Roth Capital Analysts Give Coeur Mining Inc. (CDE) a $16.00 Price Target
Coeur Mining Inc. (NYSE:CDE) has been assigned a $16.00 target price by investment analysts at Roth Capital in a research note issued on Monday. The brokerage presently has a a “buy” rating on the stock. Roth Capital’s target price would indicate a potential upside of 45.06% from the stock’s previous close.
A number of other equities analysts have also commented on the stock. Vetr lowered shares of Coeur Mining from a “strong-buy” rating to a “hold” rating and set a $11.10 price target on the stock. in a report on Thursday, October 6th. Deutsche Bank AG raised shares of Coeur Mining from a “sell” rating to a “hold” rating and increased their target price for the company from $7.50 to $11.00 in a report on Monday, October 3rd. Zacks Investment Research lowered shares of Coeur Mining from a “buy” rating to a “hold” rating in a report on Tuesday, September 27th. CIBC raised shares of Coeur Mining from a “sector underperform” rating to a “sector perform” rating in a report on Tuesday, August 30th. Finally, Royal Bank Of Canada raised shares of Coeur Mining from a “sector perform” rating to an “outperform” rating in a report on Thursday, July 14th. Five investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The stock presently has an average rating of “Buy” and a consensus price target of $8.57.
Shares of Coeur Mining (NYSE:CDE) traded down 2.765% during trading on Monday, hitting $10.725. 2,529,867 shares of the stock traded hands. The company has a 50 day moving average price of $12.72 and a 200 day moving average price of $10.63. The firm’s market cap is $1.74 billion. Coeur Mining has a 12 month low of $1.62 and a 12 month high of $16.41.
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Coeur Mining (NYSE:CDE) last issued its quarterly earnings results on Wednesday, July 27th. The company reported $0.09 EPS for the quarter, topping 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 net margin of 49.17% and a negative return on equity of 8.38%. The business’s revenue for the quarter was up 9.4% compared to the same quarter last year. During the same quarter in the prior year, the firm earned ($0.11) EPS. Analysts anticipate that Coeur Mining will post $0.35 earnings per share for the current fiscal year.
In other news, CFO Peter C. Mitchell sold 10,000 shares of the firm’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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP Hans John Rasmussen sold 3,477 shares of the firm’s stock in a transaction dated Friday, July 29th. The stock was sold at an average price of $15.00, for a total transaction of $52,155.00. The disclosure for this sale can be found here. 1.53% of the stock is currently owned by insiders.
Large investors have recently bought and sold shares of the company. TIAA CREF Investment Management LLC boosted its stake 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 valued at $5,629,000 after buying an additional 565,686 shares in the last quarter. Teachers Advisors Inc. boosted its stake in Coeur Mining by 589.1% in the first quarter. Teachers Advisors Inc. now owns 1,579,196 shares of the company’s stock valued at $8,875,000 after buying an additional 1,350,035 shares in the last quarter. BlackRock Institutional Trust Company N.A. boosted its stake 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 valued at $19,782,000 after buying an additional 17,614 shares in the last quarter. Shufro Rose & Co. LLC boosted its position in shares of 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 period. Finally, Landscape Capital Management L.L.C. acquired a new position in shares of Coeur Mining during the first quarter worth about $1,203,000. 69.47% of the stock is owned by hedge funds and other 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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