Coeur Mining Inc. (CDE) Trading Up 5.9%
Coeur Mining Inc. (NYSE:CDE) rose 5.9% during trading on Thursday . The company traded as high as $13.29 and last traded at $13.20, with a volume of 3,069,344 shares changing hands. The stock had previously closed at $12.46.
A number of research firms have issued reports on CDE. Roth Capital reissued a “buy” rating on shares of Coeur Mining in a research note on Monday, June 27th. Zacks Investment Research raised Coeur Mining from a “hold” rating to a “buy” rating and set a $6.00 target price for the company in a research note on Monday, March 28th. Royal Bank Of Canada raised Coeur Mining from a “sector perform” rating to an “outperform” rating in a research note on Thursday, July 14th. BMO Capital Markets raised Coeur Mining from a “market perform” rating to an “outperform” rating in a research note on Thursday, May 12th. Finally, Barclays PLC boosted their target price on Coeur Mining and gave the company an “outperform” rating in a research note on Monday, June 27th. Two investment analysts have rated the stock with a sell rating, one has issued a hold rating and seven have given a buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average target price of $5.88.
The firm has a 50-day moving average of $10.77 and a 200-day moving average of $6.50. The stock’s market capitalization is $2.06 billion.
Coeur Mining (NYSE:CDE) last posted its quarterly earnings results on Wednesday, April 27th. The company reported ($0.04) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.16) by $0.12. During the same quarter in the previous year, the company earned ($0.24) earnings per share. The business had revenue of $148.39 million for the quarter, compared to analysts’ expectations of $145.74 million. The business’s quarterly revenue was down 3.0% on a year-over-year basis. Equities analysts anticipate that Coeur Mining Inc. will post $0.12 EPS for the current fiscal year.
Other hedge funds have recently bought and sold shares of the company. Donald Smith & CO. Inc. raised its stake 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 worth $32,866,000 after buying an additional 430,286 shares in the last quarter. Royce & Associates LLC raised its stake in 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 in the last quarter. California Public Employees Retirement System raised its stake 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 worth $2,085,000 after buying an additional 72,000 shares in the last quarter. Finally, Sei Investments Co. raised its stake in 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 in 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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