Coeur Mining Inc. (NYSE:CDE) has been assigned a $16.00 price target by equities researchers at Roth Capital in a note issued to investors on Monday. The brokerage currently has a a “buy” rating on the stock. Roth Capital’s price target would indicate a potential upside of 49.11% from the stock’s previous close.
Several other research analysts also recently commented on CDE. Royal Bank Of Canada started coverage on shares of Coeur Mining in a research report on Tuesday, June 21st. They set a “sector perform” rating and a $9.00 price objective for the company. Raymond James Financial Inc. upgraded shares of Coeur Mining from a “market perform” rating to an “outperform” rating in a report on Monday, June 27th. Barclays PLC upped their price target on shares of Coeur Mining and gave the stock an “outperform” rating in a report on Monday, June 27th. Deutsche Bank AG reiterated a “sell” rating on shares of Coeur Mining in a report on Thursday, July 7th. Finally, CIBC upgraded shares of Coeur Mining from a “sector underperform” rating to a “sector perform” rating in a report on Tuesday, August 30th. Five equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. Coeur Mining has an average rating of “Buy” and a consensus target price of $8.57.
Shares of Coeur Mining (NYSE:CDE) opened at 10.73 on Monday. The company’s market cap is $1.74 billion. Coeur Mining has a 52 week low of $1.62 and a 52 week high of $16.41. The company’s 50-day moving average price is $12.60 and its 200 day moving average price is $10.63.
Coeur Mining (NYSE:CDE) last announced its quarterly earnings data on Wednesday, July 27th. The company reported $0.09 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 business earned $182 million during the quarter, compared to the consensus estimate of $173.92 million. During the same period in the previous year, the business earned ($0.11) earnings per share. The company’s revenue was up 9.4% on a year-over-year basis. On average, equities analysts forecast that Coeur Mining will post $0.35 EPS for the current fiscal year.
In other Coeur Mining news, CFO Peter C. Mitchell sold 16,157 shares of the company’s stock in a transaction on Monday, August 8th. The shares were sold at an average price of $15.88, for a total transaction of $256,573.16. Following the sale, the chief financial officer now owns 270,260 shares of the company’s stock, valued at $4,291,728.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Hans John Rasmussen sold 3,477 shares of the company’s stock in a transaction on Friday, July 29th. The shares were sold at an average price of $15.00, for a total transaction of $52,155.00. The disclosure for this sale can be found here. Company insiders own 1.53% of the company’s stock.
A number of hedge funds have recently modified their holdings of CDE. Societe Generale purchased a new stake in shares of Coeur Mining during the second quarter worth approximately $106,000. SG Americas Securities LLC purchased a new stake in shares of Coeur Mining during the second quarter worth approximately $106,000. Nuveen Asset Management LLC purchased a new stake in shares of Coeur Mining during the second quarter worth approximately $108,000. Ameritas Investment Partners Inc. boosted its stake in shares of 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 during the period. Finally, Zacks Investment Management purchased a new stake in shares of Coeur Mining during the second quarter worth approximately $130,000. 69.47% of the stock is currently owned by institutional investors and hedge funds.
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 & 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 companies with MarketBeat.com's FREE daily email newsletter.