Coeur Mining Inc. (CDE) Raised to Strong-Buy at Vetr Inc.
Coeur Mining Inc. (NYSE:CDE) was upgraded by stock analysts at Vetr from a “hold” rating to a “strong-buy” rating in a report issued on Thursday. The firm currently has a $12.57 price target on the stock. Vetr‘s price objective would suggest a potential upside of 13.45% from the company’s previous close.
Several other research firms have also recently commented on CDE. CIBC raised Coeur Mining from a “sector underperform” rating to a “sector perform” rating in a report on Tuesday, August 30th. Zacks Investment Research cut Coeur Mining from a “buy” rating to a “hold” rating in a report on Tuesday, September 27th. Deutsche Bank AG reiterated a “sell” rating on shares of Coeur Mining in a research report on Wednesday, July 20th. Roth Capital reiterated a “buy” rating on shares of Coeur Mining in a research report on Monday, June 27th. Finally, Barclays PLC increased their price objective on Coeur Mining and gave the stock an “outperform” rating in a research report on Monday, June 27th. Four investment analysts have rated the stock with a hold rating, six have given 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 an average price target of $8.73.
Shares of Coeur Mining (NYSE:CDE) traded up 0.36% during midday trading on Thursday, reaching $11.08. The company’s stock had a trading volume of 3,743,174 shares. The stock’s 50-day moving average is $12.45 and its 200-day moving average is $10.64. Coeur Mining has a one year low of $1.62 and a one year high of $16.41. The company’s market capitalization is $1.80 billion.
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Coeur Mining (NYSE:CDE) last posted its quarterly 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. Coeur Mining had a negative return on equity of 8.38% and a negative net margin of 49.17%. The firm earned $182 million during the quarter, compared to analysts’ expectations of $173.92 million. During the same quarter last year, the firm earned ($0.11) earnings per share. The business’s revenue for the quarter was up 9.4% on a year-over-year basis. On average, equities analysts expect that Coeur Mining will post $0.35 earnings per share for the current fiscal year.
In related news, CFO Peter C. Mitchell sold 10,000 shares of Coeur Mining stock in a transaction on Thursday, September 1st. The stock was sold at an average price of $12.55, for a total value of $125,500.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Hans John Rasmussen sold 3,477 shares of Coeur Mining stock in a transaction on Friday, July 29th. The shares were sold at an average price of $15.00, for a total value of $52,155.00. The disclosure for this sale can be found here. Insiders own 1.53% of the company’s stock.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Societe Generale bought a new position in Coeur Mining during the second quarter worth about $106,000. SG Americas Securities LLC bought a new position in Coeur Mining during the second quarter worth about $106,000. Nuveen Asset Management LLC bought a new position in Coeur Mining during the second quarter worth about $108,000. Ameritas Investment Partners Inc. raised its position in Coeur Mining by 13.5% in the second quarter. Ameritas Investment Partners Inc. now owns 11,907 shares of the company’s stock worth $127,000 after buying an additional 1,415 shares during the period. Finally, Zacks Investment Management bought a new position in Coeur Mining during the second quarter worth about $130,000. Hedge funds and other institutional investors 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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