Coeur Mining Inc. (CDE) Stock Rating Upgraded by Vetr Inc.
Coeur Mining Inc. (NYSE:CDE) was upgraded by stock analysts at Vetr from a “buy” rating to a “strong-buy” rating in a report released on Monday. The firm presently has a $11.10 price target on the stock. Vetr‘s target price indicates a potential upside of 12.35% from the stock’s current price.
Several other research analysts have also recently issued reports on the stock. RBC Capital Markets reaffirmed an “outperform” rating and issued a $18.00 target price (down from $19.00) on shares of Coeur Mining in a report on Friday, November 18th. Royal Bank Of Canada decreased their price objective on shares of Coeur Mining from $19.00 to $18.00 and set an “outperform” rating for the company in a report on Friday, November 18th. Roth Capital set a $14.00 price objective on shares of Coeur Mining and gave the company a “buy” rating in a report on Friday, October 28th. Canaccord Genuity started coverage on shares of Coeur Mining in a report on Tuesday, October 25th. They set a “buy” rating and a $13.00 price objective for the company. Finally, Zacks Investment Research raised shares of Coeur Mining from a “hold” rating to a “buy” rating and set a $13.00 price objective for the company in a report on Monday, October 24th. Two investment analysts have rated the stock with a hold rating, eight have given a buy rating and one has given a strong buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus target price of $11.19.
Coeur Mining (NYSE:CDE) opened at 9.88 on Monday. The firm has a 50-day moving average of $10.62 and a 200 day moving average of $11.57. The company’s market capitalization is $1.68 billion. Coeur Mining has a one year low of $1.62 and a one year high of $16.41.
Coeur Mining (NYSE:CDE) last issued its earnings results on Wednesday, October 26th. The company reported $0.23 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.10 by $0.13. The business earned $176.25 million during the quarter, compared to analysts’ expectations of $183.60 million. Coeur Mining had a negative net margin of 35.68% and a positive return on equity of 1.35%. The business’s revenue for the quarter was up 8.4% compared to the same quarter last year. During the same period in the previous year, the company earned ($0.16) earnings per share. On average, equities analysts forecast 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 the company’s stock in a transaction that occurred on Monday, October 31st. The shares were sold at an average price of $11.04, for a total value of $110,400.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 1.53% of the stock is currently owned by company insiders.
Several institutional investors have recently bought and sold shares of the company. Van ECK Associates Corp raised 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 last quarter. D. E. Shaw & Co. Inc. raised its position in Coeur Mining by 1,657.3% in the third quarter. D. E. Shaw & Co. Inc. now owns 3,633,610 shares of the company’s stock worth $42,986,000 after buying an additional 3,426,835 shares during the last quarter. Sprott Inc. raised its position in Coeur Mining by 495.2% in the second quarter. Sprott Inc. now owns 1,819,600 shares of the company’s stock worth $19,397,000 after buying an additional 1,513,900 shares during the last quarter. Morgan Stanley raised its position in Coeur Mining by 234.4% in the third quarter. Morgan Stanley now owns 1,882,025 shares of the company’s stock worth $22,264,000 after buying an additional 1,319,177 shares during the last quarter. Finally, GMT Capital Corp raised 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 last quarter. Institutional investors and hedge funds own 67.31% 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.
Receive News & Stock Ratings for Coeur Mining Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Coeur Mining Inc. and related stocks with our FREE daily email newsletter.