Coeur Mining, Inc. (CDE) Receives Average Recommendation of “Buy” from Brokerages
Shares of Coeur Mining, Inc. (NYSE:CDE) have been given an average rating of “Buy” by the eleven ratings firms that are currently covering the stock, MarketBeat.com reports. One research analyst has rated the stock with a sell rating, three have given a hold rating and six have assigned a buy rating to the company. The average 1-year price objective among brokers that have covered the stock in the last year is $11.81.
A number of brokerages recently weighed in on CDE. Roth Capital set a $13.00 price target on shares of Coeur Mining and gave the stock a “buy” rating in a report on Wednesday, June 14th. Zacks Investment Research raised shares of Coeur Mining from a “hold” rating to a “buy” rating and set a $8.50 price objective on the stock in a report on Monday, March 13th. Royal Bank Of Canada set a $13.00 price objective on shares of Coeur Mining and gave the company a “buy” rating in a report on Monday, June 12th. Deutsche Bank AG dropped their price objective on shares of Coeur Mining from $10.50 to $9.00 and set a “hold” rating on the stock in a report on Tuesday, March 21st. Finally, BidaskClub raised shares of Coeur Mining from a “hold” rating to a “buy” rating in a report on Saturday, June 10th.
In other news, CFO Peter C. Mitchell sold 10,000 shares of the stock in a transaction dated Friday, April 28th. The shares were sold at an average price of $8.89, for a total value of $88,900.00. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Corporate insiders own 1.30% of the company’s stock.
Large investors have recently made changes to their positions in the company. Russell Investments Group Ltd. purchased a new stake in shares of Coeur Mining during the fourth quarter worth about $124,000. State Street Corp increased its stake in shares of Coeur Mining by 44.5% in the fourth quarter. State Street Corp now owns 6,986,824 shares of the basic materials company’s stock worth $63,506,000 after buying an additional 2,152,807 shares during the last quarter. Martingale Asset Management L P increased its stake in shares of Coeur Mining by 82.0% in the fourth quarter. Martingale Asset Management L P now owns 129,426 shares of the basic materials company’s stock worth $1,177,000 after buying an additional 58,300 shares during the last quarter. Trexquant Investment LP bought a new position in Coeur Mining during the fourth quarter valued at $253,000. Finally, Marshall Wace LLP boosted its position in Coeur Mining by 46.0% in the fourth quarter. Marshall Wace LLP now owns 628,618 shares of the basic materials company’s stock valued at $5,714,000 after buying an additional 198,089 shares during the period. 68.06% of the stock is currently owned by hedge funds and other institutional investors.
Coeur Mining (NYSE:CDE) opened at 8.58 on Friday. The firm has a market cap of $1.56 billion, a PE ratio of 15.52 and a beta of 0.57. The company has a 50-day moving average price of $9.17 and a 200 day moving average price of $9.39. Coeur Mining has a 12 month low of $7.30 and a 12 month high of $16.41.
Coeur Mining (NYSE:CDE) last issued its quarterly earnings results on Wednesday, April 26th. The basic materials company reported $0.04 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.03 by $0.01. The company had revenue of $206.10 million for the quarter, compared to the consensus estimate of $208.95 million. Coeur Mining had a net margin of 13.05% and a return on equity of 14.07%. The firm’s quarterly revenue was up 38.9% on a year-over-year basis. During the same period in the previous year, the firm earned ($0.06) EPS. Equities research analysts anticipate that Coeur Mining will post $0.22 EPS for the current year.
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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