Coeur Mining Inc. (CDE) Upgraded to Strong-Buy by Vetr Inc.
Vetr upgraded shares of Coeur Mining Inc. (NYSE:CDE) from a hold rating to a strong-buy rating in a report published on Thursday morning. They currently have $12.57 price target on the stock.
Several other analysts also recently commented on CDE. Roth Capital reissued a buy rating on shares of Coeur Mining in a research report on Monday, June 27th. Zacks Investment Research downgraded shares of Coeur Mining from a buy rating to a hold rating in a research report on Tuesday, September 27th. Deutsche Bank AG raised shares of Coeur Mining from a sell rating to a hold rating and increased their price objective for the company from $7.50 to $11.00 in a research report on Monday, October 3rd. Barclays PLC increased their price objective on shares of Coeur Mining and gave the company an outperform rating in a research report on Monday, June 27th. Finally, Royal Bank Of Canada began coverage on shares of Coeur Mining in a research report on Tuesday, June 21st. They set a sector perform rating and a $9.00 price objective on the stock. Four analysts have rated the stock with a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company. The stock presently has a consensus rating of Buy and an average price target of $9.01.
Coeur Mining (NYSE:CDE) traded down 1.53% during mid-day trading on Thursday, hitting $10.91. 812,175 shares of the stock traded hands. The stock’s market cap is $1.77 billion. The company’s 50 day moving average price is $12.45 and its 200-day moving average price is $10.64. Coeur Mining has a 1-year low of $1.62 and a 1-year high of $16.41.
Coeur Mining (NYSE:CDE) last announced its quarterly earnings data on Wednesday, July 27th. The company reported $0.09 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.02 by $0.07. Coeur Mining had a negative net margin of 49.17% and a negative return on equity of 8.38%. The company had revenue of $182 million for the quarter, compared to the consensus estimate of $173.92 million. During the same period in the prior year, the firm posted ($0.11) EPS. Coeur Mining’s revenue for the quarter was up 9.4% on a year-over-year basis. Analysts predict that Coeur Mining will post $0.35 earnings per share for the current year.
In other news, SVP Hans John Rasmussen sold 2,500 shares of the 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 sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CFO Peter C. Mitchell sold 16,157 shares of the stock in a transaction that occurred on Monday, August 8th. The stock was sold at an average price of $15.88, for a total transaction of $256,573.16. Following the completion of the transaction, the chief financial officer now owns 270,260 shares in the company, valued at approximately $4,291,728.80. The disclosure for this sale can be found here. 1.53% of the stock is currently owned by insiders.
Several institutional investors have recently modified their holdings of CDE. Societe Generale acquired a new position in shares of Coeur Mining during the second quarter valued at $106,000. SG Americas Securities LLC acquired a new position in shares of Coeur Mining during the second quarter valued at $106,000. Nuveen Asset Management LLC acquired a new position in shares of Coeur Mining during the second quarter valued at $108,000. Fox Run Management L.L.C. acquired a new position in shares of Coeur Mining during the third quarter valued at $135,000. Finally, Ameritas Investment Partners Inc. boosted its position in shares of Coeur Mining by 13.5% in the second quarter. Ameritas Investment Partners Inc. now owns 11,907 shares of the company’s stock valued at $127,000 after buying an additional 1,415 shares during the period. Hedge funds and other institutional investors own 69.47% of the company’s stock.
Coeur Mining Company Profile
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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