Fintel reports that on September 22, 2023, RBC Capital upgraded their outlook for Coeur Mining (NYSE:CDE) from Sector Perform to Outperform.
Analyst Price Forecast Suggests 104.48% Upside
As of August 31, 2023, the average one-year price target for Coeur Mining is 4.34. The forecasts range from a low of 3.28 to a high of $5.51. The average price target represents an increase of 104.48% from its latest reported closing price of 2.12.
See our leaderboard of companies with the largest price target upside.
The projected annual revenue for Coeur Mining is 842MM, an increase of 11.10%. The projected annual non-GAAP EPS is -0.06.
What is the Fund Sentiment?
There are 376 funds or institutions reporting positions in Coeur Mining. This is an increase of 2 owner(s) or 0.53% in the last quarter. Average portfolio weight of all funds dedicated to CDE is 0.06%, a decrease of 11.40%. Total shares owned by institutions increased in the last three months by 5.35% to 263,578K shares. The put/call ratio of CDE is 0.12, indicating a bullish outlook.
What are Other Shareholders Doing?
Van Eck Associates holds 31,040K shares representing 8.21% ownership of the company. In it’s prior filing, the firm reported owning 29,788K shares, representing an increase of 4.03%. The firm decreased its portfolio allocation in CDE by 21.85% over the last quarter.
GDX – VanEck Vectors Gold Miners ETF holds 17,544K shares representing 4.64% ownership of the company. In it’s prior filing, the firm reported owning 17,318K shares, representing an increase of 1.29%. The firm decreased its portfolio allocation in CDE by 16.16% over the last quarter.
XME – SPDR(R) S&P(R) Metals & Mining ETF holds 14,063K shares representing 3.72% ownership of the company. In it’s prior filing, the firm reported owning 15,460K shares, representing a decrease of 9.93%. The firm decreased its portfolio allocation in CDE by 19.40% over the last quarter.
GDXJ – VanEck Vectors Junior Gold Miners ETF holds 10,723K shares representing 2.84% ownership of the company. In it’s prior filing, the firm reported owning 9,668K shares, representing an increase of 9.84%. The firm decreased its portfolio allocation in CDE by 11.69% over the last quarter.
VTSMX – Vanguard Total Stock Market Index Fund Investor Shares holds 8,704K shares representing 2.30% ownership of the company. No change in the last quarter.
Coeur Mining Background Information
(This description is provided by the company.)
Coeur Mining, Inc. is a U.S.-based, well-diversified, growing precious metals producer with five wholly-owned operations: the Palmarejo gold-silver complex in Mexico, the Rochester silver-gold mine in Nevada, the Kensington gold mine in Alaska, the Wharf gold mine in South Dakota, and the Silvertip silver-zinc-lead mine in British Columbia. In addition, Coeur has interests in several precious metals exploration projects throughout North America.
This article originally appeared on Fintel
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