Coeur Mining Inc. (NYSE:CDE) had its price target lowered by research analysts at RBC Capital Markets from $19.00 to $18.00 in a research report issued on Friday. The firm presently has an “outperform” rating on the stock. RBC Capital Markets’ price objective indicates a potential upside of 89.27% from the stock’s current price.

Several other analysts also recently weighed in on the stock. CIBC upgraded shares of Coeur Mining from a “sector underperform” rating to a “sector perform” rating in a research report on Tuesday, August 30th. Vetr downgraded shares of Coeur Mining from a “strong-buy” rating to a “hold” rating and set a $11.10 price target for the company. in a research report on Thursday, October 6th. Canaccord Genuity initiated coverage on shares of Coeur Mining in a research report on Tuesday, October 25th. They issued a “buy” rating and a $13.00 price target for the company. Zacks Investment Research upgraded shares of Coeur Mining from a “hold” rating to a “buy” rating and set a $12.00 price target for the company in a research report on Tuesday, October 18th. Finally, Deutsche Bank AG upgraded shares of Coeur Mining from a “sell” rating to a “hold” rating and upped their price target for the company from $7.50 to $11.00 in a research report on Monday, October 3rd. Three equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average target price of $11.19.

Analyst Recommendations for Coeur Mining (NYSE:CDE)

Shares of Coeur Mining (NYSE:CDE) opened at 9.51 on Friday. The firm’s market cap is $1.62 billion. Coeur Mining has a 52-week low of $1.62 and a 52-week high of $16.41. The company’s 50-day moving average is $10.86 and its 200 day moving average is $11.40.

Coeur Mining (NYSE:CDE) last issued its quarterly earnings data on Wednesday, October 26th. The company reported $0.23 earnings per share for the quarter, topping the consensus estimate of $0.10 by $0.13. The business earned $176.25 million during the quarter, compared to the consensus estimate of $183.60 million. Coeur Mining had a negative net margin of 35.68% and a positive return on equity of 1.35%. The company’s revenue was up 8.4% compared to the same quarter last year. During the same quarter in the previous year, the firm earned ($0.16) EPS. On average, analysts expect that Coeur Mining will post $0.40 earnings per share for the current fiscal year.

In other news, CFO Peter C. Mitchell sold 10,000 shares of the company’s stock in a transaction on Monday, October 31st. The shares were sold at an average price of $11.04, for a total transaction of $110,400.00. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Insiders own 1.53% of the company’s stock.

Institutional investors have recently bought and sold shares of the company. Van ECK Associates Corp boosted its position in Coeur Mining by 149.6% in the second quarter. Van ECK Associates Corp now owns 21,020,524 shares of the company’s stock worth $224,079,000 after buying an additional 12,598,170 shares during the period. Vanguard Group Inc. boosted its position in Coeur Mining by 2.8% in the second quarter. Vanguard Group Inc. now owns 10,965,958 shares of the company’s stock worth $116,897,000 after buying an additional 293,836 shares during the period. GMT Capital Corp boosted its position in Coeur Mining by 23.8% in the second quarter. GMT Capital Corp now owns 6,536,489 shares of the company’s stock worth $69,679,000 after buying an additional 1,258,405 shares during the period. State Street Corp boosted its position in Coeur Mining by 10.3% in the first quarter. State Street Corp now owns 6,231,980 shares of the company’s stock worth $35,027,000 after buying an additional 582,163 shares during the period. Finally, BlackRock Fund Advisors boosted its position in Coeur Mining by 14.1% in the third quarter. BlackRock Fund Advisors now owns 4,420,656 shares of the company’s stock worth $52,296,000 after buying an additional 544,926 shares during the period. 64.59% of the stock is currently owned by institutional investors and hedge funds.

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.

5 Day Chart for NYSE:CDE

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