Coeur Mining Inc. (CDE) Rating Lowered to Buy at Vetr Inc.
Coeur Mining Inc. (NYSE:CDE) was downgraded by analysts at Vetr from a “strong-buy” rating to a “buy” rating in a note issued to investors on Monday. They presently have a $11.10 price target on the stock. Vetr‘s price target suggests a potential downside of 1.25% from the stock’s current price.
CDE has been the topic of several other research reports. Royal Bank Of Canada began coverage on shares of Coeur Mining in a research report on Tuesday, June 21st. They issued a “sector perform” rating and a $9.00 price objective on the stock. Deutsche Bank AG raised shares of Coeur Mining from a “sell” rating to a “hold” rating and lifted their price objective for the stock from $7.50 to $11.00 in a research report on Monday, October 3rd. Raymond James Financial Inc. raised shares of Coeur Mining from a “market perform” rating to an “outperform” rating in a research report on Monday, June 27th. Roth Capital set a $16.00 price objective on shares of Coeur Mining and gave the stock a “buy” rating in a research report on Monday, October 10th. Finally, Barclays PLC lifted their price objective on shares of Coeur Mining and gave the stock an “outperform” rating in a research report on Monday, June 27th. Three investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. Coeur Mining presently has an average rating of “Buy” and a consensus target price of $9.11.
Shares of Coeur Mining (NYSE:CDE) opened at 11.24 on Monday. Coeur Mining has a 52-week low of $1.62 and a 52-week high of $16.41. The firm’s market cap is $1.82 billion. The company’s 50 day moving average is $12.26 and its 200 day moving average is $10.79.
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 consensus estimate of $0.02 by $0.07. The business had revenue of $182 million for the quarter, compared to analyst estimates of $173.92 million. Coeur Mining had a negative net margin of 49.17% and a negative return on equity of 8.38%. The company’s revenue for the quarter was up 9.4% on a year-over-year basis. During the same quarter in the previous year, the firm posted ($0.11) earnings per share. Analysts anticipate that Coeur Mining will post $0.35 earnings per share for the current year.
In other news, CFO Peter C. Mitchell sold 10,000 shares of the business’s stock in a transaction on Thursday, September 1st. The shares were sold at an average price of $12.55, for a total transaction of $125,500.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP Hans John Rasmussen sold 3,477 shares of the business’s stock in a transaction on Friday, July 29th. The shares were sold at an average price of $15.00, for a total transaction of $52,155.00. The disclosure for this sale can be found here. Insiders own 1.53% of the company’s stock.
Several hedge funds have recently modified their holdings of CDE. Fox Run Management L.L.C. bought a new stake in shares of Coeur Mining during the third quarter worth about $135,000. Advisory Services Network LLC bought a new stake in shares of Coeur Mining during the third quarter worth about $736,000. Nomura Holdings Inc. bought a new stake in shares of Coeur Mining during the second quarter worth about $143,000. Amalgamated Bank raised its stake in shares of Coeur Mining by 15.4% in the second quarter. Amalgamated Bank now owns 16,847 shares of the company’s stock worth $267,000 after buying an additional 2,249 shares in the last quarter. Finally, Legal & General Group Plc raised its stake in shares of Coeur Mining by 16.3% in the second quarter. Legal & General Group Plc now owns 23,670 shares of the company’s stock worth $249,000 after buying an additional 3,314 shares in the last quarter. 69.43% of the stock is owned by hedge funds and other 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.
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