National Bank Financial Reiterates “Outperform Spec Market Weight” Rating for Coeur Mining (NYSE:CDE)

Coeur Mining (NYSE:CDE)‘s stock had its “outperform spec market weight” rating reissued by stock analysts at National Bank Financial in a research report issued on Monday.

A number of other equities research analysts have also recently issued reports on CDE. BMO Capital Markets upped their price objective on shares of Coeur Mining from $3.50 to $4.25 and gave the stock a “market perform” rating in a report on Wednesday. Raymond James upped their price objective on shares of Coeur Mining from $3.75 to $4.00 and gave the company a “market perform” rating in a research report on Monday. Roth Capital reaffirmed a “buy” rating on shares of Coeur Mining in a research report on Tuesday. Finally, Roth Mkm began coverage on shares of Coeur Mining in a research report on Tuesday. They issued a “buy” rating and a $5.40 price target for the company. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and seven have assigned a buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $4.21.

Coeur Mining Stock Up 1.4 %

Coeur Mining stock opened at $4.79 on Monday. Coeur Mining has a 12 month low of $2.00 and a 12 month high of $5.37. The company’s fifty day simple moving average is $3.25 and its 200-day simple moving average is $2.91. The company has a debt-to-equity ratio of 0.51, a quick ratio of 0.38 and a current ratio of 0.92.

Coeur Mining (NYSE:CDE) last issued its quarterly earnings data on Wednesday, February 21st. The basic materials company reported ($0.02) earnings per share (EPS) for the quarter. The business had revenue of $262.10 million during the quarter. Coeur Mining had a negative return on equity of 7.79% and a negative net margin of 12.62%. On average, sell-side analysts predict that Coeur Mining will post -0.03 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Coeur Mining

Several institutional investors have recently added to or reduced their stakes in the stock. Moneta Group Investment Advisors LLC lifted its position in Coeur Mining by 99,607.1% during the 4th quarter. Moneta Group Investment Advisors LLC now owns 170,843,155 shares of the basic materials company’s stock worth $574,033,000 after buying an additional 170,671,810 shares in the last quarter. State Street Corp lifted its position in Coeur Mining by 56.5% during the 1st quarter. State Street Corp now owns 27,794,163 shares of the basic materials company’s stock worth $123,684,000 after buying an additional 10,035,506 shares in the last quarter. BlackRock Inc. lifted its position in Coeur Mining by 21.6% during the 2nd quarter. BlackRock Inc. now owns 32,638,874 shares of the basic materials company’s stock worth $92,694,000 after buying an additional 5,798,848 shares in the last quarter. Jupiter Asset Management Ltd. lifted its position in Coeur Mining by 95.9% during the 3rd quarter. Jupiter Asset Management Ltd. now owns 10,246,050 shares of the basic materials company’s stock worth $22,746,000 after buying an additional 5,017,119 shares in the last quarter. Finally, Vanguard Group Inc. lifted its position in Coeur Mining by 12.5% during the 4th quarter. Vanguard Group Inc. now owns 35,854,316 shares of the basic materials company’s stock worth $116,885,000 after buying an additional 3,989,352 shares in the last quarter. 63.01% of the stock is owned by institutional investors.

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.