Royal Bank Of Canada Reaffirms Buy Rating for Coeur Mining, Inc. (CDE)
CDE has been the subject of several other reports. Roth Capital set a $13.00 price target on Coeur Mining and gave the company a buy rating in a report on Wednesday, June 14th. BMO Capital Markets restated a buy rating on shares of Coeur Mining in a report on Wednesday, September 13th. Noble Financial restated a hold rating on shares of Coeur Mining in a report on Friday, July 28th. BidaskClub upgraded Coeur Mining from a hold rating to a buy rating in a report on Saturday, June 10th. Finally, ValuEngine downgraded Coeur Mining from a hold rating to a sell rating in a report on Friday, September 1st. Three investment analysts have rated the stock with a sell rating, four have issued a hold rating and five have issued a buy rating to the company. The company has an average rating of Hold and an average target price of $11.23.
Coeur Mining (NYSE CDE) traded down 0.76% during trading on Wednesday, reaching $9.19. 1,511,468 shares of the company’s stock were exchanged. The firm has a 50 day moving average of $8.44 and a 200-day moving average of $8.63. The stock has a market cap of $1.67 billion, a PE ratio of 23.87 and a beta of 0.47. Coeur Mining has a 12 month low of $7.30 and a 12 month high of $13.18.
Coeur Mining (NYSE:CDE) last issued its quarterly earnings results on Wednesday, July 26th. The basic materials company reported ($0.01) earnings per share for the quarter, meeting the consensus estimate of ($0.01). Coeur Mining had a return on equity of 10.44% and a net margin of 9.65%. The firm had revenue of $173.40 million during the quarter, compared to the consensus estimate of $174.70 million. During the same period last year, the company earned $0.09 earnings per share. The company’s revenue was down 4.7% on a year-over-year basis. On average, equities research analysts anticipate that Coeur Mining will post $0.13 earnings per share for the current fiscal year.
In related news, CFO Peter C. Mitchell sold 10,000 shares of the stock in a transaction on Monday, July 31st. The stock was sold at an average price of $8.19, for a total transaction of $81,900.00. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, COO Frank L. Jr. Hanagarne sold 28,800 shares of the stock in a transaction on Monday, August 28th. The shares were sold at an average price of $8.50, for a total value of $244,800.00. The disclosure for this sale can be found here. Insiders have sold 58,300 shares of company stock worth $507,075 over the last ninety days. 1.30% of the stock is currently owned by insiders.
Several institutional investors have recently added to or reduced their stakes in CDE. UBS Group AG boosted its position in shares of Coeur Mining by 9.8% during the first quarter. UBS Group AG now owns 14,178 shares of the basic materials company’s stock valued at $115,000 after buying an additional 1,267 shares during the last quarter. Teacher Retirement System of Texas boosted its position in shares of Coeur Mining by 8.5% during the first quarter. Teacher Retirement System of Texas now owns 14,405 shares of the basic materials company’s stock valued at $116,000 after buying an additional 1,133 shares during the last quarter. Stevens Capital Management LP purchased a new stake in shares of Coeur Mining during the second quarter valued at $123,000. Russell Investments Group Ltd. purchased a new stake in shares of Coeur Mining during the second quarter valued at $141,000. Finally, Sigma Planning Corp purchased a new stake in shares of Coeur Mining during the second quarter valued at $143,000. 68.90% of the stock is currently owned by institutional investors.
Coeur Mining Company Profile
Coeur Mining, Inc is a gold and silver producer. The Company has its mines located in the United States, Mexico, and Bolivia and exploration projects in Mexico and Argentina. Its segments include Palmarejo, Rochester, Kensington, Wharf, San Bartolome mines, Coeur Capital and Other. The Palmarejo complex is located in the state of Chihuahua, Mexico.
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.