BMO Capital Markets Upgrades Coeur Mining Inc. to Outperform

Brokerage firm BMO Capital Markets upgrades its rating on Coeur Mining Inc. (NYSE:CDE). The shares have been rated outperform. Previously, the analysts had a Market Perform rating on the shares. The rating by BMO Capital was issued on May 12, 2016.

In a different note, On Apr 8, 2016, CIBC said it Downgrades its rating on Coeur Mining Inc. The shares have been rated ‘Sector Underperform’ by the firm. On Mar 23, 2016, Deutsche Bank said it Downgrades its rating on Coeur Mining Inc. The shares have been rated ‘Sell’ by the firm.

Coeur Mining Inc (CDE) made into the market gainers list on Thursdays trading session with the shares advancing 2.24% or 0.17 points. Due to strong positive momentum, the stock ended at $7.77, which is also near the day’s high of $7.85. The stock began the session at $7.43 and the volume stood at 48,84,789 shares. The 52-week high of the shares is $8.73 and the 52 week low is $1.62. The company has a current market capitalization of $1,190 M and it has 15,31,59,420 shares in outstanding.

Coeur Mining Inc(CDE) last announced its earnings results on Apr 27, 2016 for Fiscal Year 2016 and Q1.Company reported revenue of $148.39M. Analysts had an estimated revenue of $148.58M. Earnings per share were $-0.04. Analysts had estimated an EPS of $-0.16.

Several Insider Transactions has been reported to the SEC. On Apr 29, 2016, Robert E Mellor (Chairman (non-executive) purchased 2,000 shares at $7.84 per share price.Also, On Mar 17, 2016, Hans John Rasmussen (SVP, Exploration) sold 2,000 shares at $5.26 per share price.On Dec 15, 2015, Sebastian Edwards (director) sold 4,090 shares at $2.47 per share price, according to the Form-4 filing with the securities and exchange commission.

Coeur Mining Inc. (Coeur) is a silver producer. The Company has gold production and mines located in the United States, Mexico and Bolivia; a silver interest in Australia and exploration projects in Mexico and Argentina. The Company’s segments include Palmarejo San Bartolome Rochester Kensington La Preciosa and Coeur Capital. The Palmarejo surface and underground silver and gold mine owned and operated by Coeur Mexicana is located in the state of Chihuahua Mexico. The San Bartolome silver mine operated by Manquiri is located on the flanks of the Cerro Rico Mountain. The Rochester mine is an open pit silver and gold mine located in Pershing County Nevada. The Kensington underground gold mine is located on the east side of the Lynn Canal. La Preciosa is an advanced-stage silver and gold exploration project located around 52 miles northeast of the city of Durango in Durango State Mexico. Coeur Capital holds the Endeavor silver stream and other precious metals royalties.