Coeur Mining (NYSE:CDE) has been given a $10.00 price objective by investment analysts at Royal Bank Of Canada in a note issued to investors on Tuesday. The brokerage currently has a “buy” rating on the basic materials company’s stock. Royal Bank Of Canada’s price objective points to a potential upside of 45.35% from the company’s previous close.
Several other research analysts have also issued reports on the stock. Zacks Investment Research lowered shares of Coeur Mining from a “hold” rating to a “strong sell” rating in a report on Wednesday, October 18th. Canaccord Genuity restated a “buy” rating and set a $11.75 price target on shares of Coeur Mining in a report on Thursday, September 7th. Roth Capital set a $13.00 price target on shares of Coeur Mining and gave the stock a “buy” rating in a report on Thursday, October 5th. Raymond James Financial upgraded shares of Coeur Mining from a “market perform” rating to an “outperform” rating and raised their price target for the stock from $10.25 to $10.50 in a report on Tuesday, November 21st. Finally, ValuEngine lowered shares of Coeur Mining from a “hold” rating to a “sell” rating in a report on Friday, September 1st. Three equities research analysts have rated the stock with a sell rating, three have issued a hold rating and five have assigned a buy rating to the company. Coeur Mining has an average rating of “Hold” and an average target price of $10.29.
Coeur Mining (NYSE CDE) opened at $6.88 on Tuesday. The company has a debt-to-equity ratio of 0.36, a current ratio of 3.68 and a quick ratio of 2.51. Coeur Mining has a fifty-two week low of $6.82 and a fifty-two week high of $12.30.
Coeur Mining (NYSE:CDE) last released its quarterly earnings results on Wednesday, October 25th. The basic materials company reported ($0.10) earnings per share (EPS) 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 firm had revenue of $176.00 million for the quarter, compared to the consensus estimate of $185.09 million. During the same quarter in the previous year, the business posted $0.23 EPS. The firm’s revenue for the quarter was up 1.5% compared to the same quarter last year. analysts forecast that Coeur Mining will post -0.05 earnings per share for the current fiscal year.
In other news, VP Mark Spurbeck sold 15,000 shares of Coeur Mining stock in a transaction on Friday, November 3rd. The shares were sold at an average price of $7.42, for a total value of $111,300.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, SVP Hans John Rasmussen sold 10,000 shares of Coeur Mining stock in a transaction on Friday, September 15th. The shares were sold at an average price of $9.25, for a total transaction of $92,500.00. The disclosure for this sale can be found here. Insiders sold a total of 54,810 shares of company stock valued at $464,155 in the last quarter. 1.30% of the stock is currently owned by company insiders.
Hedge funds have recently made changes to their positions in the business. Aperio Group LLC increased its stake in Coeur Mining by 5.9% during the 2nd quarter. Aperio Group LLC now owns 44,435 shares of the basic materials company’s stock valued at $381,000 after purchasing an additional 2,482 shares in the last quarter. Van ECK Associates Corp increased its stake in Coeur Mining by 46.8% during the 2nd quarter. Van ECK Associates Corp now owns 18,611,685 shares of the basic materials company’s stock valued at $159,688,000 after purchasing an additional 5,933,383 shares in the last quarter. Marshall Wace North America L.P. bought a new stake in Coeur Mining during the 2nd quarter valued at $689,000. Investec Asset Management LTD bought a new stake in Coeur Mining during the 2nd quarter valued at $28,801,000. Finally, ETF Managers Group LLC bought a new stake in Coeur Mining during the 2nd quarter valued at $5,207,000. Institutional investors and hedge funds own 69.75% of the company’s stock.
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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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