Coeur Mining Inc. (NYSE:CDE) was downgraded by equities research analysts at Vetr from a “strong-buy” rating to a “hold” rating in a research note issued on Thursday. They presently have a $11.10 price target on the stock. Vetr‘s price objective suggests a potential upside of 3.26% from the stock’s previous close.
A number of other analysts have also issued reports on the company. Deutsche Bank AG raised Coeur Mining from a “sell” rating to a “hold” rating and raised their target price for the company from $7.50 to $11.00 in a report on Monday. Zacks Investment Research lowered Coeur Mining from a “buy” rating to a “hold” rating in a report on Tuesday, September 27th. CIBC raised Coeur Mining from a “sector underperform” rating to a “sector perform” rating in a report on Tuesday, August 30th. Royal Bank Of Canada raised Coeur Mining from a “sector perform” rating to an “outperform” rating in a report on Thursday, July 14th. Finally, Barclays PLC lifted their price objective on Coeur Mining and gave the stock an “outperform” rating in a report on Monday, June 27th. Five investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average price target of $7.46.
Coeur Mining (NYSE:CDE) opened at 10.75 on Thursday. The firm’s market capitalization is $1.75 billion. The stock’s 50 day moving average price is $13.09 and its 200-day moving average price is $10.48. Coeur Mining has a one year low of $1.62 and a one year high of $16.41.
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, beating the Zacks’ consensus estimate of $0.02 by $0.07. The firm had revenue of $182 million for the quarter, compared to analyst estimates of $173.92 million. Coeur Mining had a negative return on equity of 8.38% and a negative net margin of 49.17%. The company’s revenue was up 9.4% on a year-over-year basis. During the same quarter last year, the firm posted ($0.11) EPS. On average, equities research analysts anticipate that Coeur Mining will post $0.33 earnings per share for the current fiscal year.
In other Coeur Mining news, SVP Hans John Rasmussen sold 3,477 shares of Coeur Mining 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 sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Peter C. Mitchell sold 16,157 shares of Coeur Mining stock in a transaction on Monday, August 8th. The shares were sold at an average price of $15.88, for a total value of $256,573.16. Following the completion of the transaction, the chief financial officer now owns 270,260 shares of the company’s stock, valued at approximately $4,291,728.80. The disclosure for this sale can be found here. 1.53% of the stock is owned by company insiders.
Institutional investors have recently modified their holdings of the stock. Societe Generale acquired a new position in shares of Coeur Mining during the second quarter valued at about $106,000. SG Americas Securities LLC acquired a new position in shares of Coeur Mining during the second quarter valued at about $106,000. Nuveen Asset Management LLC acquired a new position in shares of Coeur Mining during the second quarter valued at about $108,000. Ameritas Investment Partners Inc. increased its position 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 valued at $127,000 after buying an additional 1,415 shares during the last quarter. Finally, Zacks Investment Management acquired a new position in shares of Coeur Mining during the second quarter valued at about $130,000. Hedge funds and other 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.
To view Vetr’s full report, visit Vetr’s official website.
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