BMO Capital Markets set a $12.00 price objective on Coeur Mining, Inc. (NYSE:CDE) in a report published on Tuesday. The firm currently has a buy rating on the basic materials company’s stock.

A number of other research firms have also recently issued reports on CDE. Royal Bank Of Canada reissued a buy rating on shares of Coeur Mining in a research note on Wednesday, September 27th. Raymond James Financial, Inc. increased their target price on Coeur Mining from $9.50 to $12.50 and gave the stock a market perform rating in a research note on Friday, September 15th. Noble Financial reissued a hold rating on shares of Coeur Mining in a research note on Tuesday, October 31st. BidaskClub cut Coeur Mining from a sell rating to a strong sell rating in a research note on Saturday, August 5th. Finally, Zacks Investment Research raised Coeur Mining from a sell rating to a hold rating in a research note on Tuesday, October 10th. Three 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. Coeur Mining currently has a consensus rating of Hold and a consensus price target of $10.84.

Shares of Coeur Mining (CDE) opened at $7.37 on Tuesday. The company has a debt-to-equity ratio of 0.36, a quick ratio of 2.51 and a current ratio of 3.68. Coeur Mining has a 52-week low of $6.98 and a 52-week high of $12.30.

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

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In other news, SVP Hans John Rasmussen sold 10,000 shares of the stock in a transaction that occurred on Friday, September 15th. The stock was sold at an average price of $9.25, for a total value of $92,500.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, COO Frank L. Jr. Hanagarne sold 28,800 shares of the stock in a transaction that occurred on Monday, August 28th. The shares were sold at an average price of $8.50, for a total value of $244,800.00. The disclosure for this sale can be found here. In the last three months, insiders sold 83,610 shares of company stock valued at $708,955. 1.30% of the stock is currently owned by insiders.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in CDE. UBS Asset Management Americas Inc. boosted its holdings in shares of Coeur Mining by 68.3% in the 1st quarter. UBS Asset Management Americas Inc. now owns 116,890 shares of the basic materials company’s stock valued at $944,000 after buying an additional 47,441 shares during the last quarter. Legal & General Group Plc boosted its holdings in shares of Coeur Mining by 30.5% in the 1st quarter. Legal & General Group Plc now owns 76,038 shares of the basic materials company’s stock valued at $610,000 after buying an additional 17,755 shares during the last quarter. Geode Capital Management LLC boosted its holdings in shares of Coeur Mining by 7.6% in the 1st quarter. Geode Capital Management LLC now owns 1,392,469 shares of the basic materials company’s stock valued at $11,251,000 after buying an additional 98,293 shares during the last quarter. Dimensional Fund Advisors LP boosted its holdings in shares of Coeur Mining by 19.2% in the 1st quarter. Dimensional Fund Advisors LP now owns 2,814,259 shares of the basic materials company’s stock valued at $22,738,000 after buying an additional 453,663 shares during the last quarter. Finally, UBS Group AG boosted its holdings in shares of Coeur Mining by 9.8% in the 1st quarter. UBS Group AG now owns 14,178 shares of the basic materials company’s stock valued at $115,000 after buying an additional 1,267 shares during the last quarter. 67.93% of the stock is 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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