.00 price target on Coeur Mining, Inc. (NYSE:CDE) in a research note issued to investors on Tuesday. The firm currently has a buy rating on the basic materials company’s stock.

CDE has been the topic of several other reports. Noble Financial restated a hold rating on shares of Coeur Mining in a research report on Wednesday, September 13th. Royal Bank Of Canada restated an outperform rating on shares of Coeur Mining in a research report on Thursday, September 7th. Raymond James Financial, Inc. restated a market perform rating and issued a $9.50 price objective on shares of Coeur Mining in a research report on Thursday, September 7th. Roth Capital set a $13.00 price objective on Coeur Mining and gave the company a buy rating in a research report on Thursday, October 5th. Finally, UBS AG downgraded Coeur Mining from an outperform rating to a market perform rating in a research report on Thursday, September 7th. Three equities research analysts have rated the stock with a sell rating, four have issued a hold rating and five have assigned a buy rating to the company. The stock presently has a consensus rating of Hold and an average price target of $10.84.

Coeur Mining (NYSE CDE) traded up $0.06 during midday trading on Tuesday, reaching $7.09. The company had a trading volume of 1,636,200 shares, compared to its average volume of 3,191,274. The company has a current ratio of 3.68, a quick ratio of 2.51 and a debt-to-equity ratio of 0.36. Coeur Mining has a 12 month low of $6.98 and a 12 month high of $12.30.

Coeur Mining (NYSE:CDE) last released its earnings results on Wednesday, October 25th. The basic materials company reported ($0.10) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.07 by ($0.17). The company had revenue of $176.00 million for the quarter, compared to analysts’ expectations of $185.09 million. Coeur Mining had a negative net margin of 9.46% and a negative return on equity of 8.66%. Coeur Mining’s revenue for the quarter was up 1.5% on a year-over-year basis. During the same quarter last year, the firm posted $0.23 earnings per share. equities research analysts anticipate that Coeur Mining will post -0.05 EPS for the current year.

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In related news, CFO Peter C. Mitchell sold 10,000 shares of the business’s stock in a transaction dated Monday, October 30th. The stock was sold at an average price of $7.67, for a total value of $76,700.00. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, VP Mark Spurbeck sold 15,000 shares of the business’s stock in a transaction dated Friday, November 3rd. The stock was sold at an average price of $7.42, for a total value of $111,300.00. The disclosure for this sale can be found here. Insiders sold 83,610 shares of company stock worth $708,955 over the last quarter. 1.30% of the stock is owned by company insiders.

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Teacher Retirement System of Texas increased its stake in Coeur Mining by 1.3% during the second quarter. Teacher Retirement System of Texas now owns 14,587 shares of the basic materials company’s stock worth $125,000 after acquiring an additional 182 shares during the last quarter. Virtu KCG Holdings LLC increased its stake in Coeur Mining by 1.7% during the second quarter. Virtu KCG Holdings LLC now owns 34,538 shares of the basic materials company’s stock worth $293,000 after acquiring an additional 569 shares during the last quarter. Suntrust Banks Inc. increased its stake in Coeur Mining by 2.8% during the second quarter. Suntrust Banks Inc. now owns 22,566 shares of the basic materials company’s stock worth $193,000 after acquiring an additional 619 shares during the last quarter. Principal Financial Group Inc. increased its stake in Coeur Mining by 0.7% during the second quarter. Principal Financial Group Inc. now owns 99,301 shares of the basic materials company’s stock worth $852,000 after acquiring an additional 663 shares during the last quarter. Finally, Nationwide Fund Advisors increased its stake in Coeur Mining by 0.8% during the second quarter. Nationwide Fund Advisors now owns 106,748 shares of the basic materials company’s stock worth $916,000 after acquiring an additional 840 shares during the last quarter. 67.93% of the stock is currently owned by institutional investors.

Coeur Mining Company Profile

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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