Coeur Mining Inc. (NYSE:CDE) shares were down 6% during mid-day trading on Wednesday . The stock traded as low as $12.23 and last traded at $12.80, with a volume of 4,138,782 shares. The stock had previously closed at $13.61.

Several research analysts have recently issued reports on CDE shares. Zacks Investment Research upgraded Coeur Mining from a “hold” rating to a “buy” rating and set a $6.00 price objective for the company in a research note on Monday, March 28th. Roth Capital restated a “buy” rating on shares of Coeur Mining in a research note on Monday, June 27th. Royal Bank Of Canada upgraded Coeur Mining from a “sector perform” rating to an “outperform” rating in a research note on Thursday, July 14th. Barclays PLC raised their price objective on Coeur Mining and gave the stock an “outperform” rating in a research note on Monday, June 27th. Finally, BMO Capital Markets upgraded Coeur Mining from a “market perform” rating to an “outperform” rating in a research note on Thursday, May 12th. Two equities research analysts have rated the stock with a sell rating, one has given a hold rating and seven have issued a buy rating to the company’s stock. Coeur Mining currently has an average rating of “Buy” and a consensus price target of $5.88.

The company’s market capitalization is $1.91 billion. The firm’s 50-day moving average is $10.29 and its 200 day moving average is $6.33.

Coeur Mining (NYSE:CDE) last released its quarterly earnings data on Wednesday, April 27th. The company reported ($0.04) earnings per share for the quarter, beating the consensus estimate of ($0.16) by $0.12. During the same period in the previous year, the business earned ($0.24) earnings per share. The firm earned $148.39 million during the quarter, compared to analysts’ expectations of $145.74 million. The business’s revenue for the quarter was down 3.0% on a year-over-year basis. On average, equities analysts predict that Coeur Mining Inc. will post $0.12 EPS for the current year.

A number of institutional investors have recently added to or reduced their stakes in CDE. Sei Investments Co. increased its position in Coeur Mining by 71,528.3% in the fourth quarter. Sei Investments Co. now owns 506,412 shares of the company’s stock valued at $1,256,000 after buying an additional 505,705 shares during the last quarter. California Public Employees Retirement System increased its position in Coeur Mining by 9.4% in the fourth quarter. California Public Employees Retirement System now owns 840,600 shares of the company’s stock valued at $2,085,000 after buying an additional 72,000 shares during the last quarter. Royce & Associates LLC increased its position in Coeur Mining by 11.5% in the fourth quarter. Royce & Associates LLC now owns 1,068,000 shares of the company’s stock valued at $2,649,000 after buying an additional 110,500 shares during the last quarter. Finally, Donald Smith & CO. Inc. increased its position in 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 during the last quarter.

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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