Coeur Mining Inc. (CDE) Sets New 52-Week High at $13.60
Shares of Coeur Mining Inc. (NYSE:CDE) hit a new 52-week high during mid-day trading on Thursday . The stock traded as high as $13.60 and last traded at $13.56, with a volume of 4,432,808 shares trading hands. The stock had previously closed at $13.01.
Several brokerages have recently issued reports on CDE. CIBC cut Coeur Mining from a “sector perform” rating to a “sector underperform” rating and set a $4.25 price objective on the stock. in a research note on Friday, April 8th. Zacks Investment Research cut Coeur Mining from a “buy” rating to a “hold” rating in a research note on Monday, May 16th. Royal Bank Of Canada began coverage on Coeur Mining in a research note on Tuesday, June 21st. They issued a “sector perform” rating and a $9.00 price objective on the stock. Raymond James Financial Inc. upgraded Coeur Mining from a “market perform” rating to an “outperform” rating in a research note on Monday, June 27th. Finally, Deutsche Bank AG reiterated a “sell” rating on shares of Coeur Mining in a research note on Thursday, July 7th. Two research analysts have rated the stock with a sell rating, one has issued a hold rating and seven have assigned a buy rating to the company. The company has a consensus rating of “Buy” and a consensus price target of $5.88.
The company has a 50 day moving average price of $9.65 and a 200-day moving average price of $6.00. The stock’s market cap is $2.09 billion.
Coeur Mining (NYSE:CDE) last announced its quarterly earnings data on Wednesday, April 27th. The company reported ($0.04) earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.16) by $0.12. The company had revenue of $148.39 million for the quarter, compared to analysts’ expectations of $145.74 million. The firm’s quarterly revenue was down 3.0% on a year-over-year basis. During the same period in the prior year, the firm earned ($0.24) earnings per share.
Other hedge funds recently made changes to their positions in the company. Donald Smith & CO. Inc. boosted its stake in shares of Coeur Mining by 3.4% in the fourth quarter. Donald Smith & CO. Inc. now owns 13,252,541 shares of the company’s stock valued at $32,866,000 after buying an additional 430,286 shares in the last quarter. Royce & Associates LLC boosted its stake in shares of Coeur Mining by 11.5% in the fourth quarter. Royce & Associates LLC now owns 1,068,000 shares of the company’s stock worth $2,649,000 after buying an additional 110,500 shares during the period. Commerzbank Aktiengesellschaft FI boosted its stake in shares of Coeur Mining by 46.9% in the fourth quarter. Commerzbank Aktiengesellschaft FI now owns 890,658 shares of the company’s stock worth $2,209,000 after buying an additional 284,351 shares during the period. California Public Employees Retirement System boosted its stake in shares of Coeur Mining by 9.4% in the fourth quarter. California Public Employees Retirement System now owns 840,600 shares of the company’s stock worth $2,085,000 after buying an additional 72,000 shares during the period. Finally, Sei Investments Co. boosted its stake in shares of Coeur Mining by 71,528.3% in the fourth quarter. Sei Investments Co. now owns 506,412 shares of the company’s stock worth $1,256,000 after buying an additional 505,705 shares during the period.
Coeur Mining, Inc is a gold and silver producer. The Company’s segments include Palmarejo complex, Rochester, Kensington, Wharf and San Bartolome mines, and Coeur Capital. The Company also a non-operating interest in the Endeavor mine in Australia in addition to royalties on the El Gallo complex in Mexico, the Zaruma mine in Ecuador, and the Correnso mine in New Zealand.
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