Coeur Mining (NYSE:CDE – Free Report) had its price objective upped by Canaccord Genuity Group from $7.00 to $7.75 in a research report released on Tuesday morning, Benzinga reports. Canaccord Genuity Group currently has a buy rating on the basic materials company’s stock.
Other analysts have also recently issued reports about the stock. Roth Mkm lifted their target price on shares of Coeur Mining from $8.00 to $8.50 and gave the company a buy rating in a research note on Wednesday, September 25th. Raymond James raised their price objective on shares of Coeur Mining from $6.25 to $7.00 and gave the stock a market perform rating in a research note on Friday, September 20th. BMO Capital Markets boosted their price target on Coeur Mining from $7.50 to $8.00 and gave the company an outperform rating in a research note on Monday, September 23rd. Finally, Cantor Fitzgerald lowered Coeur Mining from an overweight rating to a neutral rating in a report on Thursday, August 8th. Two analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of Moderate Buy and an average price target of $7.81.
Get Our Latest Stock Analysis on Coeur Mining
Coeur Mining Stock Up 3.1 %
Coeur Mining (NYSE:CDE – Get Free Report) last released its earnings results on Wednesday, August 7th. The basic materials company reported ($0.01) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.02) by $0.01. The company had revenue of $222.03 million during the quarter, compared to the consensus estimate of $242.18 million. Coeur Mining had a negative net margin of 8.33% and a negative return on equity of 4.59%. The company’s revenue was up 25.3% compared to the same quarter last year. During the same quarter in the prior year, the firm earned ($0.06) EPS. As a group, equities research analysts anticipate that Coeur Mining will post 0.08 EPS for the current year.
Institutional Investors Weigh In On Coeur Mining
Institutional investors have recently added to or reduced their stakes in the stock. Tidal Investments LLC bought a new position in shares of Coeur Mining during the first quarter valued at $41,587,000. American Century Companies Inc. boosted its position in Coeur Mining by 248.1% in the second quarter. American Century Companies Inc. now owns 6,463,587 shares of the basic materials company’s stock valued at $36,325,000 after buying an additional 4,606,711 shares in the last quarter. Vanguard Group Inc. grew its stake in Coeur Mining by 12.5% during the fourth quarter. Vanguard Group Inc. now owns 35,854,316 shares of the basic materials company’s stock worth $116,885,000 after buying an additional 3,989,352 shares during the last quarter. Van ECK Associates Corp grew its stake in Coeur Mining by 6.5% during the first quarter. Van ECK Associates Corp now owns 38,624,849 shares of the basic materials company’s stock worth $145,616,000 after buying an additional 2,345,791 shares during the last quarter. Finally, M&G Plc acquired a new stake in shares of Coeur Mining during the second quarter worth approximately $9,966,000. 63.01% of the stock is owned by institutional investors and hedge funds.
About Coeur Mining
Coeur Mining, Inc explores for precious metals in the United States, Canada, and Mexico. The company primarily explores for gold, silver, zinc, and lead properties. It markets and sells its concentrates to third-party customers, smelters, under off-take agreements. The company was formerly known as Coeur d'Alene Mines Corporation and changed its name to Coeur Mining, Inc in May 2013.
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