Today: Today, Vetr Inc. lowers the Stock rating of Coeur Mining Inc. (CDE)

Today, Vetr Inc. lowers the Stock rating of Coeur Mining Inc. (CDE)

Vetr cut shares of Coeur Mining Inc. (NYSE:CDE) from a strong-buy rating to a buy rating in a research report sent to investors on Monday. They currently have $11.10 price target on the stock.

A number of other analysts have also recently weighed in on the stock. RBC Capital Markets restated an outperform rating and issued a $18.00 price target (down from $19.00) on shares of Coeur Mining in a report on Friday, November 18th. Royal Bank Of Canada lowered their price target on shares of Coeur Mining from $19.00 to $18.00 and set an outperform rating on the stock in a report on Friday, November 18th. Roth Capital set a $14.00 price target on shares of Coeur Mining and gave the company a buy rating in a report on Friday, October 28th. Canaccord Genuity began coverage on shares of Coeur Mining in a report on Tuesday, October 25th. They issued a buy rating and a $13.00 price target on the stock. Finally, Zacks Investment Research upgraded shares of Coeur Mining from a hold rating to a buy rating and set a $13.00 price target on the stock in a report on Monday, October 24th. Two analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. The stock presently has an average rating of Buy and a consensus price target of $11.19.

Shares of Coeur Mining (NYSE:CDE) opened at 9.47 on Monday. Coeur Mining has a 12 month low of $1.62 and a 12 month high of $16.41. The company’s market capitalization is $1.61 billion. The company’s 50-day moving average is $10.68 and its 200 day moving average is $11.48.

Coeur Mining (NYSE:CDE) last released its quarterly earnings results 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. Coeur Mining had a negative net margin of 35.68% and a positive return on equity of 1.35%. The business had revenue of $176.25 million for the quarter, compared to analysts’ expectations of $183.60 million. During the same period last year, the business earned ($0.16) EPS. The company’s revenue was up 8.4% compared to the same quarter last year. On average, equities research analysts anticipate that Coeur Mining will post $0.40 earnings per share for the current year.

In other Coeur Mining news, CFO Peter C. Mitchell sold 10,000 shares of the firm’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 transaction of $110,400.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 1.53% of the company’s stock.

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 in the last quarter. Vanguard Group Inc. raised 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 in the last quarter. 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 in the last quarter. State Street Corp raised 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 in the last quarter. Finally, BlackRock Fund Advisors raised 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 in the last quarter. 64.46% of the stock is owned by institutional investors.

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.

To view Vetr’s full report, visit Vetr’s official website.

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