The stock of Coeur Mining Inc (NYSE:CDE) is a huge mover today! About 582,513 shares traded hands. Coeur Mining Inc (NYSE:CDE) has risen 126.85% since March 9, 2016 and is uptrending. It has outperformed by 119.44% the S&P500.
The move comes after 7 months positive chart setup for the $1.71B company. It was reported on Oct, 12 by Barchart.com. We have $14.11 PT which if reached, will make NYSE:CDE worth $513.00 million more.
Analysts await Coeur Mining Inc (NYSE:CDE) to report earnings on November, 7. They expect $0.11 earnings per share, up 210.00% or $0.21 from last year’s $-0.1 per share. CDE’s profit will be $17.34 million for 24.66 P/E if the $0.11 EPS becomes a reality. After $0.09 actual earnings per share reported by Coeur Mining Inc for the previous quarter, Wall Street now forecasts 22.22% EPS growth.
Coeur Mining Inc (NYSE:CDE) Ratings Coverage
Out of 6 analysts covering Coeur Mining (NYSE:CDE), 5 rate it a “Buy”, 0 “Sell”, while 1 “Hold”. This means 83% are positive. Coeur Mining has been the topic of 18 analyst reports since August 6, 2015 according to StockzIntelligence Inc. Deutsche Bank maintained the stock with “Hold” rating in Monday, November 9 report. As per Monday, October 5, the company rating was maintained by Deutsche Bank. As per Tuesday, October 13, the company rating was maintained by TH Capital. The firm earned “Sell” rating on Wednesday, March 23 by Deutsche Bank. RBC Capital Markets upgraded Coeur Mining Inc (NYSE:CDE) on Thursday, July 14 to “Outperform” rating. Raymond James upgraded Coeur Mining Inc (NYSE:CDE) on Monday, June 27 to “Outperform” rating. The stock has “Buy” rating given by Roth Capital on Tuesday, October 13. IBC downgraded Coeur Mining Inc (NYSE:CDE) on Friday, April 8 to “Sector Underperform” rating. As per Thursday, May 12, the company rating was upgraded by BMO Capital Markets. The firm earned “” rating on Tuesday, August 30 by IBC.
According to Zacks Investment Research, “Coeur Mining, Inc. operates as a primary silver and gold producer with precious metals mines in the Americas. The company’s principal properties include the Palmarejo silver-gold mine in Mexico, the San Bartolome silver mine in Bolivia, the Rochester silver-gold mine in Nevada and the Kensington gold mine in Alaska. It also conducts ongoing exploration activities in Alaska, Argentina, Bolivia, Mexico, and Nevada. Coeur Mining, Inc., formerly known as Coeur d’Alene Mines Corporation, is headquartered in Chicago, Illinois.”
Insitutional Activity: The institutional sentiment increased to 2.04 in 2016 Q2. Its up 1.12, from 0.92 in 2016Q1. The ratio increased, as 14 funds sold all Coeur Mining Inc shares owned while 36 reduced positions. 37 funds bought stakes while 65 increased positions. They now own 111.63 million shares or 25.38% more from 89.04 million shares in 2016Q1.
Amer Century holds 0.01% of its portfolio in Coeur Mining Inc (NYSE:CDE) for 1.01M shares. California State Teachers Retirement Sys holds 0.01% or 320,930 shares in its portfolio. Next Group has 26 shares for 0% of their US portfolio. Blackrock Institutional Tru Na holds 0.01% of its portfolio in Coeur Mining Inc (NYSE:CDE) for 3.71M shares. Citadel Advsr Llc holds 0.01% of its portfolio in Coeur Mining Inc (NYSE:CDE) for 691,219 shares. Royal Comml Bank Of Scotland Group Inc Public Ltd holds 0.08% or 31,061 shares in its portfolio. Ameriprise Fincl accumulated 0% or 206,483 shares. Arrow Financial Corp last reported 672 shares in the company. Susquehanna Grp Ltd Liability Partnership has invested 0% of its portfolio in Coeur Mining Inc (NYSE:CDE). Renaissance Tech Limited Liability holds 0.1% of its portfolio in Coeur Mining Inc (NYSE:CDE) for 5.08 million shares. Moreover, Wells Fargo And Mn has 0% invested in Coeur Mining Inc (NYSE:CDE) for 136,565 shares. Marshall Wace Llp holds 0.01% or 63,643 shares in its portfolio. Legal And General Group Plc has 23,670 shares for 0% of their US portfolio. Shah Cap Management last reported 13.37% of its portfolio in the stock. Sigma Planning accumulated 0.11% or 82,007 shares.
Insider Transactions: Since April 29, 2016, the stock had 3 insider buys, and 7 selling transactions for $679,443 net activity. $15,473 worth of Coeur Mining Inc (NYSE:CDE) shares were bought by MELLOR ROBERT E. Spurbeck Mark sold $71,899 worth of stock or 4,565 shares. THOMPSON J KENNETH sold $116,423 worth of Coeur Mining Inc (NYSE:CDE) on Monday, August 1. Rasmussen Hans John had sold 3,750 shares worth $61,275. $256,638 worth of Coeur Mining Inc (NYSE:CDE) was sold by Mitchell Peter C. on Monday, August 8.
More news for Coeur Mining Inc (NYSE:CDE) were recently published by: Businesswire.com, which released: “Coeur Mining Provides Exploration Update” on October 10, 2016. Fool.com‘s article titled: “With Its Stock Up 400%, Coeur Mining Inc. Is Cashing In” and published on September 14, 2016 is yet another important article.
CDE Company Profile
Coeur Mining, Inc., incorporated on May 15, 2013, is a gold and silver producer. The Company’s divisions include Palmarejo complex, Rochester, Kensington, Wharf and San Bartolome mines, and Coeur Capital. The Firm also has a non-operating interest in the Endeavor mine in Australia in addition to royalties on the El Gallo complex in Mexico, the Zaruma mine in Ecuador, and the Correnso mine in New Zealand. In addition, the Company has two silver-gold feasibility stage projects: the La Preciosa project in Mexico and the Joaquin project in Argentina. The Firm also conducts exploration activities in Alaska, Argentina, Bolivia, Mexico, and Nevada. The Firm owns strategic investment positions in several silver and gold development companies with projects in North and South America.
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