Coeur Mining, Inc. (CDE) Given a $11.00 Price Target at Royal Bank Of Canada
Coeur Mining, Inc. (NYSE:CDE) received a $11.00 price objective from equities research analysts at Royal Bank Of Canada in a research note issued on Friday. The firm presently has a “buy” rating on the basic materials company’s stock. Royal Bank Of Canada’s price objective indicates a potential upside of 44.17% from the stock’s previous close.
Several other analysts also recently commented on the company. Roth Capital set a $13.00 price objective on Coeur Mining and gave the stock a “buy” rating in a research note on Thursday, October 5th. Canaccord Genuity reissued a “buy” rating and issued a $11.75 price objective on shares of Coeur Mining in a research note on Thursday, September 7th. BMO Capital Markets reissued a “buy” rating on shares of Coeur Mining in a research note on Wednesday, September 13th. Noble Financial reissued a “hold” rating on shares of Coeur Mining in a research note on Friday, July 28th. Finally, Zacks Investment Research raised Coeur Mining from a “sell” rating to a “hold” rating in a research note on Tuesday, October 10th. Three 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. Coeur Mining has a consensus rating of “Hold” and a consensus price target of $10.91.
Coeur Mining (NYSE CDE) traded up 1.46% on Friday, hitting $7.63. The company’s stock had a trading volume of 3,528,595 shares. The firm has a 50 day moving average of $9.07 and a 200-day moving average of $8.82. Coeur Mining has a 12 month low of $7.30 and a 12 month high of $12.30. The stock has a market cap of $1.38 billion, a PE ratio of 19.82 and a beta of 0.40.
Coeur Mining (NYSE:CDE) last announced its quarterly earnings results on Wednesday, October 25th. The basic materials company reported ($0.10) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.07 by ($0.17). The firm had revenue of $176.00 million during the quarter, compared to the consensus estimate of $185.09 million. Coeur Mining had a negative return on equity of 1.37% and a negative net margin of 2.41%. The firm’s revenue was up 1.5% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.23 EPS. On average, analysts expect that Coeur Mining will post $0.11 earnings per share for the current fiscal year.
In related news, VP Mark Spurbeck sold 9,500 shares of the stock in a transaction that occurred on 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 Securities & Exchange Commission, which is available through this hyperlink. Also, COO Frank L. Jr. Hanagarne sold 28,800 shares of the stock in a transaction that occurred on Monday, August 28th. The shares were 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. Insiders have sold 68,610 shares of company stock valued at $602,855 over the last ninety days. 1.30% of the stock is currently owned by company insiders.
Institutional investors and hedge funds have recently modified their holdings of the stock. UBS Group AG increased its position in shares of Coeur Mining by 9.8% during the first quarter. UBS Group AG now owns 14,178 shares of the basic materials company’s stock valued at $115,000 after acquiring an additional 1,267 shares during the last quarter. Teacher Retirement System of Texas increased its position in shares of 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 valued at $116,000 after acquiring an additional 1,133 shares during the last quarter. Stevens Capital Management LP purchased a new stake in shares of Coeur Mining during the second quarter valued at approximately $123,000. Russell Investments Group Ltd. purchased a new stake in shares of Coeur Mining during the second quarter valued at approximately $141,000. Finally, Sigma Planning Corp purchased a new stake in shares of Coeur Mining during the second quarter valued at approximately $143,000. 68.68% of the stock is owned by 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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