Coeur Mining Inc. (CDE) Rating Lowered to Buy at Vetr Inc.
Coeur Mining Inc. (NYSE:CDE) was downgraded by research analysts at Vetr from a “strong-buy” rating to a “buy” rating in a report released on Monday. They presently have a $11.10 price objective on the stock. Vetr‘s price objective would suggest a potential upside of 7.25% from the stock’s previous close.
A number of other research analysts have also weighed in on CDE. CIBC upgraded Coeur Mining from a “sector underperform” rating to a “sector perform” rating in a report on Tuesday, August 30th. Zacks Investment Research lowered Coeur Mining from a “buy” rating to a “hold” rating in a report on Tuesday, September 27th. Deutsche Bank AG upgraded Coeur Mining from a “sell” rating to a “hold” rating and lifted their price target for the stock from $7.50 to $11.00 in a report on Monday, October 3rd. Roth Capital set a $16.00 price target on Coeur Mining and gave the stock a “buy” rating in a report on Monday, October 10th. Finally, Canaccord Genuity assumed coverage on Coeur Mining in a report on Tuesday, October 25th. They set a “buy” rating and a $13.00 price target on the stock. Two analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. The company currently has a consensus rating of “Buy” and an average price target of $11.19.
Shares of Coeur Mining (NYSE:CDE) opened at 10.35 on Monday. Coeur Mining has a 1-year low of $1.62 and a 1-year high of $16.41. The company has a 50-day moving average of $10.72 and a 200-day moving average of $11.50. The stock’s market capitalization is $1.76 billion.
Coeur Mining (NYSE:CDE) last announced its quarterly earnings data on Wednesday, October 26th. The company reported $0.23 earnings per share for the quarter, beating analysts’ consensus estimates of $0.10 by $0.13. The company had revenue of $176.25 million for the quarter, compared to analyst estimates of $183.60 million. Coeur Mining had a positive return on equity of 1.35% and a negative net margin of 35.68%. The firm’s revenue for the quarter was up 8.4% on a year-over-year basis. During the same quarter last year, the firm posted ($0.16) EPS. On average, equities research analysts expect that Coeur Mining will post $0.40 EPS for the current fiscal year.
In other Coeur Mining news, CFO Peter C. Mitchell sold 10,000 shares of Coeur Mining stock in a transaction dated Thursday, September 1st. The stock was sold at an average price of $12.55, for a total value of $125,500.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 1.53% of the stock is owned by company insiders.
Several institutional investors have recently made changes to their positions in CDE. BlackRock Institutional Trust Company N.A. increased its position in shares of Coeur Mining by 0.5% in the first quarter. BlackRock Institutional Trust Company N.A. now owns 3,519,905 shares of the company’s stock worth $19,782,000 after buying an additional 17,614 shares in the last quarter. State Street Corp increased its position in shares of 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 in the last quarter. Renaissance Technologies LLC increased its position in shares of Coeur Mining by 94.3% in the first quarter. Renaissance Technologies LLC now owns 2,517,223 shares of the company’s stock worth $14,147,000 after buying an additional 1,221,400 shares in the last quarter. BNP Paribas Arbitrage SA increased its position in shares of Coeur Mining by 27.1% in the second quarter. BNP Paribas Arbitrage SA now owns 128,261 shares of the company’s stock worth $1,367,000 after buying an additional 27,327 shares in the last quarter. Finally, Alpha Windward LLC bought a new position in shares of Coeur Mining during the second quarter worth approximately $540,000. 64.46% of the stock is owned by institutional investors and hedge funds.
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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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