Coeur Mining (CDE) Earning Somewhat Positive News Coverage, Report Finds
Media coverage about Coeur Mining (NYSE:CDE) has been trending somewhat positive this week, according to Accern Sentiment Analysis. The research group rates the sentiment of media coverage by reviewing more than 20 million blog and news sources in real time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Coeur Mining earned a coverage optimism score of 0.09 on Accern’s scale. Accern also assigned media coverage about the basic materials company an impact score of 45.7203889214036 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the next few days.
Here are some of the news headlines that may have effected Accern’s analysis:
- Coeur Mining Target of Unusually High Options Trading (CDE) (americanbankingnews.com)
- Noble Financial Reaffirms Hold Rating for Coeur Mining (CDE) (americanbankingnews.com)
- Coeur Mining Breaks Above 200-Day Moving Average – Bullish for CDE (nasdaq.com)
- Zacks Investment Research Downgrades Coeur Mining (CDE) to Sell (americanbankingnews.com)
- Coeur Mining, Inc. (NYSE:CDE) – Is The Stock Overvalued? (P/E Analysis) – Nasdaq Journal (press release) (nasdaqjournal.com)
CDE has been the topic of a number of research analyst reports. Zacks Investment Research lowered shares of Coeur Mining from a “hold” rating to a “strong sell” rating in a research note on Wednesday, October 18th. Raymond James Financial upgraded shares of Coeur Mining from a “market perform” rating to an “outperform” rating and raised their target price for the company from $10.25 to $10.50 in a research note on Tuesday, November 21st. Royal Bank of Canada set a $11.00 target price on shares of Coeur Mining and gave the company a “buy” rating in a research note on Friday, October 27th. BMO Capital Markets set a $12.00 target price on shares of Coeur Mining and gave the company a “buy” rating in a research note on Tuesday, November 14th. Finally, Roth Capital set a $13.00 target price on shares of Coeur Mining and gave the company a “buy” rating in a research note on Thursday, October 5th. Three equities research analysts have rated the stock with a sell rating, three have given a hold rating and five have given a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average price target of $10.29.
Shares of Coeur Mining (CDE) opened at $8.55 on Monday. The company has a quick ratio of 2.51, a current ratio of 3.68 and a debt-to-equity ratio of 0.36. The stock has a market cap of $1,590.00, a price-to-earnings ratio of -85.50 and a beta of 0.38. Coeur Mining has a 12-month low of $6.71 and a 12-month high of $12.30.
Coeur Mining (NYSE:CDE) last posted its quarterly earnings results on Wednesday, October 25th. The basic materials company reported ($0.10) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.07 by ($0.17). The company had revenue of $176.00 million during the quarter, compared to analyst estimates of $185.09 million. Coeur Mining had a negative return on equity of 1.37% and a negative net margin of 2.41%. The business’s revenue for the quarter was up 1.5% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.23 earnings per share. sell-side analysts predict that Coeur Mining will post -0.05 earnings per share 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 on Monday, October 30th. The shares were sold at an average price of $7.67, for a total value of $76,700.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, VP Mark Spurbeck sold 15,000 shares of the firm’s stock in a transaction on Friday, November 3rd. The stock was 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. Company insiders own 1.30% of the company’s stock.
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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