Coeur Mining Inc. (CDE) Upgraded at Vetr Inc.
Coeur Mining Inc. (NYSE:CDE) was upgraded by equities researchers 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 target price would indicate a potential upside of 13.45% from the company’s current price.
CDE has been the topic of a number of other reports. Royal Bank Of Canada began coverage on Coeur Mining in a report on Tuesday, June 21st. They issued a “sector perform” rating and a $9.00 price objective on the stock. Deutsche Bank AG raised Coeur Mining from a “sell” rating to a “hold” rating and increased their target price for the stock from $7.50 to $11.00 in a report on Monday, October 3rd. Raymond James Financial Inc. raised Coeur Mining from a “market perform” rating to an “outperform” rating in a report on Monday, June 27th. Roth Capital set a $16.00 target price on Coeur Mining and gave the stock a “buy” rating in a report on Monday. Finally, Barclays PLC increased their target price on Coeur Mining and gave the stock an “outperform” rating in a report on Monday, June 27th. Four equities research analysts have rated the stock with a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus target price of $8.73.
Coeur Mining (NYSE:CDE) traded up 0.36% during mid-day trading on Thursday, reaching $11.08. 3,743,174 shares of the company’s stock were exchanged. The stock has a 50-day moving average price of $12.45 and a 200-day moving average price of $10.64. The stock’s market cap is $1.80 billion. Coeur Mining has a 52 week low of $1.62 and a 52 week high of $16.41.
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Coeur Mining (NYSE:CDE) last issued its quarterly earnings data on Wednesday, July 27th. The company reported $0.09 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 period in the prior year, the firm posted ($0.11) EPS. The company’s revenue for the quarter was up 9.4% on a year-over-year basis. On average, analysts forecast that Coeur Mining will post $0.35 earnings per share for the current year.
In other Coeur Mining news, SVP Hans John Rasmussen sold 2,500 shares of the stock in a transaction dated Friday, August 12th. The stock was sold at an average price of $16.15, for a total value of $40,375.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, VP Mark Spurbeck sold 4,565 shares of the stock in a transaction dated Thursday, August 4th. The shares were sold at an average price of $15.75, for a total value of $71,898.75. The disclosure for this sale can be found here. Corporate insiders own 1.53% of the company’s stock.
A number of institutional investors have recently bought and sold shares of the stock. Van ECK Associates Corp increased its position in Coeur Mining by 149.6% in the second quarter. Van ECK Associates Corp now owns 21,020,524 shares of the company’s stock valued at $224,079,000 after buying an additional 12,598,170 shares in the last quarter. Bogle Investment Management L P DE bought a new position in shares of Coeur Mining during the first quarter worth about $13,022,000. Sprott Inc. increased its position 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 period. Teachers Advisors Inc. increased its position 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 period. Finally, GMT Capital Corp increased its position 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 period. Hedge funds and other institutional investors own 69.47% of the company’s stock.
Coeur Mining Company Profile
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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