Coeur Mining Inc. (CDE) Hits New 52-Week High at $13.60
Coeur Mining Inc. (NYSE:CDE)’s share price reached a new 52-week high during 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 changing hands. The stock had previously closed at $13.01.
Several research firms recently commented on CDE. CIBC lowered Coeur Mining from a “sector perform” rating to a “sector underperform” rating and set a $4.25 target price for the company. in a research note on Friday, April 8th. Roth Capital reiterated a “buy” rating on shares of Coeur Mining in a research note on Monday, June 27th. BMO Capital Markets upgraded Coeur Mining from a “market perform” rating to an “outperform” rating in a research note on Thursday, May 12th. Barclays PLC upped their target price on Coeur Mining and gave the company an “outperform” rating in a research note on Monday, June 27th. Finally, Zacks Investment Research lowered Coeur Mining from a “buy” rating to a “hold” rating in a research note on Monday, May 16th. Two investment analysts have rated the stock with a sell rating, one has assigned a hold rating and seven have assigned a buy rating to the company. The stock presently has an average rating of “Buy” and an average target price of $5.88.
The firm has a 50 day moving average of $10.00 and a 200 day moving average of $6.13. The company’s market capitalization is $2.10 billion.
Coeur Mining (NYSE:CDE) last issued its quarterly earnings results on Wednesday, April 27th. The company reported ($0.04) EPS for the quarter, topping the consensus estimate of ($0.16) by $0.12. The business had revenue of $148.39 million for the quarter, compared to the consensus estimate of $145.74 million. The company’s quarterly revenue was down 3.0% compared to the same quarter last year. During the same period last year, the firm earned ($0.24) earnings per share. On average, analysts expect that Coeur Mining Inc. will post $0.04 EPS for the current fiscal year.
Other large investors have modified their holdings of the company. 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 valued at $1,256,000 after buying an additional 505,705 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 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 last quarter. Finally, 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 worth $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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