Coeur Mining, Inc. (NYSE:CDE) Stock Rating Reaffirmed by BMO Capital Markets
Coeur Mining, Inc. (NYSE:CDE)‘s stock had its “buy” rating reaffirmed by stock analysts at BMO Capital Markets in a research report issued on Friday. They presently have a $11.00 price target on the basic materials company’s stock. BMO Capital Markets’ price objective suggests a potential upside of 28.21% from the stock’s previous close.
A number of other equities research analysts have also issued reports on the company. Zacks Investment Research lowered Coeur Mining from a “hold” rating to a “sell” rating in a research report on Monday, March 27th. Deutsche Bank AG reduced their price target on Coeur Mining from $10.50 to $9.00 and set a “hold” rating on the stock in a research report on Tuesday, March 21st. BidaskClub raised Coeur Mining from a “hold” rating to a “buy” rating in a research report on Saturday, June 10th. Royal Bank Of Canada reaffirmed a “buy” rating and issued a $14.00 price target on shares of Coeur Mining in a research report on Wednesday, May 24th. Finally, Roth Capital set a $13.00 price target on Coeur Mining and gave the company a “buy” rating in a research report on Wednesday, June 14th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and six have issued a buy rating to the stock. Coeur Mining has a consensus rating of “Buy” and a consensus price target of $11.29.
Shares of Coeur Mining (CDE) opened at 8.58 on Friday. Coeur Mining has a 52-week low of $7.30 and a 52-week high of $16.41. The stock’s 50 day moving average price is $9.18 and its 200 day moving average price is $9.31. The company has a market capitalization of $1.56 billion, a P/E ratio of 15.52 and a beta of 0.57.
Coeur Mining (NYSE:CDE) last posted its quarterly earnings results on Wednesday, April 26th. The basic materials company reported $0.04 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.03 by $0.01. The company had revenue of $206.10 million for the quarter, compared to analyst estimates of $208.95 million. Coeur Mining had a return on equity of 14.07% and a net margin of 13.05%. Coeur Mining’s revenue for the quarter was up 38.9% compared to the same quarter last year. During the same quarter last year, the company earned ($0.06) EPS. On average, equities research analysts forecast that Coeur Mining will post $0.17 earnings per share for the current fiscal year.
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In other news, CFO Peter C. Mitchell sold 10,000 shares of the stock in a transaction dated Friday, April 28th. The stock was sold at an average price of $8.89, for a total value of $88,900.00. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 1.30% of the company’s stock.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Societe Generale acquired a new position in Coeur Mining during the second quarter worth approximately $106,000. SG Americas Securities LLC purchased a new position in Coeur Mining during the second quarter worth about $106,000. Fox Run Management L.L.C. purchased a new position in Coeur Mining during the third quarter worth about $135,000. BB&T Corp increased its position in Coeur Mining by 13.3% in the third quarter. BB&T Corp now owns 12,347 shares of the basic materials company’s stock worth $146,000 after buying an additional 1,447 shares in the last quarter. Finally, Russell Investments Group Ltd. purchased a new position in Coeur Mining during the fourth quarter worth about $124,000. Institutional investors and hedge funds own 67.78% of the company’s stock.
Coeur Mining Company Profile
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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