Coeur Mining (CDE) Given a $10.00 Price Target at Royal Bank Of Canada
Several other equities research analysts have also recently commented on the company. Raymond James Financial raised Coeur Mining from a market perform rating to an outperform rating and increased their price target for the company from $10.25 to $10.50 in a report on Tuesday, November 21st. BMO Capital Markets assumed coverage on Coeur Mining in a report on Friday, November 17th. They issued an outperform rating and a $10.50 price target for the company. Noble Financial reaffirmed a hold rating on shares of Coeur Mining in a report on Tuesday, October 31st. Roth Capital cut their price target on Coeur Mining from $12.50 to $10.00 and set a buy rating for the company in a report on Friday, October 27th. Finally, Zacks Investment Research lowered Coeur Mining from a hold rating to a strong sell rating in a research report on Wednesday, October 25th. Three analysts have rated the stock with a sell rating, three have issued a hold rating and five have issued a buy rating to the company. The stock has an average rating of Hold and an average target price of $10.29.
Shares of Coeur Mining (NYSE CDE) opened at $6.99 on Tuesday. Coeur Mining has a fifty-two week low of $6.93 and a fifty-two week high of $12.30. The company has a current ratio of 3.68, a quick ratio of 2.51 and a debt-to-equity ratio of 0.36.
Coeur Mining (NYSE:CDE) last posted its quarterly earnings results on Wednesday, October 25th. The basic materials company reported ($0.10) EPS for the quarter, missing the consensus estimate of $0.07 by ($0.17). Coeur Mining had a negative net margin of 2.41% and a negative return on equity of 1.37%. The company had revenue of $176.00 million during the quarter, compared to analyst estimates of $185.09 million. During the same period in the prior year, the business posted $0.23 EPS. Coeur Mining’s revenue for the quarter was up 1.5% compared to the same quarter last year. research analysts predict that Coeur Mining will post -0.05 EPS for the current fiscal year.
In other news, CFO Peter C. Mitchell sold 10,000 shares of the firm’s stock in a transaction on Monday, October 30th. The stock was sold at an average price of $7.67, for a total transaction of $76,700.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, COO Frank L. Jr. Hanagarne sold 10,310 shares of the firm’s stock in a transaction on Monday, October 2nd. The stock was sold at an average price of $9.29, for a total value of $95,779.90. The disclosure for this sale can be found here. Insiders sold 54,810 shares of company stock valued at $464,155 over the last quarter. 1.30% of the stock is currently owned by company insiders.
Institutional investors and hedge funds have recently added to or reduced their stakes in the company. UBS Group AG boosted its position in shares of Coeur Mining by 9.8% during the first quarter. UBS Group AG now owns 14,178 shares of the basic materials company’s stock worth $115,000 after buying an additional 1,267 shares during the period. Stevens Capital Management LP purchased a new position in shares of Coeur Mining during the second quarter worth $123,000. Teacher Retirement System of Texas boosted its position in shares of Coeur Mining by 1.3% during the second quarter. Teacher Retirement System of Texas now owns 14,587 shares of the basic materials company’s stock worth $125,000 after buying an additional 182 shares during the period. Russell Investments Group Ltd. purchased a new position in shares of Coeur Mining during the second quarter worth $141,000. Finally, Sigma Planning Corp purchased a new position in shares of Coeur Mining during the second quarter worth $143,000. Institutional investors and hedge funds own 69.75% 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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