Coeur Mining Inc. (CDE) Stock Price Up 5.9%
Shares of Coeur Mining Inc. (NYSE:CDE) shot up 5.9% during mid-day 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. The stock had previously closed at $12.46.
A number of brokerages recently issued reports on CDE. CIBC downgraded Coeur Mining from a “sector perform” rating to a “sector underperform” rating and set a $4.25 price objective for the company. in a research report on Friday, April 8th. Roth Capital reissued a “buy” rating on shares of Coeur Mining in a research report on Monday, June 27th. BMO Capital Markets raised Coeur Mining from a “market perform” rating to an “outperform” rating in a research report on Thursday, May 12th. Zacks Investment Research downgraded Coeur Mining from a “buy” rating to a “hold” rating in a research report on Monday, May 16th. Finally, Barclays PLC raised their price objective on Coeur Mining and gave the stock an “outperform” rating in a research report on Monday, June 27th. Two 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 stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $5.88.
The company’s market capitalization is $2.04 billion. The company has a 50-day moving average price of $10.43 and a 200 day moving average price of $6.37.
Coeur Mining (NYSE:CDE) last issued 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 earned $148.39 million during the quarter, compared to analysts’ expectations of $145.74 million. During the same quarter in the prior year, the company earned ($0.24) earnings per share. The firm’s revenue was down 3.0% compared to the same quarter last year. On average, analysts predict that Coeur Mining Inc. will post $0.12 EPS for the current year.
A number of institutional investors have added to or reduced their stakes in CDE. 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 worth $2,085,000 after buying an additional 72,000 shares during the period. 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 worth $2,649,000 after buying an additional 110,500 shares during the period. 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 worth $32,866,000 after buying an additional 430,286 shares during the period. Finally, 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 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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