Coeur Mining Inc. (CDE) Price Target Lowered to $18.00 at Royal Bank Of Canada
Coeur Mining Inc. (NYSE:CDE) had its price objective reduced by Royal Bank Of Canada from $19.00 to $18.00 in a research report report published on Friday morning. Royal Bank Of Canada currently has an outperform rating on the stock.
Several other equities analysts have also issued reports on the company. Vetr lowered Coeur Mining from a strong-buy rating to a buy rating and set a $11.10 target price on the stock. in a research note on Monday, October 17th. Zacks Investment Research lowered Coeur Mining from a buy rating to a hold rating in a research note on Friday, October 21st. Roth Capital set a $16.00 target price on Coeur Mining and gave the stock a buy rating in a research note on Monday, October 10th. Deutsche Bank AG raised Coeur Mining from a sell rating to a hold rating and increased their target price for the stock from $7.50 to $11.00 in a research note on Monday, October 3rd. Finally, Canaccord Genuity initiated coverage on Coeur Mining in a research note on Tuesday, October 25th. They set a buy rating and a $13.00 target price on the stock. Two investment analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. Coeur Mining presently has a consensus rating of Buy and a consensus price target of $11.19.
Coeur Mining (NYSE:CDE) traded up 2.66% during mid-day trading on Friday, hitting $10.02. The stock had a trading volume of 1,513,430 shares. The firm’s 50-day moving average price is $10.81 and its 200 day moving average price is $11.41. The company’s market cap is $1.71 billion. Coeur Mining has a one year low of $1.62 and a one year high of $16.41.
Coeur Mining (NYSE:CDE) last announced its quarterly earnings results on Wednesday, October 26th. The company reported $0.23 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.10 by $0.13. Coeur Mining had a positive return on equity of 1.35% and a negative net margin of 35.68%. The business had revenue of $176.25 million for the quarter, compared to analyst estimates of $183.60 million. During the same quarter in the prior year, the company posted ($0.16) EPS. The company’s quarterly revenue was up 8.4% on a year-over-year basis. On average, equities research analysts anticipate that Coeur Mining will post $0.40 EPS for the current year.
In other Coeur Mining news, CFO Peter C. Mitchell sold 10,000 shares of the stock in a transaction that occurred on Monday, October 31st. The stock was 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 Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 1.53% of the company’s stock.
A number of hedge funds have recently bought and sold shares of CDE. Credit Suisse AG boosted its stake in Coeur Mining by 70.8% in the third quarter. Credit Suisse AG now owns 335,716 shares of the company’s stock worth $3,971,000 after buying an additional 139,138 shares during the last quarter. Verition Fund Management LLC bought a new stake in Coeur Mining during the third quarter worth $185,000. Alpine Partners VI LLC bought a new stake in Coeur Mining during the third quarter worth $238,000. Connor Clark & Lunn Investment Management Ltd. boosted its stake in Coeur Mining by 19.7% in the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 709,745 shares of the company’s stock worth $8,396,000 after buying an additional 116,595 shares during the last quarter. Finally, ETF Managers Group LLC bought a new stake in Coeur Mining during the third quarter worth $13,058,000. 64.46% of the stock is owned by institutional investors.
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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