Coeur Mining Inc. (CDE) Upgraded to “Hold” at Deutsche Bank AG
Coeur Mining Inc. (NYSE:CDE) was upgraded by investment analysts at Deutsche Bank AG from a “sell” rating to a “hold” rating in a research report issued to clients and investors on Monday.
A number of other equities analysts have also recently weighed in on the company. Zacks Investment Research cut Coeur Mining from a “buy” rating to a “hold” rating in a report on Tuesday, September 27th. CIBC upgraded Coeur Mining from a “sector underperform” rating to a “sector perform” rating in a report on Tuesday, August 30th. Royal Bank Of Canada upgraded Coeur Mining from a “sector perform” rating to an “outperform” rating in a report on Thursday, July 14th. Barclays PLC increased their price target on Coeur Mining and gave the stock an “outperform” rating in a report on Monday, June 27th. Finally, Roth Capital reiterated a “buy” rating on shares of Coeur Mining in a report on Monday, June 27th. Four equities research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. The stock presently has an average rating of “Buy” and an average price target of $6.05.
Coeur Mining (NYSE:CDE) opened at 11.83 on Monday. The firm has a 50-day moving average price of $13.49 and a 200 day moving average price of $10.32. The stock’s market cap is $1.92 billion. Coeur Mining has a 1-year low of $1.62 and a 1-year high of $16.41.
Coeur Mining (NYSE:CDE) last released its quarterly earnings results on Wednesday, July 27th. The company reported $0.09 earnings per share for the quarter, topping analysts’ consensus estimates of $0.02 by $0.07. The business earned $182 million during the quarter, compared to analysts’ expectations of $173.92 million. Coeur Mining had a negative return on equity of 8.38% and a negative net margin of 49.17%. The company’s revenue was up 9.4% compared to the same quarter last year. During the same period in the prior year, the business posted ($0.11) EPS. On average, equities research analysts anticipate that Coeur Mining will post $0.33 EPS for the current fiscal year.
In other Coeur Mining news, CFO Peter C. Mitchell sold 10,000 shares of the stock in a transaction dated Thursday, September 1st. The stock was sold at an average price of $12.55, for a total value of $125,500.00. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, SVP Hans John Rasmussen sold 2,500 shares of the stock in a transaction dated Friday, August 12th. The shares were sold at an average price of $16.15, for a total value of $40,375.00. The disclosure for this sale can be found here. 1.53% of the stock is owned by company insiders.
A number of large investors have recently bought and sold shares of CDE. TIAA CREF Investment Management LLC raised its stake in Coeur Mining by 129.8% in the first quarter. TIAA CREF Investment Management LLC now owns 1,001,561 shares of the company’s stock worth $5,629,000 after buying an additional 565,686 shares in the last quarter. Teachers Advisors Inc. raised its stake in Coeur Mining by 589.1% in the first quarter. Teachers Advisors Inc. now owns 1,579,196 shares of the company’s stock worth $8,875,000 after buying an additional 1,350,035 shares in the last quarter. BlackRock Institutional Trust Company N.A. raised its stake in Coeur Mining by 0.5% in the first quarter. BlackRock Institutional Trust Company N.A. now owns 3,519,905 shares of the company’s stock worth $19,782,000 after buying an additional 17,614 shares in the last quarter. Shufro Rose & Co. LLC raised its stake in Coeur Mining by 7.0% in the first quarter. Shufro Rose & Co. LLC now owns 80,700 shares of the company’s stock worth $454,000 after buying an additional 5,300 shares in the last quarter. Finally, Landscape Capital Management L.L.C. bought a new stake in Coeur Mining during the first quarter worth about $1,203,000. 69.47% of the stock is currently owned by institutional investors.
About Coeur Mining
Coeur Mining, Inc is a gold and silver producer. The Company’s segments include Palmarejo complex, Rochester, Kensington, Wharf and San Bartolome mines, and Coeur Capital. The Company also a non-operating interest in the Endeavor mine in Australia in addition to royalties on the El Gallo complex in Mexico, the Zaruma mine in Ecuador, and the Correnso mine in New Zealand.
Receive News & Stock Ratings for Coeur Mining Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Coeur Mining Inc. and related stocks with our FREE daily email newsletter.