Coeur Mining Inc. (CDE) Given a $16.00 Price Target at Roth Capital
A number of other analysts have also commented on the company. Royal Bank Of Canada upgraded Coeur Mining from a sector perform rating to an outperform rating in a research report on Thursday, July 14th. Deutsche Bank AG restated a sell rating on shares of Coeur Mining in a research report on Thursday, July 7th. Raymond James Financial Inc. upgraded Coeur Mining from a market perform rating to an outperform rating in a research report on Monday, June 27th. CIBC upgraded Coeur Mining from a sector underperform rating to a sector perform rating in a research report on Tuesday, August 30th. Finally, Vetr lowered Coeur Mining from a strong-buy rating to a hold rating and set a $11.10 target price for the company. in a research report on Thursday, October 6th. Five equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. Coeur Mining presently has a consensus rating of Buy and an average price target of $8.57.
Coeur Mining (NYSE:CDE) traded down 2.765% during trading on Monday, reaching $10.725. The company had a trading volume of 2,628,144 shares. The company has a 50 day moving average price of $12.72 and a 200 day moving average price of $10.63. Coeur Mining has a 52-week low of $1.62 and a 52-week high of $16.41. The company’s market capitalization is $1.74 billion.
Coeur Mining (NYSE:CDE) last announced its quarterly earnings data on Wednesday, July 27th. The company reported $0.09 EPS for the quarter, topping the Zacks’ consensus estimate of $0.02 by $0.07. The firm earned $182 million during the quarter, compared to analyst estimates 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% on a year-over-year basis. During the same period last year, the company earned ($0.11) earnings per share. On average, equities analysts forecast that Coeur Mining will post $0.35 EPS for the current fiscal year.
In other Coeur Mining news, VP Mark Spurbeck sold 4,565 shares of the business’s stock in a transaction that occurred on Thursday, August 4th. The stock was sold at an average price of $15.75, for a total value of $71,898.75. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, SVP Hans John Rasmussen sold 2,500 shares of the business’s stock in a transaction that occurred on 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. Insiders own 1.53% of the company’s stock.
Large investors have recently added to or reduced their stakes in the stock. TIAA CREF Investment Management LLC boosted 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 valued at $5,629,000 after buying an additional 565,686 shares during the last quarter. Bank of New York Mellon Corp boosted its stake in Coeur Mining by 13.7% in the second quarter. Bank of New York Mellon Corp now owns 743,921 shares of the company’s stock valued at $7,930,000 after buying an additional 89,647 shares during the last quarter. Bogle Investment Management L P DE purchased a new stake in Coeur Mining during the first quarter valued at approximately $13,022,000. Teachers Advisors Inc. boosted 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 valued at $8,875,000 after buying an additional 1,350,035 shares during the last quarter. Finally, DekaBank Deutsche Girozentrale boosted its stake in Coeur Mining by 151.2% in the second quarter. DekaBank Deutsche Girozentrale now owns 37,704 shares of the company’s stock valued at $395,000 after buying an additional 22,692 shares during the last quarter. Hedge funds and other institutional investors own 69.47% of the company’s stock.
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.
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