Coeur Mining, Inc. (CDE) PT Set at $13.00 by Roth Capital
Coeur Mining, Inc. (NYSE:CDE) received a $13.00 price objective from investment analysts at Roth Capital in a research report issued on Thursday. The firm currently has a “buy” rating on the basic materials company’s stock. Roth Capital’s price objective suggests a potential upside of 40.39% from the stock’s previous close.
Several other analysts have also weighed in on the company. Canaccord Genuity restated a “buy” rating and set a $11.75 price target on shares of Coeur Mining in a report on Thursday, September 7th. Royal Bank Of Canada reiterated an “outperform” rating on shares of Coeur Mining in a research note on Thursday, September 7th. UBS AG lowered Coeur Mining from an “outperform” rating to a “market perform” rating in a research note on Thursday, September 7th. ValuEngine lowered Coeur Mining from a “hold” rating to a “sell” rating in a research note on Friday, September 1st. Finally, BidaskClub upgraded Coeur Mining from a “hold” rating to a “buy” rating in a research note on Saturday, June 10th. Three research analysts have rated the stock with a sell rating, four have assigned a hold rating and five have issued a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average target price of $11.62.
Shares of Coeur Mining (NYSE:CDE) traded down 1.28% on Thursday, hitting $9.26. 2,678,528 shares of the stock traded hands. The firm has a market cap of $1.68 billion, a PE ratio of 24.05 and a beta of 0.40. Coeur Mining has a 52-week low of $7.30 and a 52-week high of $13.18. The firm has a 50 day moving average price of $8.94 and a 200 day moving average price of $8.75.
Coeur Mining (NYSE:CDE) last released its quarterly earnings results on Wednesday, July 26th. The basic materials company reported ($0.01) earnings per share for the quarter, meeting the Thomson Reuters’ 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 quarter in the prior year, the firm posted $0.09 EPS. Coeur Mining’s quarterly revenue was down 4.7% compared to the same quarter last year. On average, equities analysts forecast that Coeur Mining will post $0.13 EPS for the current year.
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In related news, VP Mark Spurbeck sold 9,500 shares of the firm’s stock in a transaction dated Friday, September 15th. The stock was sold at an average price of $9.25, for a total transaction of $87,875.00. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, SVP Hans John Rasmussen sold 10,000 shares of the firm’s stock in a transaction dated Friday, September 15th. The stock was sold at an average price of $9.25, for a total value of $92,500.00. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 68,610 shares of company stock worth $602,855. 1.30% of the stock is owned by corporate insiders.
A number of hedge funds and other institutional investors have recently modified their holdings of CDE. UBS Group AG boosted its holdings in Coeur Mining by 9.8% in the first quarter. UBS Group AG now owns 14,178 shares of the basic materials company’s stock worth $115,000 after acquiring an additional 1,267 shares in the last quarter. Teacher Retirement System of Texas boosted its holdings in Coeur Mining by 8.5% in the first quarter. Teacher Retirement System of Texas now owns 14,405 shares of the basic materials company’s stock worth $116,000 after acquiring an additional 1,133 shares in the last quarter. Stevens Capital Management LP acquired a new stake in Coeur Mining in the second quarter worth about $123,000. Russell Investments Group Ltd. acquired a new stake in Coeur Mining in the second quarter worth about $141,000. Finally, Sigma Planning Corp acquired a new stake in Coeur Mining in the second quarter worth about $143,000. 68.90% of the stock is owned by institutional investors and hedge funds.
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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