Coeur Mining (NYSE:CDE) has been given a $8.00 price objective by equities research analysts at BMO Capital Markets in a research report issued on Thursday. The firm currently has a “buy” rating on the basic materials company’s stock. BMO Capital Markets’ target price indicates a potential upside of 47.33% from the stock’s current price.
A number of other research analysts also recently commented on the company. ValuEngine upgraded Coeur Mining from a “strong sell” rating to a “sell” rating in a research note on Tuesday, October 2nd. Noble Financial restated a “buy” rating on shares of Coeur Mining in a research note on Thursday, September 6th. Raymond James lowered their target price on Coeur Mining from $10.00 to $9.50 and set an “outperform” rating on the stock in a research note on Friday, August 3rd. Canaccord Genuity restated a “buy” rating and issued a $10.75 target price on shares of Coeur Mining in a research note on Friday, July 13th. Finally, Roth Capital upgraded Coeur Mining from a “neutral” rating to a “buy” rating and set a $9.00 target price on the stock in a research note on Tuesday, July 10th. One analyst has rated the stock with a sell rating, one has issued a hold rating and six have given a buy rating to the company. The company has an average rating of “Buy” and a consensus price target of $9.21.
Shares of NYSE CDE opened at $5.43 on Thursday. The company has a current ratio of 2.23, a quick ratio of 1.25 and a debt-to-equity ratio of 0.49. Coeur Mining has a one year low of $5.04 and a one year high of $9.16. The stock has a market capitalization of $997.04 million, a price-to-earnings ratio of 271.50 and a beta of 0.64.
Coeur Mining (NYSE:CDE) last issued its earnings results on Wednesday, July 25th. The basic materials company reported $0.01 EPS for the quarter, beating analysts’ consensus estimates of ($0.01) by $0.02. Coeur Mining had a negative return on equity of 0.32% and a negative net margin of 0.67%. The firm had revenue of $170.00 million for the quarter, compared to the consensus estimate of $174.67 million. During the same quarter in the previous year, the company posted ($0.01) earnings per share. The business’s quarterly revenue was up 6.3% compared to the same quarter last year. On average, equities research analysts anticipate that Coeur Mining will post -0.03 EPS for the current fiscal year.
In other Coeur Mining news, CFO Peter C. Mitchell sold 20,000 shares of the business’s stock in a transaction dated Monday, July 30th. The stock was sold at an average price of $7.03, for a total value of $140,600.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, insider Mitchell J. Krebs purchased 10,000 shares of Coeur Mining stock in a transaction on Friday, August 3rd. The stock was bought at an average cost of $6.61 per share, with a total value of $66,100.00. The disclosure for this purchase can be found here. 1.32% of the stock is owned by insiders.
Several large investors have recently made changes to their positions in the business. Bank of Montreal Can lifted its position in shares of Coeur Mining by 55.7% in the third quarter. Bank of Montreal Can now owns 386,965 shares of the basic materials company’s stock worth $2,062,000 after buying an additional 138,473 shares during the last quarter. Northern Trust Corp lifted its position in shares of Coeur Mining by 1.2% in the second quarter. Northern Trust Corp now owns 2,496,483 shares of the basic materials company’s stock worth $18,974,000 after buying an additional 29,758 shares during the last quarter. Bank of New York Mellon Corp lifted its position in shares of Coeur Mining by 130.3% in the second quarter. Bank of New York Mellon Corp now owns 2,079,696 shares of the basic materials company’s stock worth $15,805,000 after buying an additional 1,176,642 shares during the last quarter. Public Employees Retirement System of Ohio acquired a new stake in shares of Coeur Mining in the second quarter worth about $3,040,000. Finally, California Public Employees Retirement System lifted its position in shares of Coeur Mining by 13.3% in the second quarter. California Public Employees Retirement System now owns 224,540 shares of the basic materials company’s stock worth $1,707,000 after buying an additional 26,340 shares during the last quarter. 66.86% of the stock is owned by institutional investors.
Coeur Mining Company Profile
Coeur Mining, Inc owns, operates, explores for, and develops silver and gold properties. It holds interests in the Palmarejo silver-gold complex located in Mexico; the Silvertip silver-zinc-lead mine located in British Columbia; the Rochester silver-gold mine located in Nevada; the Kensington gold mine located in Alaska; and the Wharf gold mine located in South Dakota.
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