Coeur Mining (NYSE:CDE)‘s stock had its “hold” rating reissued by research analysts at Noble Financial in a note issued to investors on Thursday.
Other analysts have also recently issued reports about the stock. Zacks Investment Research cut shares of Coeur Mining from a “hold” rating to a “sell” rating in a research note on Thursday. BMO Capital Markets reissued a “buy” rating on shares of Coeur Mining in a research note on Wednesday, September 13th. Roth Capital decreased their price target on shares of Coeur Mining from $12.50 to $10.00 and set a “buy” rating on the stock in a research note on Friday, October 27th. Royal Bank of Canada set a $10.00 price target on shares of Coeur Mining and gave the company a “buy” rating in a research note on Tuesday, December 5th. Finally, Raymond James Financial raised shares of Coeur Mining from a “market perform” rating to an “outperform” rating and increased their price target for the company from $10.25 to $10.50 in a research note on Tuesday, November 21st. Three investment analysts have rated the stock with a sell rating, three have assigned a hold rating and five have given a buy rating to the company. The company presently has an average rating of “Hold” and a consensus target price of $10.29.
Shares of Coeur Mining (NYSE:CDE) traded up $0.43 during trading on Thursday, reaching $8.36. 3,993,300 shares of the company’s stock traded hands, compared to its average volume of 3,200,012. The company has a debt-to-equity ratio of 0.36, a current ratio of 3.68 and a quick ratio of 2.51. The company has a market capitalization of $1,590.00, a PE ratio of -83.60 and a beta of 0.38. Coeur Mining has a 1 year low of $6.71 and a 1 year high of $12.30.
Coeur Mining (NYSE:CDE) last released its quarterly earnings results on Wednesday, October 25th. The basic materials company reported ($0.10) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.07 by ($0.17). Coeur Mining had a negative net margin of 2.41% and a negative return on equity of 1.37%. The company had revenue of $176.00 million for the quarter, compared to the consensus estimate of $185.09 million. During the same period last year, the company earned $0.23 earnings per share. Coeur Mining’s revenue for the quarter was up 1.5% compared to the same quarter last year. equities analysts expect that Coeur Mining will post -0.05 EPS for the current fiscal year.
In other Coeur Mining news, CFO Peter C. Mitchell sold 10,000 shares of the firm’s stock in a transaction that occurred on Monday, October 30th. The shares were sold at an average price of $7.67, for a total value of $76,700.00. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, VP Mark Spurbeck sold 15,000 shares of the firm’s stock in a transaction that occurred on Friday, November 3rd. The shares were sold at an average price of $7.42, for a total transaction of $111,300.00. The disclosure for this sale can be found here. 1.30% of the stock is currently owned by company insiders.
A number of hedge funds have recently made changes to their positions in the business. Virtu KCG Holdings LLC boosted its stake in Coeur Mining by 1.7% in the second quarter. Virtu KCG Holdings LLC now owns 34,538 shares of the basic materials company’s stock valued at $293,000 after acquiring an additional 569 shares during the last quarter. Suntrust Banks Inc. boosted its stake in Coeur Mining by 2.8% in the second quarter. Suntrust Banks Inc. now owns 22,566 shares of the basic materials company’s stock valued at $193,000 after acquiring an additional 619 shares during the last quarter. Principal Financial Group Inc. boosted its stake in Coeur Mining by 0.7% in the second quarter. Principal Financial Group Inc. now owns 99,301 shares of the basic materials company’s stock valued at $852,000 after acquiring an additional 663 shares during the last quarter. Nationwide Fund Advisors boosted its stake in Coeur Mining by 0.8% in the second quarter. Nationwide Fund Advisors now owns 106,748 shares of the basic materials company’s stock valued at $916,000 after acquiring an additional 840 shares during the last quarter. Finally, The Manufacturers Life Insurance Company boosted its stake in Coeur Mining by 0.8% in the second quarter. The Manufacturers Life Insurance Company now owns 138,812 shares of the basic materials company’s stock valued at $1,191,000 after acquiring an additional 1,038 shares during the last quarter. 69.73% of the stock is currently owned by hedge funds and other institutional investors.
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About Coeur Mining
Coeur Mining, Inc is a gold and silver producer. The Company has its mines located in the United States, Mexico, and Bolivia and exploration projects in Mexico and Argentina. Its segments include Palmarejo, Rochester, Kensington, Wharf, San Bartolome mines, Coeur Capital and Other. The Palmarejo complex is located in the state of Chihuahua, Mexico.
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