Vetr upgraded shares of Coeur Mining Inc. (NYSE:CDE) from a hold rating to a strong-buy rating in a research note published on Thursday morning. The firm currently has $12.57 target price on the stock.
Other analysts also recently issued reports about the company. Roth Capital restated a buy rating on shares of Coeur Mining in a report on Monday, June 27th. Deutsche Bank AG upgraded Coeur Mining from a sell rating to a hold rating and lifted their price objective for the company from $7.50 to $11.00 in a report on Monday, October 3rd. Zacks Investment Research downgraded shares of Coeur Mining from a buy rating to a hold rating in a report on Tuesday, September 27th. Barclays PLC boosted their target price on shares of Coeur Mining and gave the stock an outperform rating in a report on Monday, June 27th. Finally, Royal Bank Of Canada upgraded shares of Coeur Mining from a sector perform rating to an outperform rating in a report on Thursday, July 14th. Four investment analysts have rated the stock with a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company’s stock. The stock currently has an average rating of Buy and a consensus target price of $9.01.
Shares of Coeur Mining (NYSE:CDE) traded down 1.53% during trading on Thursday, hitting $10.91. 812,175 shares of the stock traded hands. The firm’s market cap is $1.77 billion. Coeur Mining has a 52-week low of $1.62 and a 52-week high of $16.41. The stock has a 50 day moving average of $12.45 and a 200 day moving average of $10.64.
Coeur Mining (NYSE:CDE) last released its quarterly earnings data on Wednesday, July 27th. The company reported $0.09 earnings per share 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 firm’s quarterly revenue was up 9.4% on a year-over-year basis. During the same period in the previous year, the company posted ($0.11) earnings per share. Analysts expect that Coeur Mining will post $0.35 EPS for the current year.
In other Coeur Mining news, CFO Peter C. Mitchell sold 10,000 shares of the business’s stock in a transaction dated Thursday, September 1st. The shares were sold at an average price of $12.55, for a total value of $125,500.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP Hans John Rasmussen sold 3,750 shares of the business’s stock in a transaction dated Wednesday, August 10th. The stock was sold at an average price of $16.34, for a total transaction of $61,275.00. The disclosure for this sale can be found here. 1.53% of the stock is currently owned by company insiders.
A number of institutional investors have recently made changes to their positions in the company. Van ECK Associates Corp raised its stake in shares of Coeur Mining by 149.6% in the second quarter. Van ECK Associates Corp now owns 21,020,524 shares of the company’s stock worth $224,079,000 after buying an additional 12,598,170 shares during the last quarter. Bogle Investment Management L P DE acquired a new stake in shares of Coeur Mining during the first quarter worth $13,022,000. Sprott Inc. raised its stake in shares of Coeur Mining by 495.2% in the second quarter. Sprott Inc. now owns 1,819,600 shares of the company’s stock worth $19,397,000 after buying an additional 1,513,900 shares during the last quarter. Teachers Advisors Inc. raised its stake in shares of Coeur Mining by 589.1% in the first quarter. Teachers Advisors Inc. now owns 1,579,196 shares of the company’s stock worth $8,875,000 after buying an additional 1,350,035 shares during the last quarter. Finally, GMT Capital Corp raised its stake in shares of Coeur Mining by 23.8% in the second quarter. GMT Capital Corp now owns 6,536,489 shares of the company’s stock worth $69,679,000 after buying an additional 1,258,405 shares during the last quarter. Institutional investors and hedge funds own 69.47% of the company’s stock.
About Coeur Mining
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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