Coeur Mining, Inc. (CDE) Rating Reiterated by Canaccord Genuity
Coeur Mining, Inc. (NYSE:CDE)‘s stock had its “buy” rating reiterated by stock analysts at Canaccord Genuity in a report released on Thursday. They presently have a $11.75 price target on the basic materials company’s stock. Canaccord Genuity’s price target points to a potential upside of 27.16% from the stock’s current price.
CDE has been the topic of several other research reports. Royal Bank Of Canada restated a “buy” rating and issued a $14.00 target price on shares of Coeur Mining in a research report on Wednesday, May 24th. Zacks Investment Research upgraded Coeur Mining from a “sell” rating to a “hold” rating in a research report on Thursday, May 11th. BMO Capital Markets restated a “buy” rating and issued a $11.00 target price on shares of Coeur Mining in a research report on Friday, June 30th. BidaskClub downgraded Coeur Mining from a “sell” rating to a “strong sell” rating in a research report on Saturday, August 5th. Finally, ValuEngine downgraded Coeur Mining from a “hold” rating to a “sell” rating in a research report on Friday, September 1st. Three analysts have rated the stock with a sell rating, three have given a hold rating and six have given a buy rating to the stock. Coeur Mining has a consensus rating of “Hold” and a consensus target price of $11.14.
Shares of Coeur Mining (NYSE:CDE) traded up 0.97% during mid-day trading on Thursday, hitting $9.33. The stock had a trading volume of 2,593,647 shares. The stock has a market cap of $1.69 billion, a P/E ratio of 24.23 and a beta of 0.47. Coeur Mining has a one year low of $7.30 and a one year high of $15.35. The firm has a 50 day moving average of $8.25 and a 200-day moving average of $8.59.
Coeur Mining (NYSE:CDE) last issued its quarterly earnings data on Wednesday, July 26th. The basic materials company reported ($0.01) EPS for the quarter, meeting the consensus estimate of ($0.01). Coeur Mining had a return on equity of 10.44% and a net margin of 9.65%. The company had revenue of $173.40 million for the quarter, compared to analyst estimates of $174.70 million. During the same period last year, the company earned $0.09 earnings per share. Coeur Mining’s quarterly revenue was down 4.7% compared to the same quarter last year. Equities research analysts expect that Coeur Mining will post $0.13 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 that occurred on Monday, July 31st. The stock was sold at an average price of $8.19, for a total transaction of $81,900.00. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, COO Frank L. Jr. Hanagarne sold 28,800 shares of Coeur Mining stock in a transaction that occurred on Monday, August 28th. The stock was sold at an average price of $8.50, for a total value of $244,800.00. The disclosure for this sale can be found here. Company insiders own 1.30% of the company’s stock.
Institutional investors have recently made changes to their positions in the stock. UBS Group AG lifted its position in Coeur Mining by 9.8% during the first quarter. UBS Group AG now owns 14,178 shares of the basic materials company’s stock worth $115,000 after buying an additional 1,267 shares in the last quarter. Stevens Capital Management LP purchased a new position in Coeur Mining during the second quarter worth approximately $123,000. Teacher Retirement System of Texas lifted its position in Coeur Mining by 8.5% during the first quarter. Teacher Retirement System of Texas now owns 14,405 shares of the basic materials company’s stock worth $116,000 after buying an additional 1,133 shares in the last quarter. Russell Investments Group Ltd. purchased a new position in Coeur Mining during the second quarter worth approximately $141,000. Finally, Sigma Planning Corp purchased a new position in Coeur Mining during the second quarter worth approximately $143,000. Hedge funds and other institutional investors own 68.90% of the company’s stock.
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.
Receive News & Ratings for Coeur Mining Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Coeur Mining Inc. and related companies with MarketBeat.com's FREE daily email newsletter.