Royal Bank Of Canada reaffirmed their buy rating on shares of Coeur Mining, Inc. (NYSE:CDE) in a research note released on Wednesday.

Other research analysts also recently issued reports about the stock. BMO Capital Markets reissued a buy rating and issued a $11.00 target price on shares of Coeur Mining in a research report on Friday, June 30th. Roth Capital set a $13.00 target price on shares of Coeur Mining and gave the stock a buy rating in a research report on Wednesday, June 14th. UBS AG downgraded shares of Coeur Mining from an outperform rating to a market perform rating in a research report on Thursday, September 7th. BidaskClub raised shares of Coeur Mining from a hold rating to a buy rating in a research report on Saturday, June 10th. Finally, Noble Financial reaffirmed a hold rating on shares of Coeur Mining in a research report on Wednesday, September 13th. Three analysts have rated the stock with a sell rating, four have issued a hold rating and five have issued a buy rating to the company. The company presently has a consensus rating of Hold and an average target price of $11.23.

Coeur Mining (NYSE CDE) opened at 9.19 on Wednesday. The stock has a market cap of $1.67 billion, a P/E ratio of 23.87 and a beta of 0.47. The firm’s 50-day moving average is $8.44 and its 200-day moving average is $8.63. Coeur Mining has a 1-year low of $7.30 and a 1-year high of $13.18.

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, hitting the consensus estimate of ($0.01). The business had revenue of $173.40 million for the quarter, compared to the consensus estimate of $174.70 million. Coeur Mining had a net margin of 9.65% and a return on equity of 10.44%. The firm’s quarterly revenue was down 4.7% compared to the same quarter last year. During the same period last year, the firm posted $0.09 earnings per share. On average, analysts forecast that Coeur Mining will post $0.13 EPS for the current year.

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In other Coeur Mining news, VP Mark Spurbeck sold 9,500 shares of Coeur Mining stock in a transaction that occurred on Friday, September 15th. The shares were sold at an average price of $9.25, for a total value of $87,875.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Hans John Rasmussen sold 10,000 shares of Coeur Mining stock in a transaction that occurred 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 58,300 shares of company stock valued at $507,075 over the last quarter. Corporate insiders own 1.30% of the company’s stock.

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Teacher Retirement System of Texas lifted its stake in Coeur Mining by 1.3% in the second quarter. Teacher Retirement System of Texas now owns 14,587 shares of the basic materials company’s stock valued at $125,000 after acquiring an additional 182 shares during the last quarter. Virtu KCG Holdings LLC lifted its stake in Coeur Mining by 1.7% in the second quarter. Virtu KCG Holdings LLC now owns 34,538 shares of the basic materials company’s stock valued at $293,000 after acquiring an additional 569 shares during the last quarter. Suntrust Banks Inc. lifted its stake in Coeur Mining by 2.8% in the second quarter. Suntrust Banks Inc. now owns 22,566 shares of the basic materials company’s stock valued at $193,000 after acquiring an additional 619 shares during the last quarter. Principal Financial Group Inc. lifted its stake in Coeur Mining by 0.7% in the second quarter. Principal Financial Group Inc. now owns 99,301 shares of the basic materials company’s stock valued at $852,000 after acquiring an additional 663 shares during the last quarter. Finally, Profund Advisors LLC lifted its stake in Coeur Mining by 2.3% in the first quarter. Profund Advisors LLC now owns 36,986 shares of the basic materials company’s stock valued at $299,000 after acquiring an additional 817 shares during the last quarter. Hedge funds and other institutional investors own 68.90% of the company’s stock.

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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