Coeur Mining Inc. (CDE) PT Set at $16.00 by Roth Capital
Coeur Mining Inc. (NYSE:CDE) has been assigned a $16.00 price target by Roth Capital in a research note issued on Monday. The brokerage presently has a a “buy” rating on the stock. Roth Capital’s price objective points to a potential upside of 45.06% from the stock’s current price.
Other equities research analysts have also issued research reports about the company. Vetr lowered Coeur Mining from a “strong-buy” rating to a “hold” rating and set a $11.10 target price on the stock. in a research note on Thursday, October 6th. Deutsche Bank AG upgraded Coeur Mining from a “sell” rating to a “hold” rating and boosted their price target for the company from $7.50 to $11.00 in a report on Monday, October 3rd. Zacks Investment Research downgraded Coeur Mining from a “buy” rating to a “hold” rating in a report on Tuesday, September 27th. Royal Bank Of Canada upgraded Coeur Mining from a “sector perform” rating to an “outperform” rating in a report on Thursday, July 14th. Finally, Barclays PLC boosted their price target on Coeur Mining and gave the company an “outperform” rating in a report on Monday, June 27th. Five equities research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. The stock has a consensus rating of “Buy” and an average price target of $8.57.
Coeur Mining (NYSE:CDE) traded down 2.584% on Monday, hitting $10.745. The stock had a trading volume of 2,990,582 shares. The company’s 50-day moving average price is $12.72 and its 200 day moving average price is $10.63. The firm’s market cap is $1.74 billion. Coeur Mining has a one year low of $1.62 and a one year high of $16.41.
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Coeur Mining (NYSE:CDE) last posted its earnings results on Wednesday, July 27th. The company reported $0.09 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.02 by $0.07. Coeur Mining had a negative return on equity of 8.38% and a negative net margin of 49.17%. The firm had revenue of $182 million for the quarter, compared to analyst estimates of $173.92 million. During the same quarter in the prior year, the company earned ($0.11) EPS. Coeur Mining’s revenue was up 9.4% on a year-over-year basis. Analysts expect that Coeur Mining will post $0.35 earnings per share for the current year.
In related news, 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 sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director J Kenneth Thompson sold 7,500 shares of the company’s stock in a transaction dated Monday, August 1st. The shares were sold at an average price of $15.52, for a total transaction of $116,400.00. Following the completion of the transaction, the director now directly owns 85,788 shares of the company’s stock, valued at $1,331,429.76. The disclosure for this sale can be found here. 1.53% of the stock is owned by corporate insiders.
A number of institutional investors have recently bought and sold shares of CDE. TIAA CREF Investment Management LLC boosted its position in Coeur Mining by 129.8% in the first quarter. TIAA CREF Investment Management LLC now owns 1,001,561 shares of the company’s stock worth $5,629,000 after buying an additional 565,686 shares during the last quarter. Teachers Advisors Inc. boosted its position in 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. BlackRock Institutional Trust Company N.A. boosted its position in Coeur Mining by 0.5% in the first quarter. BlackRock Institutional Trust Company N.A. now owns 3,519,905 shares of the company’s stock worth $19,782,000 after buying an additional 17,614 shares during the last quarter. Shufro Rose & Co. LLC boosted its position in Coeur Mining by 7.0% in the first quarter. Shufro Rose & Co. LLC now owns 80,700 shares of the company’s stock worth $454,000 after buying an additional 5,300 shares during the last quarter. Finally, Landscape Capital Management L.L.C. purchased a new position in Coeur Mining during the first quarter worth $1,203,000. 69.47% of the stock is owned by institutional investors.
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.
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