Deutsche Bank AG upgraded shares of Coeur Mining Inc. (NYSE:CDE) from a sell rating to a hold rating in a research report report published on Monday morning. They currently have $11.00 price target on the stock, up from their previous price target of $7.50.
Several other equities analysts have also weighed in on CDE. Roth Capital reissued a buy rating on shares of Coeur Mining in a research note on Monday, June 27th. Zacks Investment Research lowered Coeur Mining from a buy rating to a hold rating in a research note on Tuesday, September 27th. Barclays PLC increased their target price on Coeur Mining and gave the company an outperform rating in a research note on Monday, June 27th. Royal Bank Of Canada began coverage on Coeur Mining in a research note on Tuesday, June 21st. They issued a sector perform rating and a $9.00 target price on the stock. Finally, CIBC raised Coeur Mining from a sector underperform rating to a sector perform rating in a research note on Tuesday, August 30th. Four investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company. The company presently has an average rating of Buy and an average price target of $7.00.
Coeur Mining (NYSE:CDE) traded down 7.832% during trading on Monday, reaching $10.885. The company’s stock had a trading volume of 2,186,171 shares. The stock’s 50 day moving average is $13.38 and its 200-day moving average is $10.44. Coeur Mining has a 52 week low of $1.62 and a 52 week high of $16.41. The firm’s market cap is $1.77 billion.
Coeur Mining (NYSE:CDE) last posted its quarterly 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. The business had revenue of $182 million for the quarter, compared to analysts’ expectations of $173.92 million. Coeur Mining had a negative return on equity of 8.38% and a negative net margin of 49.17%. The firm’s quarterly revenue was up 9.4% compared to the same quarter last year. During the same quarter last year, the business earned ($0.11) earnings per share. On average, equities research analysts forecast that Coeur Mining will post $0.33 earnings per share for the current fiscal year.
In other news, SVP Hans John Rasmussen sold 2,500 shares of the firm’s stock in a transaction dated Friday, August 12th. The stock was sold at an average price of $16.15, for a total transaction of $40,375.00. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, CFO Peter C. Mitchell sold 10,000 shares of the firm’s 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 disclosure for this sale can be found here. Insiders own 1.53% of the company’s stock.
Several large investors have recently added to or reduced their stakes in CDE. Societe Generale acquired a new stake in Coeur Mining during the second quarter worth approximately $106,000. SG Americas Securities LLC acquired a new stake in Coeur Mining during the second quarter worth approximately $106,000. Nuveen Asset Management LLC acquired a new stake in Coeur Mining during the second quarter worth approximately $108,000. Ameritas Investment Partners Inc. raised its stake in Coeur Mining by 13.5% in the second quarter. Ameritas Investment Partners Inc. now owns 11,907 shares of the company’s stock worth $127,000 after buying an additional 1,415 shares in the last quarter. Finally, Zacks Investment Management acquired a new stake in Coeur Mining during the second quarter worth approximately $130,000. 69.47% of the stock is currently owned by institutional investors.
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.
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