Coeur Mining’s (CDE) Outperform Rating Reiterated at Royal Bank Of Canada
Coeur Mining, Inc. (NYSE:CDE)‘s stock had its “outperform” rating reaffirmed by investment analysts at Royal Bank Of Canada in a research note issued to investors on Thursday.
A number of other brokerages have also weighed in on CDE. Zacks Investment Research upgraded shares of Coeur Mining from a “sell” rating to a “hold” rating in a report on Thursday, May 11th. BMO Capital Markets reaffirmed 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 shares of Coeur Mining from a “sell” rating to a “strong sell” rating in a research report on Saturday, August 5th. Canaccord Genuity reaffirmed a “buy” rating and issued a $11.75 target price on shares of Coeur Mining in a research report on Thursday. Finally, UBS AG downgraded shares of Coeur Mining from an “outperform” rating to a “market perform” rating in a research report on Thursday. Three investment analysts have rated the stock with a sell rating, three have assigned a hold rating and five have issued a buy rating to the stock. Coeur Mining presently has a consensus rating of “Hold” and a consensus target price of $11.14.
Shares of Coeur Mining (NYSE CDE) traded up 1.30% during mid-day trading on Thursday, reaching $9.36. The company’s stock had a trading volume of 3,230,356 shares. The company has a 50-day moving average of $8.25 and a 200-day moving average of $8.59. Coeur Mining has a 12 month low of $7.30 and a 12 month high of $15.35. The company has a market cap of $1.70 billion, a P/E ratio of 24.31 and a beta of 0.47.
Coeur Mining (NYSE:CDE) last released its earnings results on Wednesday, July 26th. The basic materials company reported ($0.01) earnings per share (EPS) for the quarter, meeting the Thomson Reuters’ consensus estimate of ($0.01). Coeur Mining had a net margin of 9.65% and a return on equity of 10.44%. The firm had revenue of $173.40 million during the quarter, compared to analyst estimates of $174.70 million. During the same period last year, the business earned $0.09 earnings per share. The business’s revenue was down 4.7% on a year-over-year basis. Equities research analysts forecast that Coeur Mining will post $0.13 earnings per share for the current fiscal year.
In other news, COO Frank L. Jr. Hanagarne sold 28,800 shares of the business’s stock in a transaction on Monday, August 28th. The shares were sold at an average price of $8.50, for a total transaction of $244,800.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Peter C. Mitchell sold 10,000 shares of the business’s stock in a transaction on Monday, July 31st. The shares were sold at an average price of $8.19, for a total transaction of $81,900.00. The disclosure for this sale can be found here. Insiders own 1.30% of the company’s stock.
Several hedge funds have recently modified their holdings of the company. U S Global Investors Inc. grew its position in shares of Coeur Mining by 8.2% during the 2nd quarter. U S Global Investors Inc. now owns 108,224 shares of the basic materials company’s stock valued at $926,000 after acquiring an additional 8,224 shares during the period. Raymond James Financial Services Advisors Inc. grew its position in shares of Coeur Mining by 83.9% during the 2nd quarter. Raymond James Financial Services Advisors Inc. now owns 20,380 shares of the basic materials company’s stock valued at $175,000 after acquiring an additional 9,300 shares during the period. The Manufacturers Life Insurance Company grew its position in shares of Coeur Mining by 0.8% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 138,812 shares of the basic materials company’s stock valued at $1,191,000 after acquiring an additional 1,038 shares during the period. ETF Managers Group LLC bought a new stake in shares of Coeur Mining during the 2nd quarter valued at $5,207,000. Finally, QCM Cayman Ltd. bought a new stake in shares of Coeur Mining during the 2nd quarter valued at $160,000. 68.90% of the stock is owned by hedge funds and other institutional investors.
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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