Coeur Mining Inc. (CDE) Stock Rating Upgraded by Vetr Inc.
Coeur Mining Inc. (NYSE:CDE) was upgraded by equities researchers at Vetr from a “hold” rating to a “strong-buy” rating in a report released on Thursday. The brokerage currently has a $12.57 price target on the stock. Vetr‘s price objective would indicate a potential upside of 18.70% from the company’s previous close.
Other equities research analysts also recently issued research reports about the company. Roth Capital reaffirmed a “buy” rating on shares of Coeur Mining in a research report on Monday, June 27th. Raymond James Financial Inc. raised Coeur Mining from a “market perform” rating to an “outperform” rating in a research report on Monday, June 27th. Royal Bank Of Canada raised Coeur Mining from a “sector perform” rating to an “outperform” rating in a research report on Thursday, July 14th. Deutsche Bank AG reaffirmed a “sell” rating on shares of Coeur Mining in a research report on Thursday, July 7th. Finally, Barclays PLC upped their target price on Coeur Mining and gave the stock an “outperform” rating in a research report on Monday, June 27th. Four analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The company has an average rating of “Buy” and a consensus target price of $8.83.
Coeur Mining (NYSE:CDE) opened at 10.59 on Thursday. The firm’s market cap is $1.72 billion. The firm’s 50-day moving average price is $12.37 and its 200 day moving average price is $10.67. Coeur Mining has a 52-week low of $1.62 and a 52-week high of $16.41.
Coeur Mining (NYSE:CDE) last issued its earnings results on Wednesday, July 27th. The company reported $0.09 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.02 by $0.07. Coeur Mining had a negative return on equity of 8.38% and a negative net margin of 49.17%. The company earned $182 million during the quarter, compared to the consensus estimate of $173.92 million. During the same quarter in the prior year, the business earned ($0.11) earnings per share. The company’s revenue was up 9.4% compared to the same quarter last year. On average, equities research analysts forecast that Coeur Mining will post $0.35 EPS for the current year.
In other Coeur Mining news, CFO Peter C. Mitchell sold 16,157 shares of the stock in a transaction that occurred on Monday, August 8th. The stock was sold at an average price of $15.88, for a total transaction of $256,573.16. Following the transaction, the chief financial officer now owns 270,260 shares of the company’s stock, valued at approximately $4,291,728.80. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, SVP Hans John Rasmussen sold 3,750 shares of the stock in a transaction that occurred on Wednesday, August 10th. The stock was sold at an average price of $16.34, for a total value of $61,275.00. The disclosure for this sale can be found here. Company insiders own 1.53% of the company’s stock.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Fox Run Management L.L.C. purchased a new position in Coeur Mining during the third quarter worth approximately $135,000. Advisory Services Network LLC bought a new stake in shares of Coeur Mining during the third quarter worth $736,000. Nomura Holdings Inc. bought a new stake in shares of Coeur Mining during the second quarter worth $143,000. Amalgamated Bank boosted its stake in shares of Coeur Mining by 15.4% in the second quarter. Amalgamated Bank now owns 16,847 shares of the company’s stock worth $267,000 after buying an additional 2,249 shares during the last quarter. Finally, Legal & General Group Plc boosted its stake in shares of Coeur Mining by 16.3% in the second quarter. Legal & General Group Plc now owns 23,670 shares of the company’s stock worth $249,000 after buying an additional 3,314 shares during the last quarter. 69.47% of the stock is currently owned by institutional investors.
About Coeur Mining
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.
To view Vetr’s full report, visit Vetr’s official website.
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