Vetr upgraded shares of Coeur Mining Inc. (NYSE:CDE) from a hold rating to a strong-buy rating in a research report report published on Thursday morning. The firm currently has $12.57 price objective on the stock.
Several other research analysts have also commented on the stock. CIBC upgraded shares of Coeur Mining from a sector underperform rating to a sector perform rating in a report on Tuesday, August 30th. Zacks Investment Research lowered shares of Coeur Mining from a buy rating to a hold rating in a report on Tuesday, September 27th. Deutsche Bank AG restated a sell rating on shares of Coeur Mining in a report on Wednesday, July 20th. Roth Capital restated a buy rating on shares of Coeur Mining in a report on Monday, June 27th. Finally, Barclays PLC raised their price target on shares of Coeur Mining and gave the company an outperform rating in a report on Monday, June 27th. Three equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. The stock has a consensus rating of Buy and an average price target of $9.11.
Coeur Mining (NYSE:CDE) opened at 11.24 on Thursday. The stock has a 50 day moving average of $12.26 and a 200 day moving average of $10.79. Coeur Mining has a one year low of $1.62 and a one year high of $16.41. The firm’s market cap is $1.82 billion.
Coeur Mining (NYSE:CDE) last released its earnings results on Wednesday, July 27th. The company reported $0.09 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ 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 had revenue of $182 million for the quarter, compared to analysts’ expectations of $173.92 million. During the same period last year, the company earned ($0.11) earnings per share. The company’s quarterly revenue was up 9.4% on a year-over-year basis. On average, equities analysts forecast that Coeur Mining will post $0.35 earnings per share for the current year.
In other news, Director J Kenneth Thompson sold 7,500 shares of the stock in a transaction on Monday, August 1st. The stock was sold at an average price of $15.52, for a total transaction of $116,400.00. Following the sale, the director now owns 85,788 shares in the company, valued at $1,331,429.76. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Hans John Rasmussen sold 3,477 shares of the stock in a transaction on Friday, July 29th. The stock was sold at an average price of $15.00, for a total value of $52,155.00. The disclosure for this sale can be found here. Insiders own 1.53% of the company’s stock.
Several hedge funds have recently made changes to their positions in CDE. Fox Run Management L.L.C. acquired a new stake in shares of Coeur Mining during the third quarter valued at approximately $135,000. Advisory Services Network LLC acquired a new stake in shares of Coeur Mining during the third quarter valued at approximately $736,000. Nomura Holdings Inc. acquired a new stake in shares of Coeur Mining during the second quarter valued at approximately $143,000. Amalgamated Bank boosted its stake in shares of Coeur Mining by 15.4% in the second quarter. Amalgamated Bank now owns 16,847 shares of the company’s stock valued at $267,000 after buying an additional 2,249 shares during the last quarter. Finally, Legal & General Group Plc boosted its stake in shares of Coeur Mining by 16.3% in the second quarter. Legal & General Group Plc now owns 23,670 shares of the company’s stock valued at $249,000 after buying an additional 3,314 shares during the last quarter. Institutional investors own 69.43% 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.
To view Vetr’s full report, visit Vetr’s official website.
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