Coeur Mining (NYSE:CDE – Free Report) had its price target upped by Canaccord Genuity Group from $7.00 to $7.75 in a research note issued to investors on Tuesday morning, Benzinga reports. Canaccord Genuity Group currently has a buy rating on the basic materials company’s stock.
CDE has been the topic of a number of other reports. Roth Mkm increased their price target on shares of Coeur Mining from $8.00 to $8.50 and gave the company a buy rating in a research report on Wednesday, September 25th. 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 report on Monday, September 23rd. Cantor Fitzgerald lowered shares of Coeur Mining from an overweight rating to a neutral rating in a research report on Thursday, August 8th. Finally, Raymond James raised their price target on Coeur Mining from $6.25 to $7.00 and gave the company a market perform rating in a research note on Friday, September 20th. Two analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of Moderate Buy and a consensus price target of $7.81.
View Our Latest Research Report on CDE
Coeur Mining Price Performance
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, beating analysts’ consensus estimates of ($0.02) by $0.01. Coeur Mining had a negative net margin of 8.33% and a negative return on equity of 4.59%. The company had revenue of $222.03 million for the quarter, compared to the consensus estimate of $242.18 million. During the same period in the prior year, the company posted ($0.06) EPS. The company’s revenue was up 25.3% compared to the same quarter last year. As a group, research analysts anticipate that Coeur Mining will post 0.08 earnings per share for the current year.
Institutional Trading of Coeur Mining
Hedge funds and other institutional investors have recently made changes to their positions in the company. CWM LLC grew its stake in Coeur Mining by 831.5% during the second quarter. CWM LLC now owns 5,030 shares of the basic materials company’s stock worth $28,000 after purchasing an additional 4,490 shares during the period. Point72 Asia Singapore Pte. Ltd. bought a new position in Coeur Mining during the 2nd quarter valued at $49,000. Hohimer Wealth Management LLC purchased a new position in Coeur Mining during the second quarter worth about $57,000. WINTON GROUP Ltd bought a new position in shares of Coeur Mining in the second quarter valued at approximately $57,000. Finally, CIBC Asset Management Inc bought a new position in Coeur Mining in the 2nd quarter valued at $59,000. 63.01% of the stock is currently owned by institutional investors.
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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