Several other brokerages have also recently weighed in on CDE. CIBC raised Coeur Mining from a sector underperform rating to a sector perform rating in a research note on Tuesday, August 30th. Deutsche Bank AG reissued a sell rating on shares of Coeur Mining in a research note on Wednesday, July 20th. Royal Bank Of Canada raised Coeur Mining from a sector perform rating to an outperform rating in a research note on Thursday, July 14th. Zacks Investment Research cut Coeur Mining from a buy rating to a hold rating in a research note on Tuesday, September 27th. Finally, Vetr cut Coeur Mining from a strong-buy rating to a hold rating and set a $11.10 price target for the company. in a research note on Thursday, October 6th. Five equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. Coeur Mining presently has a consensus rating of Buy and a consensus price target of $8.57.
Coeur Mining (NYSE:CDE) traded down 2.765% during midday trading on Monday, reaching $10.725. The company’s stock had a trading volume of 2,628,144 shares. The firm’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 firm has a 50 day moving average of $12.72 and a 200 day moving average of $10.63.
Coeur Mining (NYSE:CDE) last posted its earnings results on Wednesday, July 27th. The company reported $0.09 EPS for the quarter, beating the consensus estimate of $0.02 by $0.07. The firm earned $182 million during the quarter, compared to the consensus estimate of $173.92 million. Coeur Mining had a negative return on equity of 8.38% and a negative net margin of 49.17%. The business’s quarterly revenue was up 9.4% on a year-over-year basis. During the same period last year, the company earned ($0.11) earnings per share. Analysts anticipate that Coeur Mining will post $0.35 earnings per share for the current fiscal year.
In other Coeur Mining news, CFO Peter C. Mitchell sold 16,157 shares of the firm’s stock in a transaction that occurred on Monday, August 8th. The stock was sold at an average price of $15.88, for a total value of $256,573.16. Following the completion of 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 available at this hyperlink. Also, SVP Hans John Rasmussen sold 2,500 shares of the firm’s stock in a transaction that occurred on Friday, August 12th. The shares were sold at an average price of $16.15, for a total value of $40,375.00. The disclosure for this sale can be found here. 1.53% of the stock is owned by company insiders.
A number of large investors have recently made changes to their positions in CDE. Advisory Services Network LLC purchased a new stake in shares of Coeur Mining during the third quarter worth approximately $736,000. Nomura Holdings Inc. purchased a new stake in shares of Coeur Mining during the second quarter worth 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 worth $267,000 after buying an additional 2,249 shares during the period. 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 worth $249,000 after buying an additional 3,314 shares during the period. Finally, Advisory Research Inc. purchased a new stake in shares of Coeur Mining during the second quarter worth approximately $1,480,000. 69.47% of the stock is owned by hedge funds and other 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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