The stock of Coeur Mining Inc (NYSE:CDE) is a huge mover today! About 1.50M shares traded hands. Coeur Mining Inc (NYSE:CDE) has risen 120.28% since March 11, 2016 and is uptrending. It has outperformed by 114.82% the S&P500.
The move comes after 8 months negative chart setup for the $1.75B company. It was reported on Oct, 14 by Barchart.com. We have $9.85 PT which if reached, will make NYSE:CDE worth $140.00 million less.
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 $17.96 million for 24.36 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. As per Monday, June 27, the company rating was upgraded by Raymond James. The rating was initiated by RBC Capital Markets on Tuesday, June 21 with “Sector Perform”. The company was downgraded on Friday, April 8 by IBC. On Monday, November 9 the stock rating was maintained by Deutsche Bank with “Hold”. The firm has “” rating by IBC given on Tuesday, August 30. The stock of Coeur Mining Inc (NYSE:CDE) earned “Market Perform” rating by BMO Capital Markets on Friday, February 12. The rating was downgraded by Deutsche Bank on Wednesday, March 23 to “Sell”. The stock of Coeur Mining Inc (NYSE:CDE) earned “Buy” rating by TH Capital on Tuesday, October 13. Roth Capital maintained the shares of CDE in a report on Tuesday, October 13 with “Buy” rating. The rating was upgraded by BMO Capital Markets to “Outperform” on Thursday, May 12.
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 improved, 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.
Metropolitan Life Insurance Co Ny accumulated 0.01% or 110,210 shares. Fuller & Thaler Asset Management Inc owns 639,300 shares or 0.12% of their US portfolio. Manufacturers Life Ins The holds 102,721 shares or 0% of its portfolio. Moreover, Eam Invsts Limited Co has 0.63% invested in Coeur Mining Inc (NYSE:CDE) for 394,887 shares. First Manhattan has 1,050 shares for 0% of their US portfolio. Gmt Capital Corp accumulated 6.54 million shares or 1.69% of the stock. Great West Life Assurance Can holds 12,966 shares or 0% of its portfolio. Lpl Fincl Ltd Company last reported 0% of its portfolio in the stock. Moreover, Tiaa Cref Mngmt Ltd Liability has 0.01% invested in Coeur Mining Inc (NYSE:CDE) for 1.31M shares. The France-based Axa has invested 0% in Coeur Mining Inc (NYSE:CDE). Moreover, State Street has 0.01% invested in Coeur Mining Inc (NYSE:CDE) for 5.78 million shares. Meeder Asset Mngmt Inc has 0% invested in the company for 3,203 shares. Dimensional Fund Advsr Limited Partnership owns 2.91M shares or 0.02% of their US portfolio. Allianz Asset Ag reported 23,042 shares or 0% of all its holdings. Moreover, Susquehanna Intl Grp Ltd Liability Partnership has 0% invested in Coeur Mining Inc (NYSE:CDE) for 83,000 shares.
Insider Transactions: Since April 29, 2016, the stock had 3 insider buys, and 7 sales for $679,443 net activity. Another trade for 7,500 shares valued at $116,423 was made by THOMPSON J KENNETH on Monday, August 1. Rasmussen Hans John had sold 3,750 shares worth $61,275. Mitchell Peter C. had sold 10,000 shares worth $125,500. $15,676 worth of shares were bought by MELLOR ROBERT E on Friday, April 29. Spurbeck Mark sold $71,899 worth of stock or 4,565 shares.
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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