Coeur Mining (NYSE:CDE) received a $10.00 target price from stock analysts at Royal Bank Of Canada in a research note issued to investors on Tuesday. 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 45.14% from the stock’s previous close.

CDE has been the topic of a number of other research reports. BMO Capital Markets started coverage on shares of Coeur Mining in a research report on Friday, November 17th. They issued an “outperform” rating and a $10.50 price objective on the stock. Raymond James Financial reissued a “market perform” rating and set a $9.50 target price on shares of Coeur Mining in a research report on Thursday, September 7th. Zacks Investment Research downgraded shares of Coeur Mining from a “hold” rating to a “sell” rating in a research report on Thursday, August 10th. ValuEngine downgraded shares of Coeur Mining from a “hold” rating to a “sell” rating in a research report on Friday, September 1st. Finally, BidaskClub raised shares of Coeur Mining from a “strong sell” rating to a “sell” rating in a research report on Thursday, August 24th. 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 has an average rating of “Hold” and an average target price of $10.29.

Coeur Mining (NYSE CDE) traded up $0.11 during midday trading on Tuesday, reaching $6.89. 1,774,115 shares of the company’s stock were exchanged, compared to its average volume of 1,917,971. The company has a current ratio of 3.68, a quick ratio of 2.51 and a debt-to-equity ratio of 0.36. Coeur Mining has a 1-year low of $6.71 and a 1-year high of $12.30.

Coeur Mining (NYSE:CDE) last posted its earnings results on Wednesday, October 25th. The basic materials company reported ($0.10) EPS for the quarter, missing analysts’ consensus estimates of $0.07 by ($0.17). The business had revenue of $176.00 million for the quarter, compared to analysts’ expectations of $185.09 million. Coeur Mining had a negative net margin of 2.41% and a negative return on equity of 1.37%. The company’s revenue for the quarter was up 1.5% on a year-over-year basis. During the same period last year, the business posted $0.23 EPS. equities research analysts expect that Coeur Mining will post -0.05 EPS for the current year.

In related news, SVP Hans John Rasmussen sold 10,000 shares of the business’s stock in a transaction on Friday, September 15th. The shares were sold at an average price of $9.25, for a total value of $92,500.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, COO Frank L. Jr. Hanagarne sold 10,310 shares of the business’s stock in a transaction on Monday, October 2nd. The shares were sold at an average price of $9.29, for a total transaction of $95,779.90. The disclosure for this sale can be found here. Over the last quarter, insiders sold 54,810 shares of company stock valued at $464,155. Company insiders own 1.30% of the company’s stock.

A number of hedge funds and other institutional investors have recently modified their holdings of CDE. Van ECK Associates Corp increased its holdings in Coeur Mining by 46.8% in the 2nd quarter. Van ECK Associates Corp now owns 18,611,685 shares of the basic materials company’s stock worth $159,688,000 after acquiring an additional 5,933,383 shares in the last quarter. Investec Asset Management LTD purchased a new stake in Coeur Mining in the 2nd quarter worth $28,801,000. Dimensional Fund Advisors LP increased its holdings in Coeur Mining by 65.4% in the 2nd quarter. Dimensional Fund Advisors LP now owns 4,654,860 shares of the basic materials company’s stock worth $39,939,000 after acquiring an additional 1,840,601 shares in the last quarter. Alps Advisors Inc. increased its holdings in Coeur Mining by 146.1% in the 2nd quarter. Alps Advisors Inc. now owns 1,468,084 shares of the basic materials company’s stock worth $12,596,000 after acquiring an additional 871,597 shares in the last quarter. Finally, Teachers Advisors LLC increased its holdings in Coeur Mining by 259.5% in the 2nd quarter. Teachers Advisors LLC now owns 1,157,842 shares of the basic materials company’s stock worth $9,934,000 after acquiring an additional 835,734 shares in the last quarter. 69.75% of the stock is owned by institutional investors.

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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.

Analyst Recommendations for Coeur Mining (NYSE:CDE)

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