Shares of Coeur Mining Inc (NYSE:CDE) have been assigned an average recommendation of “Buy” from the eight brokerages that are currently covering the company, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, one has issued a hold recommendation and six have given a buy recommendation to the company. The average 1 year target price among brokers that have updated their coverage on the stock in the last year is $10.05.
A number of equities research analysts have commented on CDE shares. Raymond James reiterated an “outperform” rating and set a $10.00 target price on shares of Coeur Mining in a report on Tuesday, July 10th. ValuEngine cut Coeur Mining from a “hold” rating to a “sell” rating in a report on Wednesday, July 18th. Canaccord Genuity reiterated a “buy” rating and set a $10.75 target price on shares of Coeur Mining in a report on Friday, July 13th. Roth Capital upgraded Coeur Mining from a “neutral” rating to a “buy” rating and set a $9.00 target price on the stock in a report on Tuesday, July 10th. Finally, Noble Financial reiterated a “buy” rating on shares of Coeur Mining in a report on Thursday, September 6th.
In other news, CFO Peter C. Mitchell sold 20,000 shares of the firm’s stock in a transaction on Monday, July 30th. The stock was sold at an average price of $7.03, for a total transaction of $140,600.00. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, insider Mitchell J. Krebs acquired 10,000 shares of the firm’s stock in a transaction dated Friday, August 3rd. The shares were acquired at an average price of $6.61 per share, for a total transaction of $66,100.00. The disclosure for this purchase can be found here. 1.32% of the stock is owned by company insiders.
Several hedge funds have recently bought and sold shares of the company. Bank of New York Mellon Corp boosted its holdings in shares of Coeur Mining by 130.3% during the second quarter. Bank of New York Mellon Corp now owns 2,079,696 shares of the basic materials company’s stock worth $15,805,000 after purchasing an additional 1,176,642 shares during the last quarter. Public Employees Retirement System of Ohio acquired a new stake in shares of Coeur Mining during the second quarter worth $3,040,000. California Public Employees Retirement System boosted its holdings in Coeur Mining by 13.3% in the second quarter. California Public Employees Retirement System now owns 224,540 shares of the basic materials company’s stock valued at $1,707,000 after acquiring an additional 26,340 shares during the last quarter. Millennium Management LLC boosted its holdings in Coeur Mining by 528.7% in the second quarter. Millennium Management LLC now owns 679,686 shares of the basic materials company’s stock valued at $5,166,000 after acquiring an additional 571,577 shares during the last quarter. Finally, Capital Fund Management S.A. boosted its holdings in Coeur Mining by 7.9% in the second quarter. Capital Fund Management S.A. now owns 497,670 shares of the basic materials company’s stock valued at $3,782,000 after acquiring an additional 36,509 shares during the last quarter. Institutional investors and hedge funds own 67.47% of the company’s stock.
NYSE CDE traded down $0.08 during mid-day trading on Friday, hitting $5.47. The stock had a trading volume of 2,232,742 shares, compared to its average volume of 2,705,845. Coeur Mining has a 52-week low of $5.18 and a 52-week high of $9.87. The company has a market capitalization of $1.06 billion, a P/E ratio of 273.50 and a beta of 0.55. The company has a debt-to-equity ratio of 0.49, a current ratio of 2.23 and a quick ratio of 1.25.
Coeur Mining (NYSE:CDE) last released its quarterly earnings data on Wednesday, July 25th. The basic materials company reported $0.01 earnings per share for the quarter, beating the consensus estimate of ($0.01) by $0.02. Coeur Mining had a negative return on equity of 0.32% and a negative net margin of 0.67%. The firm had revenue of $170.00 million during the quarter, compared to the consensus estimate of $174.67 million. During the same period last year, the business posted ($0.01) EPS. Coeur Mining’s quarterly revenue was up 6.3% on a year-over-year basis. research analysts expect that Coeur Mining will post -0.03 earnings per share for the current fiscal year.
Coeur Mining Company Profile
Coeur Mining, Inc owns, operates, explores for, and develops silver and gold properties. It holds interests in the Palmarejo silver-gold complex located in Mexico; the Silvertip silver-zinc-lead mine located in British Columbia; the Rochester silver-gold mine located in Nevada; the Kensington gold mine located in Alaska; and the Wharf gold mine located in South Dakota.
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