Royal Bank Of Canada Analysts Give Coeur Mining, Inc. (CDE) a $11.00 Price Target
Several other equities research analysts also recently weighed in on CDE. BMO Capital Markets reiterated a buy rating and issued a $11.00 price target on shares of Coeur Mining in a report on Friday, June 30th. Noble Financial reiterated a hold rating on shares of Coeur Mining in a report on Friday, July 28th. BidaskClub downgraded Coeur Mining from a sell rating to a strong sell rating in a report on Saturday, August 5th. Zacks Investment Research downgraded Coeur Mining from a hold rating to a sell rating in a report on Thursday, August 10th. Finally, ValuEngine downgraded Coeur Mining from a hold rating to a sell rating in a report on Friday, September 1st. Three research analysts have rated the stock with a sell rating, four have issued a hold rating and five have issued a buy rating to the company’s stock. The stock has a consensus rating of Hold and an average price target of $10.91.
Shares of Coeur Mining (NYSE:CDE) opened at 7.74 on Friday. Coeur Mining has a 12 month low of $7.30 and a 12 month high of $12.30. The stock has a 50 day moving average price of $8.93 and a 200-day moving average price of $8.77. The company has a market capitalization of $1.40 billion, a price-to-earnings ratio of 20.10 and a beta of 0.39.
Coeur Mining (NYSE:CDE) last issued its quarterly earnings results on Wednesday, October 25th. The basic materials company reported ($0.10) earnings per share for the quarter, missing the consensus estimate of $0.07 by ($0.17). Coeur Mining had a negative return on equity of 1.37% and a negative net margin of 2.41%. The business had revenue of $176.00 million during the quarter, compared to analysts’ expectations of $185.09 million. During the same quarter in the previous year, the company posted $0.23 earnings per share. The company’s quarterly revenue was up 1.5% compared to the same quarter last year. Analysts expect that Coeur Mining will post $0.08 earnings per share for the current fiscal year.
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In other Coeur Mining news, VP Mark Spurbeck sold 9,500 shares of the firm’s stock in a transaction on Friday, September 15th. The stock was sold at an average price of $9.25, for a total transaction of $87,875.00. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, COO Frank L. Jr. Hanagarne sold 28,800 shares of the firm’s stock in a transaction on Monday, August 28th. The stock was sold at an average price of $8.50, for a total value of $244,800.00. The disclosure for this sale can be found here. Insiders have sold a total of 58,610 shares of company stock worth $520,955 over the last 90 days. 1.30% of the stock is currently owned by company insiders.
A number of institutional investors and hedge funds have recently added to or reduced their stakes in CDE. Bank of New York Mellon Corp increased its holdings in Coeur Mining by 6.6% during the 1st quarter. Bank of New York Mellon Corp now owns 850,024 shares of the basic materials company’s stock worth $6,868,000 after purchasing an additional 52,875 shares during the period. UBS Asset Management Americas Inc. increased its holdings in Coeur Mining by 68.3% during the 1st quarter. UBS Asset Management Americas Inc. now owns 116,890 shares of the basic materials company’s stock worth $944,000 after purchasing an additional 47,441 shares during the period. Karp Capital Management Corp purchased a new position in Coeur Mining during the 1st quarter worth $339,000. American International Group Inc. increased its holdings in Coeur Mining by 24.1% during the 1st quarter. American International Group Inc. now owns 109,035 shares of the basic materials company’s stock worth $881,000 after purchasing an additional 21,158 shares during the period. Finally, Wellington Management Group LLP increased its holdings in Coeur Mining by 214.6% during the 1st quarter. Wellington Management Group LLP now owns 491,768 shares of the basic materials company’s stock worth $3,973,000 after purchasing an additional 335,458 shares during the period. Institutional investors own 69.13% of the company’s stock.
About Coeur Mining
Coeur Mining, Inc is a gold and silver producer. The Company has its mines located in the United States, Mexico, and Bolivia and exploration projects in Mexico and Argentina. Its segments include Palmarejo, Rochester, Kensington, Wharf, San Bartolome mines, Coeur Capital and Other. The Palmarejo complex is located in the state of Chihuahua, Mexico.
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