Coeur Mining (NYSE:CDE) Given a $10.00 Price Target by Royal Bank of Canada Analysts

Coeur Mining (NYSE:CDE) received a $10.00 target price from analysts at Royal Bank of Canada in a report issued on Tuesday, December 5th. The brokerage presently has a “buy” rating on the basic materials company’s stock. Royal Bank of Canada’s price objective suggests a potential upside of 31.75% from the stock’s previous close.

CDE has been the subject of several other research reports. BMO Capital Markets initiated coverage on Coeur Mining in a research note on Friday, November 17th. They issued an “outperform” rating and a $10.50 target price for the company. Raymond James Financial restated a “market perform” rating and issued a $9.50 target price on shares of Coeur Mining in a research note on Thursday, September 7th. Zacks Investment Research cut Coeur Mining from a “hold” rating to a “sell” rating in a report on Thursday, August 10th. ValuEngine cut Coeur Mining from a “hold” rating to a “sell” rating in a report on Friday, September 1st. Finally, BidaskClub raised Coeur Mining from a “strong sell” rating to a “sell” rating in a report on Thursday, August 24th. Three investment analysts have rated the stock with a sell rating, three have assigned a hold rating and five have given a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus target price of $10.29.

Coeur Mining (NYSE:CDE) opened at $7.59 on Tuesday. The company has a quick ratio of 2.51, a current ratio of 3.68 and a debt-to-equity ratio of 0.36. Coeur Mining has a 12 month low of $6.71 and a 12 month high of $12.30.

Coeur Mining (NYSE:CDE) last announced its quarterly earnings data on Wednesday, October 25th. The basic materials company reported ($0.10) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.07 by ($0.17). The business had revenue of $176.00 million during the quarter, compared to the consensus estimate of $185.09 million. Coeur Mining had a negative net margin of 2.41% and a negative return on equity of 1.37%. The firm’s revenue for the quarter was up 1.5% compared to the same quarter last year. During the same quarter last year, the company earned $0.23 EPS. equities analysts anticipate that Coeur Mining will post -0.05 EPS for the current fiscal year.

In other Coeur Mining news, COO Frank L. Jr. Hanagarne sold 10,310 shares of Coeur Mining stock in a transaction on Monday, October 2nd. The stock was sold at an average price of $9.29, for a total transaction of $95,779.90. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Peter C. Mitchell sold 10,000 shares of Coeur Mining stock in a transaction on Monday, October 30th. The shares were sold at an average price of $7.67, for a total value of $76,700.00. The disclosure for this sale can be found here. Insiders have sold 35,310 shares of company stock worth $283,780 over the last 90 days. 1.30% of the stock is currently owned by corporate insiders.

A number of large investors have recently made changes to their positions in the business. Van ECK Associates Corp raised its stake in shares of Coeur Mining by 46.8% in the second quarter. Van ECK Associates Corp now owns 18,611,685 shares of the basic materials company’s stock worth $159,688,000 after purchasing an additional 5,933,383 shares during the last quarter. Investec Asset Management LTD purchased a new position in shares of Coeur Mining in the second quarter worth $28,801,000. Dimensional Fund Advisors LP raised its stake in shares of Coeur Mining by 65.4% in the second quarter. Dimensional Fund Advisors LP now owns 4,654,860 shares of the basic materials company’s stock worth $39,939,000 after purchasing an additional 1,840,601 shares during the last quarter. Alps Advisors Inc. raised its stake in shares of Coeur Mining by 146.1% in the second quarter. Alps Advisors Inc. now owns 1,468,084 shares of the basic materials company’s stock worth $12,596,000 after purchasing an additional 871,597 shares during the last quarter. Finally, Teachers Advisors LLC raised its stake in shares of Coeur Mining by 259.5% in the second quarter. Teachers Advisors LLC now owns 1,157,842 shares of the basic materials company’s stock worth $9,934,000 after purchasing an additional 835,734 shares during the last quarter. 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.

Analyst Recommendations for Coeur Mining (NYSE:CDE)

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