Stock Worth Mentioning Today: Is Buying Coeur Mining Inc Here a Winning Strategy?

Stock Worth Mentioning Today: Is Buying Coeur Mining Inc Here a Winning Strategy?

The stock of Coeur Mining Inc (NYSE:CDE) is a huge mover today! About 2.50M shares traded hands. Coeur Mining Inc (NYSE:CDE) has risen 95.99% since April 5, 2016 and is uptrending. It has outperformed by 94.03% the S&P500.
The move comes after 6 months positive chart setup for the $1.88 billion company. It was reported on Nov, 8 by Barchart.com. We have $14.55 PT which if reached, will make NYSE:CDE worth $582.80 million more.

Coeur Mining Inc (NYSE:CDE) Ratings Coverage

Out of 7 analysts covering Coeur Mining (NYSE:CDE), 6 rate it a “Buy”, 0 “Sell”, while 1 “Hold”. This means 86% are positive. Coeur Mining has been the topic of 19 analyst reports since August 6, 2015 according to StockzIntelligence Inc. The firm has “Buy” rating by TH Capital given on Tuesday, October 13. The company was downgraded on Wednesday, March 23 by Deutsche Bank. The stock has “Market Perform” rating given by BMO Capital Markets on Friday, February 12. As per Friday, April 8, the company rating was downgraded by IBC. The stock of Coeur Mining Inc (NYSE:CDE) has “Hold” rating given on Monday, November 9 by Deutsche Bank. The stock of Coeur Mining Inc (NYSE:CDE) has “Hold” rating given on Monday, October 3 by Deutsche Bank. The stock has “Sector Perform” rating given by RBC Capital Markets on Tuesday, June 21. As per Thursday, July 14, the company rating was upgraded by RBC Capital Markets. The company was maintained on Monday, October 5 by Deutsche Bank. The stock has “” rating given by IBC on Tuesday, August 30.

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.
Blackrock Advisors Lc has 167,102 shares for 0% of their US portfolio. Shah Capital Mgmt holds 3.12M shares or 13.37% of its portfolio. D E Shaw Company has 206,775 shares for 0% of their US portfolio. Cornerstone Mgmt Limited Liability last reported 0.01% of its portfolio in the stock. Secor Capital Advsrs Lp owns 121,278 shares or 0.16% of their US portfolio. Old Mutual Glob Investors (Uk) Limited reported 165,000 shares or 0.03% of all its holdings. Art Llc has invested 0.03% of its portfolio in Coeur Mining Inc (NYSE:CDE). Princeton Alpha Mgmt Limited Partnership accumulated 0.04% or 18,937 shares. Ws Mgmt Lllp holds 0.52% or 1.41M shares in its portfolio. Walleye Trading Lc has invested 0% of its portfolio in Coeur Mining Inc (NYSE:CDE). Amer Century Inc, a Missouri-based fund reported 1.01 million shares. Commercial Bank Of America De owns 72,921 shares or 0% of their US portfolio. Sei has invested 0.03% of its portfolio in Coeur Mining Inc (NYSE:CDE). Ameritas Prns holds 0.01% of its portfolio in Coeur Mining Inc (NYSE:CDE) for 11,907 shares. Mufg Americas Hldgs Corp last reported 1,266 shares in the company.

Insider Transactions: Since July 29, 2016, the stock had 2 buys, and 8 sales for $805,519 net activity. 1,000 shares were bought by MELLOR ROBERT E, worth $15,473. Another trade for 16,157 shares valued at $256,638 was sold by Mitchell Peter C.. Shares for $40,375 were sold by Rasmussen Hans John. The insider Spurbeck Mark sold 4,565 shares worth $71,899. THOMPSON J KENNETH had sold 7,500 shares worth $116,423.

More important recent Coeur Mining Inc (NYSE:CDE) news were published by: Fool.com which released: “3 Impressive Numbers From Coeur Mining Inc’s Third-Quarter Report” on October 27, 2016, also Fool.com published article titled: “Is Coeur Mining Inc’s Sinking Production a Problem?”, Seekingalpha.com published: “Coeur Mining, Inc. Projected To Surpass Competitors In Precious Metals Market” on November 02, 2016. More interesting news about Coeur Mining Inc (NYSE:CDE) was released by: Businesswire.com and their article: “Coeur to Present at Morgan Stanley Leveraged Finance Conference and The Silver …” with publication date: November 03, 2016.

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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