Coeur Mining, Inc. (NYSE:CDE) has been given a $13.00 price objective by stock analysts at Roth Capital in a report issued on Thursday, October 5th. The brokerage presently has a “buy” rating on the basic materials company’s stock. Roth Capital’s price objective would suggest a potential upside of 51.34% from the stock’s previous close.
A number of other brokerages have also issued reports on CDE. BidaskClub upgraded Coeur Mining from a “hold” rating to a “buy” rating in a report on Saturday, June 10th. BMO Capital Markets reiterated a “buy” rating on shares of Coeur Mining in a report on Wednesday, September 13th. Noble Financial reiterated a “hold” rating on shares of Coeur Mining in a report on Wednesday, September 13th. Royal Bank Of Canada set a $13.00 price target on Coeur Mining and gave the company a “buy” rating in a report on Monday, June 12th. Finally, Raymond James Financial, Inc. reiterated a “market perform” rating and issued a $9.50 price target on shares of Coeur Mining in a report on Thursday, September 7th. Two equities research analysts have rated the stock with a sell rating, five have given a hold rating and five have given a buy rating to the stock. Coeur Mining has an average rating of “Hold” and a consensus target price of $11.62.
Shares of Coeur Mining (NYSE CDE) opened at 8.59 on Thursday. Coeur Mining has a one year low of $7.30 and a one year high of $12.30. The firm has a market cap of $1.56 billion, a P/E ratio of 22.31 and a beta of 0.40. The firm’s 50-day moving average price is $9.17 and its 200 day moving average price is $8.82.
Coeur Mining (NYSE:CDE) last released its earnings results on Wednesday, July 26th. The basic materials company reported ($0.01) EPS for the quarter, meeting analysts’ consensus estimates of ($0.01). The firm had revenue of $173.40 million for the quarter, compared to analysts’ expectations of $174.70 million. Coeur Mining had a return on equity of 10.44% and a net margin of 9.65%. The company’s quarterly revenue was down 4.7% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.09 earnings per share. Analysts predict that Coeur Mining will post $0.13 EPS for the current year.
In related news, VP Mark Spurbeck sold 9,500 shares of the company’s stock in a transaction on Friday, September 15th. The stock was sold at an average price of $9.25, for a total value of $87,875.00. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CFO Peter C. Mitchell sold 10,000 shares of the company’s stock in a transaction on Monday, July 31st. The shares were sold at an average price of $8.19, for a total value of $81,900.00. The disclosure for this sale can be found here. In the last quarter, insiders have sold 68,610 shares of company stock valued at $602,855. Company insiders own 1.30% of the company’s stock.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Van ECK Associates Corp increased its position in shares of Coeur Mining by 46.8% in the 2nd quarter. Van ECK Associates Corp now owns 18,611,685 shares of the basic materials company’s stock valued at $159,688,000 after acquiring an additional 5,933,383 shares during the period. GMT Capital Corp increased its position in shares of Coeur Mining by 5.1% in the 2nd quarter. GMT Capital Corp now owns 12,348,689 shares of the basic materials company’s stock valued at $96,690,000 after acquiring an additional 600,900 shares during the period. BlackRock Inc. increased its position in shares of Coeur Mining by 1.3% in the 2nd quarter. BlackRock Inc. now owns 11,688,139 shares of the basic materials company’s stock valued at $100,285,000 after acquiring an additional 149,548 shares during the period. State Street Corp increased its position in shares of Coeur Mining by 25.5% in the 1st quarter. State Street Corp now owns 8,767,696 shares of the basic materials company’s stock valued at $70,842,000 after acquiring an additional 1,780,872 shares during the period. Finally, Dimensional Fund Advisors LP grew its position in Coeur Mining by 65.4% during the 2nd quarter. Dimensional Fund Advisors LP now owns 4,654,860 shares of the basic materials company’s stock worth $39,939,000 after purchasing an additional 1,840,601 shares during the period. 68.90% of the stock is currently owned by hedge funds and other institutional investors.
About Coeur Mining
Coeur Mining, Inc is a gold and silver producer. The Company has its mines located in the United States, Mexico, and Bolivia and exploration projects in Mexico and Argentina. Its segments include Palmarejo, Rochester, Kensington, Wharf, San Bartolome mines, Coeur Capital and Other. The Palmarejo complex is located in the state of Chihuahua, Mexico.
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