Coeur Mining Inc. (NYSE:CDE) was downgraded by research analysts at Vetr from a “strong-buy” rating to a “buy” rating in a research note issued on Monday. They presently have a $11.10 price target on the stock. Vetr‘s target price points to a potential upside of 4.82% from the stock’s previous close.
CDE has been the topic of several other reports. Royal Bank Of Canada began coverage on shares of Coeur Mining in a research note on Tuesday, June 21st. They set a “sector perform” rating and a $9.00 target price on the stock. Deutsche Bank AG raised shares of Coeur Mining from a “sell” rating to a “hold” rating and upped their price target for the stock from $7.50 to $11.00 in a research note on Monday, October 3rd. Raymond James Financial Inc. raised shares of Coeur Mining from a “market perform” rating to an “outperform” rating in a research note on Monday, June 27th. Roth Capital set a $16.00 price target on shares of Coeur Mining and gave the stock a “buy” rating in a research note on Monday, October 10th. Finally, Barclays PLC upped their price target on shares of Coeur Mining and gave the stock an “outperform” rating in a research note on Monday, June 27th. Four analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average price target of $8.83.
Shares of Coeur Mining (NYSE:CDE) opened at 10.59 on Monday. Coeur Mining has a 12 month low of $1.62 and a 12 month high of $16.41. The stock’s market capitalization is $1.72 billion. The stock’s 50 day moving average price is $12.37 and its 200-day moving average price is $10.67.
Coeur Mining (NYSE:CDE) last announced its earnings results on Wednesday, July 27th. The company reported $0.09 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.02 by $0.07. Coeur Mining had a negative net margin of 49.17% and a negative return on equity of 8.38%. The company had revenue of $182 million for the quarter, compared to the consensus estimate of $173.92 million. During the same period in the previous year, the business earned ($0.11) EPS. The company’s revenue was up 9.4% on a year-over-year basis. Equities analysts forecast that Coeur Mining will post $0.35 earnings per share for the current fiscal year.
In other Coeur Mining news, SVP Hans John Rasmussen sold 2,500 shares of the company’s stock in a transaction dated Friday, August 12th. The shares were sold at an average price of $16.15, for a total transaction of $40,375.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Peter C. Mitchell sold 10,000 shares of the company’s stock in a transaction dated Thursday, September 1st. The shares were sold at an average price of $12.55, for a total transaction of $125,500.00. The disclosure for this sale can be found here. 1.53% of the stock is currently owned by corporate insiders.
Large investors have recently added to or reduced their stakes in the stock. Van ECK Associates Corp boosted its stake 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 period. Bogle Investment Management L P DE purchased a new stake in Coeur Mining during the first quarter worth about $13,022,000. Sprott Inc. boosted its stake in Coeur Mining by 495.2% in the second quarter. Sprott Inc. now owns 1,819,600 shares of the company’s stock valued at $19,397,000 after buying an additional 1,513,900 shares during the last quarter. Teachers Advisors Inc. boosted its stake in Coeur Mining by 589.1% in the first quarter. Teachers Advisors Inc. now owns 1,579,196 shares of the company’s stock valued at $8,875,000 after buying an additional 1,350,035 shares during the last quarter. Finally, GMT Capital Corp boosted its stake in Coeur Mining by 23.8% in the second quarter. GMT Capital Corp now owns 6,536,489 shares of the company’s stock valued at $69,679,000 after buying an additional 1,258,405 shares during the last quarter. Institutional investors own 69.47% 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.