Coeur Mining (CDE) Given a $9.50 Price Target at BMO Capital Markets

Coeur Mining (NYSE:CDE) received a $9.50 target price from research analysts at BMO Capital Markets in a research note issued to investors on Friday. The brokerage currently has a “buy” rating on the basic materials company’s stock. BMO Capital Markets’ price target suggests a potential upside of 32.13% from the company’s previous close.

Other analysts have also recently issued research reports about the stock. Royal Bank of Canada set a $11.00 price objective on shares of Coeur Mining and gave the stock a “buy” rating in a research note on Friday, October 27th. Roth Capital dropped their price objective on shares of Coeur Mining from $12.50 to $10.00 and set a “buy” rating for the company in a research note on Friday, October 27th. Noble Financial reiterated a “hold” rating on shares of Coeur Mining in a research note on Thursday, January 11th. Zacks Investment Research upgraded shares of Coeur Mining from a “strong sell” rating to a “hold” rating in a research note on Tuesday, January 2nd. Finally, Raymond James Financial upgraded shares of Coeur Mining from a “market perform” rating to an “outperform” rating and lifted their price objective for the stock from $10.25 to $10.50 in a research note on Tuesday, November 21st. Three research analysts have rated the stock with a sell rating, three have assigned a hold rating and five have given a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average price target of $10.21.

Shares of Coeur Mining (NYSE:CDE) traded down $0.44 during mid-day trading on Friday, hitting $7.19. 5,211,708 shares of the company traded hands, compared to its average volume of 3,411,246. The company has a market cap of $1,420.00, a P/E ratio of 119.83 and a beta of 0.55. The company has a quick ratio of 2.51, a current ratio of 3.68 and a debt-to-equity ratio of 0.36. Coeur Mining has a 1-year low of $6.71 and a 1-year high of $10.24.

Coeur Mining (NYSE:CDE) last issued its quarterly earnings data on Wednesday, February 7th. The basic materials company reported $0.08 earnings per share for the quarter, hitting the consensus estimate of $0.08. Coeur Mining had a negative net margin of 2.41% and a negative return on equity of 1.37%. The business had revenue of $214.60 million during the quarter, compared to analysts’ expectations of $228.64 million. During the same quarter in the previous year, the company earned $0.34 EPS. The business’s revenue was up 54.2% on a year-over-year basis. equities research analysts anticipate that Coeur Mining will post -0.03 earnings per share for the current fiscal year.

In other news, COO Frank L. Jr. Hanagarne sold 5,684 shares of the business’s stock in a transaction that occurred on Friday, January 12th. The shares were sold at an average price of $8.50, for a total value of $48,314.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 1.30% of the stock is owned by insiders.

Several large investors have recently modified their holdings of the company. BlackRock Inc. raised its position in shares of Coeur Mining by 1.7% in the 4th quarter. BlackRock Inc. now owns 11,963,568 shares of the basic materials company’s stock valued at $89,726,000 after buying an additional 199,457 shares in the last quarter. Dimensional Fund Advisors LP raised its position in shares of Coeur Mining by 29.5% in the 3rd quarter. Dimensional Fund Advisors LP now owns 6,029,110 shares of the basic materials company’s stock valued at $55,408,000 after buying an additional 1,374,250 shares in the last quarter. Investec Asset Management LTD raised its position in shares of Coeur Mining by 0.5% in the 3rd quarter. Investec Asset Management LTD now owns 3,375,037 shares of the basic materials company’s stock valued at $31,017,000 after buying an additional 18,285 shares in the last quarter. Global X Management Co. LLC raised its position in shares of Coeur Mining by 8.4% in the 4th quarter. Global X Management Co. LLC now owns 2,547,523 shares of the basic materials company’s stock valued at $19,106,000 after buying an additional 197,712 shares in the last quarter. Finally, Northern Trust Corp raised its position in shares of Coeur Mining by 10.0% in the 2nd quarter. Northern Trust Corp now owns 2,453,075 shares of the basic materials company’s stock valued at $21,048,000 after buying an additional 222,044 shares in the last quarter. Institutional investors own 69.31% of the company’s stock.

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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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