Other equities analysts also recently issued reports about the company. Roth Capital set a $13.00 target price on Coeur Mining and gave the company a buy rating in a research report on Wednesday, June 14th. Royal Bank Of Canada set a $13.00 target price on Coeur Mining and gave the company a buy rating in a research report on Monday, June 12th. BidaskClub upgraded Coeur Mining from a hold rating to a buy rating in a research report on Saturday, June 10th. BMO Capital Markets reiterated a buy rating and set a $11.00 target price on shares of Coeur Mining in a research report on Friday, June 30th. Finally, Canaccord Genuity reiterated a buy rating and set a $11.75 target price on shares of Coeur Mining in a research report on Thursday, September 7th. Three equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and five have assigned a buy rating to the company. The stock has an average rating of Hold and an average price target of $11.23.
Coeur Mining (NYSE CDE) opened at 9.28 on Wednesday. The stock’s 50 day moving average price is $8.39 and its 200-day moving average price is $8.61. The stock has a market cap of $1.68 billion, a PE ratio of 24.10 and a beta of 0.47. Coeur Mining has a 12 month low of $7.30 and a 12 month high of $13.65.
Coeur Mining (NYSE:CDE) last released its earnings results on Wednesday, July 26th. The basic materials company reported ($0.01) earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of ($0.01). The company had revenue of $173.40 million for the quarter, compared to the consensus estimate of $174.70 million. Coeur Mining had a return on equity of 10.44% and a net margin of 9.65%. Coeur Mining’s quarterly revenue was down 4.7% compared to the same quarter last year. During the same period in the previous year, the business earned $0.09 earnings per share. Analysts anticipate that Coeur Mining will post $0.12 EPS for the current fiscal year.
In other news, COO Frank L. Jr. Hanagarne sold 28,800 shares of the business’s stock in a transaction dated Monday, August 28th. The stock was sold at an average price of $8.50, for a total value of $244,800.00. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CFO Peter C. Mitchell sold 10,000 shares of the business’s stock in a transaction dated Monday, July 31st. The shares were sold at an average price of $8.19, for a total value of $81,900.00. The disclosure for this sale can be found here. Insiders sold 48,800 shares of company stock worth $419,200 over the last 90 days. Company insiders own 1.30% of the company’s stock.
Several institutional investors have recently made changes to their positions in CDE. BlackRock Inc. lifted its position in shares of Coeur Mining by 56,698.4% in the first quarter. BlackRock Inc. now owns 11,538,591 shares of the basic materials company’s stock valued at $93,231,000 after acquiring an additional 11,518,276 shares in the last quarter. Van ECK Associates Corp lifted its position 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 valued at $159,688,000 after acquiring an additional 5,933,383 shares in the last quarter. GMT Capital Corp lifted its position in shares of Coeur Mining by 47.7% in the first quarter. GMT Capital Corp now owns 11,747,789 shares of the basic materials company’s stock valued at $94,922,000 after acquiring an additional 3,792,700 shares in the last quarter. Investec Asset Management LTD purchased a new position in shares of Coeur Mining in the second quarter valued at about $28,801,000. Finally, Dimensional Fund Advisors LP lifted its position 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 valued at $39,939,000 after acquiring an additional 1,840,601 shares in the last quarter. Institutional investors and hedge funds own 68.90% of the company’s stock.
Coeur Mining Company Profile
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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